CIPS Module L4M2 Defıning Business Need

OVERVIEWThe development of a business case and the ability to analyse markets are key if an organisation is to successfully source activity from external suppliers. Similarly, the clear definition of specifications for through life contracts is crucial to overall business achievement. This module is designed for those who are expected to analyse, interpret and evaluate information on the different types of markets utilised by procurement and supply. It explores a variety of elements that underpin the development of business cases and specifications and considers the options that should be explored when procurement and supply personnel are involved in defining requirements.
DURATION3 x 1.5 hours
DELIVERYVirtual workshop Work-based activities, including presentations, group work and case studies
  • Understand how to devise a business case for requirements to be sourced from external suppliers
  • Analyse how business needs influence procurement decisions
  • Identify how costs and prices can be estimated for procurement activities
  • Analyse the criteria that can be applied in the creation of a business case
  • Interpret financial budgets for the control of purchases
  • Understand market management in procurement and supply
  • Analyse the different types of markets utilised by procurement and supply
  • Compare the competitive forces that influence markets
  • Contrast the breakdown between direct and indirect costs and the types of data that can provide information on cost and price
  • Understand the use of specifications in procurement and supply
  • Analyse different types of specifications used in procurement and supply and sources of information that can be used to create specifications
  • Identify sections of specifications for through life contracts
  • Identify the risks that can result from inadequate specifications and mitigation approaches
  • Identify opportunities to regulate short and longer term specifications

Please contact us on 1300 950 251 for further information and booking enquiries.