Workshop 1 L4M8: Procurement and Supply in Practice

Module purpose

On completion of this module, learners will be able to demonstrate the practical application
of the key elements of the procurement cycle in an integrated manner, within a workplace
context.

Module aim(s)

Procurement is the business function that ensures identification, sourcing, access and
management of external resources that an organisation needs or may need to successfully
fulfil its strategic objectives. It exists to explore supply market opportunities and to implement
resourcing strategies that deliver the best possible supply outcomes to the organisation, its
stakeholders and customers. In today’s volatile global trading environments, it is not enough
for procurement and supply professionals to simply know the theory behind their profession;
they must also be in a position to confidently and effectively apply that knowledge to the
benefit of the whole organisation, its stakeholders and customers. This module is designed to
test the practical application of procurement and supply concepts and ideas within the practical
environments which professionals are expected to perform.