Procurement and Supply Operations - L2M2
Purpose: On completion of the module, learners will be able to identify types of business organisations. They will define the fundamentals and components of the contracting process, identify sources of information on suppliers and customers and define pricing methods used for the purchasing of goods or services.
Aim: In any organisation, a significant element of the procurement and supply function is based around the contracting process. This module is designed for those involved in the procurement and supply operation who, to ensure success must demonstrate knowledge and comprehension of the associated components and systems that are at their disposal to support the contracting process. They must also know where sources of information on suppliers and customers are and recognise the advantages and disadvantages of pricing methods used for the purchasing of goods or services.
Session 1: [1.0] Know the types of organisations and how they operate[1.1] Identify the types of business organisations [1.2] Describe how organisations operate [1.3] Identify the key operating functions within organisations
Session 2: [2.0] Know the components of contractual agreements [2.1] Identify types of contracts [2.2] Identify the kind of pricing arrangements applied in commercial contracts [2.3] Define the different documents that compose a contract for the purchase or supply of goods or services
Session 3: [3.0] Understand sources of information on suppliers and customers [3.1] Explain the use of the Internet to locate details about suppliers and customers [3.2] Explain the use of credit rating agencies [3.3] Describe systems used in procurement and supply
Session 4: [4.0] Understand pricing methods used for the purchasing of goods or services [4.1] Explain the advantages and disadvantages of a range of pricing methods
Session 5: Module recap
Summer Cohort 2020 26 of April, 2020 03, 10 & 17 of May, 2020 Winter Cohort 2020 To be announced
You can appear for the L2M2 examination on one of the following dates. Please contact the Certifications Manager to book your examination. Candidates need to pay for the Examination Fee and Centre Fee.
About L2M2 Exam
Our CIPS, UK Approved Faculties can deliver Procurement and Supply Operations – L2M2 over 40 Hours at your facility.
L2M1 - Introducing Procurement and Supply L2M2 - You are on this page L2M3 - Stakeholder RelationshipsL2M4 - Systems Technology L2M5 - Inventory, Logistics and Expediting