The Chartered Institute of Procurement & Supply (CIPS) is a professional body dedicated to advancing standards in procurement and supply. CIPS qualifications are designed to support the structured development of professional knowledge and skills in procurement and supply operations.
Supply Chain Management LLC (SCM by BMS) is an officially approved CIPS Study Centre and CIPS Computer-Based Exam Centre (Centre No. 10007367), providing preparation programmes for CIPS qualifications.
Qualification: CIPS Level 3 – Advanced Certificate in Procurement and Supply Operations
Who is it for? Intermediate learners seeking to specialise in procurement and supply and progress to the CIPS Level 4 Diploma.
What will I learn? The application of factual, procedural and theoretical knowledge to procurement and supply activities, including defined but potentially complex tasks, information interpretation and performance review.
Entry requirements: No formal entry requirements.
Full qualification: Four core modules and one of two elective modules, totalling 30 credits.
Qualification totals: 200 GLH, 90 SSR, 300 TQT and 10 hours of examinations.
Procurement and Supply Environments
Core Module · 6 Credits · 60 Hours Total Learning Time · Objective Response (OR) Exam: 2 Hours
Module overview: This module explores the different organisational environments in which procurement and supply operate, external influences on procurement performance, and the policies and procedures governing procurement activities.
Course content
1. Procurement and supply sectors
Types and functions of private sector organisations
Procurement roles in the private sector
Public sector procurement, budget savings and service delivery
Procurement in not-for-profit and third-sector organisations
2. Pricing arrangements in commercial agreements
Fixed-price and cost-reimbursable arrangements
Indexation and price adjustment mechanisms
Incentivised pricing and gain-sharing
Payment terms and open-book costing
3. External environmental influences
PEST and STEEPLED analysis
Porter's Five Forces, demand and supply
Inflation, interest rates and exchange rates
Political, legislative, environmental, ethical and social factors
4. Procurement policies and procedures
Requisitions, purchase orders, delivery notes and invoices
