CIPS Level 4 Module 2 (Defining Business Needs 6Cr)
- Description
- Curriculum
- Reviews
The development of a business case and the ability to analyse markets are key if an organisation is to successfully work with external suppliers. Similarly, the clear definition of specifications for through-life contracts is crucial to overall business achievement. This module is designed for those who are expected to analyse, interpret and evaluate information on the different types of markets utilised by procurement and supply. It explores a variety of elements that underpin the development of business cases and specifications, and considers the options that should be explored when procurement and supply personnel are involved in defining requirements.
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L4M2 Module PurposeL4M2 Learning Outcomes
1.0 Devising a business case for requirements to be sourced
1.1 Analyse how business needs influence procurement and supply decisions
1.2 Identify how costs and prices can be estimated for procurement activities
1.3 Analyse the criteria that can be applied in the development of a business case
1.4 Interpretation of financial budgets and cost models for the control of purchases
2.0 Market management in procurement and supply
2.1 Analyse the consideration for procurement and supply when working with different markets
2.2 Compare the competitive forces that influence markets
2.3 Contrast direct costs and indirect costs. Consider the types of data that can provide information on cost and price
3.0 Use of specification in procurement and supply
3.1 Analyse the types of specifications used in procurement and supply, and sources of information that can be used to create them
3.2 Identify sections used in developing specifications supporting procurement and supply arrangements
3.3 Identify the risks that can result from inadequate specifications and mitigation approaches
3.4 3.4 Identify opportunities to review and enhance specifications in the short and longer term
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1.0 Devising a business case for requirements to be sourced
1.1 Analyse how business needs influence procurement and supply decisions
1.2 Identify how costs and prices can be estimated for procurement activities
1.3 Analyse the criteria that can be applied in the development of a business case
1.4 Interpretation of financial budgets and cost models for the control of purchases
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LO1.0 Case scenario -
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1.1 Exam Practice Questions
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1.2 Practice questions
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1.3 Practice questions
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1.4 Practical review questions
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2.0 Market management in procurement and supply
2.1 Analyse the consideration for procurement and supply when working with different markets
2.2 Compare the competitive forces that influence markets
2.3 Contrast direct costs and indirect costs. Consider the types of data that can provide information on cost and price
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2.1 Practice questions
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2.2 Practice questions
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2.3 Practice questions
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LO2.0 Case scenario
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3.0: The use of specifications in procurement and supply
3.1 Analyse the types of specifications used in procurement and supply, and sources of information that can be used to create them
3.2 Identify sections used in developing specifications supporting procurement and supply arrangements
3.3 Identify the risks that can result from inadequate specifications and mitigation approaches
3.4 Identify opportunities to review and enhance specifications in the short and longer term
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LO3.0 Case scenario
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3.1 Practice questions
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3.2 Practice questions
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3.3 Practice questions
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LO 3.4 Practice questions
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L4M2 EXAM PRACTICE QUESTIONS
On completion of this module, learners will be able to devise a business case for requirements to be
externally sourced and will understand the role of market management and competitive forces as they
specify goods and services in procurement and supply.
â For this module:
• 6 Credits
• Module Learning Time (inc assessment) = 60 hours
• GLH = 25 hours
• SSR = 35 hours
• Assessment = 1.5 hours Assessment
• Objective Response Exam (MCQs) – 1.5 hours
* No. of exam questions = 60
• Pass mark – 70 %
CIPS Certificate, CIPS Advanced certificate OR HND / higher qualifications in Management, Logistics, Ac-counting, Marketing, etc OR GCE Advanced level PLUS Appropriate work experience.
Student studies through a personalized access to IMIT’s e-learning learning resources .
