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CIPS Level 4 Procurement and Supply in Practice (L4M8)

CIPS Level 4 Unit Procurement and Supply in Practice (L4M8) focuses on the practical application of procurement and supply processes within various organizational contexts. It covers key aspects such as the procurement cycle, financial assessment, whole-life asset management, and environmental, social, and governance (ESG) principles. By studying this unit, learners gain insights into strategic procurement decisions, supplier evaluation techniques, and performance assessment to enhance operational efficiency.

This unit is essential for procurement professionals seeking to develop practical skills and strategic understanding for managing procurement processes across public, private, and third sectors. Learners will be equipped with the knowledge to align procurement strategies with business objectives, ensuring cost-effectiveness, risk management, and value creation.

Unit Objectives

• To provide learners with a comprehensive understanding of the procurement cycle and its application in various industries.
• To enable learners to apply financial assessment techniques for evaluating supplier performance.
• To develop knowledge of whole-life asset management principles in procurement decisions.
• To enhance the application of environmental, social, and governance (ESG) principles in procurement and supply chain management.

Learning Outcomes

The significant learning outcomes of the unit CIPS Level 4 Procurement and Supply in Practice (L4M8) are demonstrated below:

LO1: Demonstrate the application of the procurement cycle

This learning outcome focuses on applying the CIPS Procurement Cycle in real-world procurement and supply chain contexts. Learners will explore the benefits and limitations of structured procurement processes and their relevance in public, private, and third-sector organisations. By mastering this learning outcome, learners will develop a holistic understanding of procurement stages and how they contribute to efficient sourcing, supplier selection, and contract management.

LO2: Demonstrate the application of the stages of the procurement process

Learners will apply both pre-contract (stages 1-8) and post-contract (stages 9-13) stages of the CIPS Procurement Cycle across public, private, and third-sector environments. This outcome ensures that learners can navigate supplier selection, contract negotiation, and performance management effectively. Additionally, learners will develop financial assessment skills, including calculating performance indicators such as profitability, liquidity, gearing, and cash flow, to assess supplier viability. They will also examine fixed and variable costs, margin calculations, and breakeven analysis to enhance financial decision-making in procurement.

LO3: Demonstrate the application of whole-life asset management

This learning outcome enables learners to apply whole-life asset management principles across various sectors and industries. Learners will explore the role of asset management in global sourcing, cost management, risk mitigation, and stakeholder engagement. They will also examine strategies for managing product end-of-life and decommissioning activities, ensuring sustainable procurement practices. By mastering this outcome, learners will develop the expertise to manage procurement decisions throughout the asset lifecycle, balancing cost efficiency and long-term value creation.

LO4: Demonstrate the application of environmental, social, and governance (ESG) principles

Learners will explore the integration of environmental, social, and governance (ESG) principles into procurement and supply chain management. This outcome focuses on the application of ESG strategies across public, private, and third-sector organisations, as well as primary, secondary, and tertiary industries. Learners will develop practical skills in supplier monitoring, key performance indicators (KPIs), and sustainability initiatives. They will also identify actionable steps to achieve ESG goals, ensuring responsible sourcing, ethical supply chain practices, and regulatory compliance.

Assessment Criteria

The assessment criteria for this unit are aligned with the learning outcomes, ensuring that learners can:

LO1 Demonstrate the Application of the Procurement Cycle

1.1 Apply the stages of the procurement cycle to practical procurement and supply contexts

• 1.1.1 Understanding the CIPS Procurement Cycle and its holistic application in procurement.
• 1.1.2 Identifying the benefits and limitations of structured procurement processes.
• 1.1.3 Practical application of procurement across different sectors, including public, private, and third sector organizations.

LO2 Demonstrate the Application of the Stages of the Procurement Process

2.1 Apply the pre-contract stages (stages 1-8) of the CIPS Procurement Cycle to procurement and supply

• 2.1.1 Application of the first eight stages of the procurement cycle to real-world procurement challenges in different industries.

2.2 Apply the post-contract stages (stages 9-13) of the CIPS Procurement Cycle

• 2.2.1 Implementation of post-contract stages to optimize procurement strategies in various organizational settings.

2.3 Calculation and Assessment of Performance Indicators

• 2.3.1 Calculation of profitability, liquidity, gearing, and cash flow indicators for supplier viability assessment.
• 2.3.2 Evaluation of the advantages and limitations of performance indicators derived from financial statements.
• 2.3.3 Computation and analysis of fixed and variable costs, mark-up, margin, and breakeven points.
• 2.3.4 Assessment of breakeven analysis benefits and limitations for strategic decision-making.

LO3 Demonstrate the Application of Whole-Life Asset Management

3.1 Apply whole-life asset management principles in different sectors and industries

• 3.1.1 Practical implementation of whole-life asset management principles in public, private, and third sector organizations.
• 3.1.2 Application of whole-life asset principles in primary, secondary, and tertiary industries.
• 3.1.3 Managing risks and benefits associated with global sourcing and extended supply chains.
• 3.1.4 Utilization of whole-life asset management in controlling costs and minimizing risks.
• 3.1.5 Ensuring effective stakeholder management through asset management strategies.
• 3.1.6 Addressing product end-of-life and decommissioning activities in procurement strategies.

LO4 Demonstrate the Application of Environmental, Social, and Governance (ESG) Principles

4.1 Apply environmental, social, and governance principles in procurement

• 4.1.1 Practical application of ESG principles in public, private, and third sector organizations.
• 4.1.2 Implementation of ESG strategies in primary, secondary, and tertiary industries.
• 4.1.3 Use of supplier monitoring tools and KPIs to track and enhance sustainability performance.
• 4.1.4 Developing practical strategies to achieve ESG goals in procurement processes.

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