CIPS Level 2 - Procurement and Supply Operations [L2M2]

An organisation will supply products and/or services to its customers. It's the procurement's function to source these from your suppliers. Every procurement professional should aim to do this cost efficiently; however, there are other considerations, such as time, available resources, places of supply and delivery, ethical suppliers, and quality of suppliers (to name a few). A significant element of the procurement and supply function is based on the contracting process. This course is designed for those involved in procurement and supply operations who must demonstrate knowledge and comprehension of the associated components and systems to ensure success in 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.On completion, you 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.Did you know that contracts do not have to be in writing for them to be legally binding? Start this course to get a better understanding of commercial contracts. We have a lot of ground to cover, so let's get started.