CIPS Level 4 – Diploma in Procurement and Supply
About CIPS
The Chartered Institute of Procurement & Supply (CIPS) is an internationally recognised professional organisation in procurement and supply. CIPS qualifications are designed to develop professional knowledge and competencies, support recognised standards of practice and enhance career development opportunities.
SCM by BMS – Official CIPS Study and Exam Centre
Your Qualification
Who Is It For?
This qualification is suitable for individuals planning a career in procurement and supply, professionals working in operational roles, and those supervising or managing procurement activities.
What Will I Learn?
Learners develop the ability to analyse procurement and supply processes, apply practical and theoretical knowledge in the workplace, address complex non-routine problems and evaluate the effectiveness of procurement decisions.
Entry Requirements
Credit Values
Examination Formats
Study Commitments
Total Exam Time: 15 hours
These figures apply to the full Level 4 qualification rather than to each individual module.
Core Module · 6 Credits · 60 Hours Total Learning Time · Objective Response (OR) Exam: 1.5 Hours
L4M3 — Commercial Contracting
About the Module
This module explores the preparation of commercial contracts, legal principles of contract formation, specifications, performance indicators and essential contractual terms used in procurement and supply.
Course Content
1. Legal Foundations of Commercial Contracts
1.1. Contract documentation
1.2. Contract formation
1.3. Types of contracts
2. Specifications and Performance Indicators
2.1. Contract specifications
2.2. KPIs and service levels
3. Essential Contract Terms
3.1. Sources of contractual terms
3.2. Legal and commercial clauses
3.3. Pricing and payment
Learning Outcomes
Learners develop an understanding of contract formation, contractual risks, performance measurement and commercial pricing arrangements.
The training schedule will be communicated to you once the group has been formed.