CIPS Level 4 Diploma In Procurement And Supply Training - United States

Who should attend this CIPS Level 4 Diploma in Procurement and Supply Course?

The CIPS Level 4 Diploma in Procurement and Supply is well-suited for professionals aiming to advance their careers in procurement and supply chain management. Ideal candidates for this qualification include:

• Senior Buyers
• Procurement Managers
• Supply Chain Analysts
• Contracts Managers
• Purchasing Coordinators
• Category Managers
• Supply Chain Managers

Prerequisites of CIPS Level 4 Diploma in Procurement and Supply Training

This course is designed for individuals seeking to understand negotiation, planning, risk management, and data analysis, among other key concepts. While it's suitable for anyone, those with some experience in procurement who are aspiring to take on junior or middle management roles will benefit the most.

Eligibility requirements include:

• Age 18 or older with a minimum of 2 A Levels or an equivalent qualification, such as a relevant Level 3 Certificate
• Age 21 or older with at least two years of work experience in a business

Although this course naturally progresses from the CIPS Level 3 Advanced Certificate, completing the Level 3 Certificate is not a prerequisite.

CIPS Level 4 Diploma in Procurement and Supply Course Overview

The Chartered Institute of Procurement & Supply (CIPS) is a leading global body serving the procurement and supply profession. Dedicated to promoting best practices, CIPS provides essential resources for those engaged in the procurement and supply chain management sectors. The training offers substantial benefits to organisations by enhancing efficiency and optimising cost management through refined procurement strategies. Additionally, for individuals, CIPS training paves the way for career advancement by validating their expertise with a globally recognised qualification.

This course will provide delegates with a thorough understanding of the procurement and supply chain management processes. They will learn to analyse and manage procurement activities effectively, understand the legal frameworks surrounding contracts, and develop strategies for ethical and responsible sourcing. The course also covers the intricacies of commercial negotiations and supplier relationship management, equipping delegates with the tools needed to navigate complex procurement scenarios.

Course Objectives:

• To understand procurement's role and impact
• To analyse supply chain efficiencies
• To develop effective procurement strategies
• To manage supplier relationships strategically
• To negotiate contracts effectively
• To ensure compliance with procurement laws
• To implement best practices in procurement

Upon completing this training, delegates will be able to apply their newly acquired knowledge to real-world procurement challenges. They will be proficient in conducting thorough market analyses, crafting robust procurement strategies, and executing contracts with optimal terms. Delegates will also be capable of managing supplier relationships effectively and ensuring compliance with both organisational and regulatory standards.

Level 4: Diploma in Procurement and Supply Exam

The CIPS Level 4 Diploma in Procurement and Supply is designed for individuals who have some prior business experience or have completed the Level 3 Advanced Certificate. This qualification is ideal for those looking to advance their career in procurement and supply chain management. Here are some key details about the exams:

You’ll undertake eight core exams:

Core Modules:

• Scope and Influence of Procurement and Supply - 3 Hours (4 CR Questions)
• Defining Business Need - 1.5 Hours (60 OR Questions)
• Commercial Contracting - 1.5 Hours (60 OR Questions)
• Commercial Negotiation - 1.5 Hours (60 OR Questions)
• Ethical and Responsible Sourcing - 1.5 Hours (60 OR Questions)
• Supplier Relationships - 1.5 Hours (60 OR Questions)
• Whole-Life Asset Management - 1.5 Hours (60 OR Questions)
• Procurement and Supply in Practice - 3 Hours (4 CR Questions)

Exam Details:

• Frequency: Exams are held in March, May, July, September, and November.
• Exam Type:
  • Objective Response (OR):Select a response from a list of possible answers.
  • Constructed Response (CR):Provide written answers to demonstrate understanding and application of the subject matter.

Assessment Criteria:

• Pass Mark for Constructed Response (CR) Modules:
  • Minimum of 50% to pass.
  • Grading Scale:
    • Distinction: 75 - 100%
    • Merit: 60 - 74%
    • Pass: 50 - 59%
    • Fail: 0 - 49%
• Pass Mark for Objective Response (OR) Modules: A minimum of 70% is required to pass.

Exam Process:

• Arrangements: The Knowledge Academy will arrange your exams, which can be taken either at your nearest CIPS exam centre or remotely from home.
• Fees: A CIPS fee applies to each exam, with a small additional fee for remote exams.
• Technical Requirements: Ensure you meet the technical requirements for remote exams to avoid any issues.

Credits:

• The qualification is worth 60 credits in total. You must pass all eight core exams to achieve the diploma.

Results:

• Release: Results are usually released within 2-3 weeks after the exam date.