CIPS Level 5 Advanced Diploma in Procurement and Supply: Explained

Are you aiming to become a powerhouse in the lightning-fast world of procurement and supply? Then look no further! The CIPS Level 5 Advanced Diploma is your key to mastering strategic sourcing and supply chain excellence. More than a mere qualification, it's a transformative journey to hone your skills in risk management, Category Management, and complex negotiations beyond the CIPS Levels 2, 3 and 4.

This blog will take you through all the essentials of the CIPS Level 5 Advanced Diploma, including its assessment methods, cost, core modules and more! Read on and strengthen your presence in the world of procurement and supply. 

Table of Contents

1) Overview of the CIPS Level 5 Course   

2) Who is the CIPS Level 5 for 

3) Entry Requirements for CIPS Level 5 

4) Qualifications for CIPS Level 5 

5) Core Modules in CIPS Level 5 

6) Assessment Methods for CIPS Level 5    

7) What is the Cost of CIPS Level 5? 

8) Conclusion 

Overview of the CIPS Level 5 Course   

The CIPS Level 5 Advanced Diploma is an advanced professional qualification aimed at Contract Managers, Senior Buyers, or Supply Chain Managers. It is essentially aimed at anyone who’s already working in procurement or supply management roles. 

CIPS Level 5 builds on the foundation laid down by the CIPS Level 4 Diploma and leads to the CIPS Level 6 Professional Diploma in Procurement and Supply, helping you progress through the duration of CIPS qualification smoothly. This qualification prioritises enhancing advanced strategic capabilities required to meet business objectives. 

Who is the CIPS Level 5 for? 

CIPS Level 5 is tailored for CIPS Level 4 graduates prepping for managerial roles. This leads to CIPS Level 6, which enhances strategic decision-making for senior roles. It is suitable for:  

1) Procurement Manager  

2) Supply Chain Manager  

3) Senior Buyer  

4) Category Manager  

5) Contracts Manager  

6) Purchasing Manager  

7) Logistics Manager 

Entry Requirements for CIPS Level 5 

The entry requirements for CIPS Level 5 qualification include: 

1) Completion of CIPS Level 4 Diploma 

2) Minimum two years of relevant experience in a business environment 

Expand your knowledge on procurement’s scope and influence in business with our CIPS Level 4 Diploma in Procurement and Supply Training - Sign up now! 

Qualifications for CIPS Level 5 

The CIPS Level 5 Advanced Diploma in Procurement and Supply is designed for individuals aiming to enhance their procurement and supply chain management skills. Here are the key qualifications and requirements: 

Educational Background: 

a) Typically, you need at least two A-levels or an international equivalent. 

b) Alternatively, a CIPS Level 4 Diploma in Procurement and Supply can serve as a prerequisite. 

Professional Experience: 

a) A minimum of two years of relevant experience in a business environment is often required.
 

Modules in CIPS Level 5 

The modules of CIPS Level 5 include the following: 

Core Modules: 

a) Managing Teams and Individuals (L5M1) – 12 credits 

b) Managing Supply Chain Risk (L5M2) – 6 credits 

c) Managing Contractual Risk (L5M3) – 6 credits 

d) Advanced Contract and Financial Management (L5M4) – 12 credits 

e) Managing Ethical Procurement and Supply (L5M5) – 6 credits 

Elective Modules (Choose 3): 

a) Category Management (L5M6) – 6 credits 

b) Achieving Competitive Advantage Through the Supply Chain (L5M7) – 6 credits 

c) Project and Change Management (L5M8) – 6 credits 

d) Operations Management (L5M9) – 6 credits 

e) Logistics Management (L5M10) – 6 credits 

f) Advanced Negotiation (L5M15) – 6 credits 

Enhance Your Procurement Expertise – Explore CIPS Level 3 Now!

Assessment Methods for CIPS Level 5    

The CIPS Level 5 Advanced Diploma exams are computer-based and can be taken at either a CIPS online regional examination centre or a remote location of the candidate's choice. There are two modules based on credits: 

1) The 6 credit modules: These assessed via a 1.5-hour objective response exam 

2) The 12 credit modules: These are assessed via 3-hour Constructed Response exams.  

Here are the two answer formats: 

1) A constructed response (CR): It requires you to write an essay or case study. 

2) An objective response (OR): It's a multiple-choice format. 

What is the Cost of CIPS Level 5? 

The CIPS Level 5 course is a 600-hour course of 60 total credit value and can be pursued at a total cost of £2995. The average completion time is 12 months and consists of 5 core and 3 elective modules. 

Conclusion 

In the field of procurement and supply, the CIPS Level 4 and CIPS Level 5 advanced diploma serve as game changers. This qualification aims to equip learners with advanced knowledge and experience in risk assessment, strategic management, and complex negotiations. The course modules, cost, assessment methods, and more pertaining to CIPS Level 5 as outlined in this blog will set your path towards procurement and supply chain excellence.

Want to gain knowledge of ethical standards in complex procurement environments? Sign up for our CIPS Level 6 Professional Diploma in Procurement and Supply Course now!