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Contract Management
Select a module to see related white papers and resources for each learning outcome:
L4M1 | L4M2 | L4M3 | L4M4 | L4M5 | L4M6 | L4M7 | L4M8
| Scope and Influence of Procurement and Supply (L4M1) |
1.0 Understand and analyse the added value that can be achieved through procurement and supply chain management
2.0 Understand and analyse the key steps when procuring goods or services
3.0 Understand and analyse the key aspects of organisational infrastructure that shape the scope of a procurement or supply chain function
4.0 Understand and analyse the need for compliance with requirements when undertaking procurement activities in different sectors
| Defining Business Need (L4M2) |
1.0 Understand how to devise a business case for requirements to be sourced from external suppliers
2.0 Understand market management in procurement and supply
3.0 Understand the use of specifications in Procurement and Supply
| Commercial Contracting (L4M3) |
1.0 Understand the legal issues that relate to the formation of contracts
2.0 Understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers
3.0 Understand the key clauses that are included in formal contracts
| Ethical and Responsible Sourcing (L4M4) |
1.0 Understand options for sourcing of requirements from suppliers
2.0 Understand the key processes that can be applied to the analysis of potential external suppliers
3.0 Understand compliance issues when sourcing from suppliers
4.0 Understand ethical and responsible sourcing
| Commercial Negotiation (L4M5) |
1.0 Understand key approaches in the negotiation of commercial agreements with external organisations
2.0 Know how to prepare for negotiations with external organisations
3.0 Understand how commercial negotiations should be undertaken
| Supplier Relationship (L4M6) |
1.0 Understand the dynamics of relationships in supply chains
2.0 Understand processes and procedures for successful working with stakeholders
3.0 Understand the concept of partnering
| Whole Life Asset Management (L4M7) |
1.0 Understand the dynamics of relationships in supply chains
2.0 Understand the key elements of effective inventory control
3.0 Understand the concept of through life cost
| Procurement and Supply in Practice (L4M8) |
1.0 Demonstrate the application of the procurement cycle
2.0 Demonstrate the application of the key stages of the sourcing process
3.0 Demonstrate the application of whole life asset management.
4.0 Demonstrate the application of ethical and responsible sourcing within an organisation