In this practical 1-day course (or 4 x 2-hour sessions), you will explore the options and processes available for sourcing from external suppliers, from sourcing approaches and award criteria through to supplier analysis, quotations and tenders, compliance and environmental, social and governance (ESG) practice. Choose the short course on its own, or add the optional CIPS L4M4 exam to earn 6 credits towards the CIPS Level 4 Diploma in Procurement and Supply.
Description
Do ethical and ESG criteria actually change which supplier you choose?
In this practical 1-day course (or 4 x 2-hour sessions), you will explore the options and processes available for sourcing from external suppliers, from sourcing approaches and award criteria through to supplier analysis, quotations and tenders, compliance and environmental, social and governance (ESG) practice.
A significant element of procurement and supply activity is based around decisions to conduct activity internally or source from an external supplier, and selecting the right external suppliers is a vital contributor to organisational success. You will learn to formulate sourcing strategies and selection criteria so your organisation makes the best choice of external suppliers, with sourcing arrangements that meet sustainable, environmental, social and ethical goals.
Delivered by AcademyGlobal faculty who are experienced procurement practitioners and hold MCIPS or FCIPS qualifications, the course combines practical activities, group discussion and locally relevant examples drawn from the Australian and New Zealand procurement environment.
AcademyGlobal is Australia and New Zealand's first and only CIPS Centre of Excellence, recognising the quality of our CIPS teaching, learner support and study centre delivery.
Choose your learning pathway
Two pathways, depending on your goals.
Option 1: Short course
Build practical skills you can apply immediately in the workplace. Complete the course and receive an AcademyGlobal Certificate of Course Completion recognising your professional development. There is no requirement to become a CIPS member or sit an examination.
Option 2: Short course + CIPS exam
Build your skills and progress towards the CIPS Level 4 Diploma in Procurement and Supply. Complete the course and register for the official CIPS L4M4 exam. Pass the exam to earn 6 credits towards the CIPS Level 4 Diploma in Procurement and Supply.
What the course covers
- The sourcing process (pre-contract stages 1 to 8 of the CIPS Procurement Cycle)
- Approaches to sourcing requirements from suppliers
- Sourcing options and trade-offs
- Award criteria commonly applied when sourcing from external suppliers
- Sources of market data that affect sourcing decisions
- Processes for obtaining and assessing quotations and tenders
- Legislative, regulatory and organisational requirements in the not-for-profit, private and public sectors
- Compliance requirements for international sourcing
- Environmental, social and governance practices that support responsible sourcing
- Audits and feedback mechanisms to evaluate ESG standards
What you will be able to do
By the end of the day, you will be able to:
- Explain the options and associated processes available for sourcing with external suppliers
- Identify the key processes used for obtaining and assessing quotations and tenders
- Examine the legal and ethical impact and the implications of sustainability, encompassing economic, environmental, social and governance factors, on the final sourcing decision
Course format
- Duration: 1 day or 4 x 2-hour sessions
- Delivery: in person or virtual, with practical activities and group discussion
- CIPS module: L4M4 Ethical and Responsible Sourcing (https://www.cips.org/qualifications/diploma-in-procurement-supply/ethical-and-responsible-sourcing)
Fees
- Standalone short course: $475 incl. GST per participant
- CIPS pathway: $695 incl. GST (includes one year CIPS student membership)
- The CIPS exam fee is set by CIPS and paid separately (https://www.cips.org/membership/exam-member-fees)
Assessment
Option 1: Short course. This option is for participants who wish to complete the training without undertaking a CIPS exam or other formal assessment. On completion of the course, you will receive an AcademyGlobal Certificate of Course Completion, confirming your participation in and completion of the training. This option does not include assessment, a CIPS examination or credits towards a CIPS qualification.
Option 2: Short course and CIPS exam. After completing the course, you can sit the CIPS L4M4 Objective Response (OR) exam during one of CIPS’ scheduled exam periods throughout the year (see the CIPS exam schedule (https://www.cips.org/students/exam-success/exam-schedules)). A pass gives you 6 credits towards the CIPS Level 4 Diploma in Procurement and Supply.
The exam is a computer-based Objective Response examination. Rather than writing extended or essay-style answers, you are presented with questions and select the correct response from a range of possible answers. The pass mark for Objective Response examinations is 70%.
Objective Response exams are held during designated CIPS examination periods. CIPS currently schedules exam periods five times each year, in March, May, July, September and November.
All CIPS examinations are computer based, and you can sit the exam through remote invigilation. This means you can undertake the examination from a suitable location such as your home or office, provided you meet CIPS’ technical and examination-environment requirements.
For a remotely invigilated exam, you will need an appropriate desktop or laptop computer, stable internet connection, webcam and suitable private examination environment. The examination itself is completed through CIPS’ computer-based TestReach platform while an approved remote invigilator supervises the examination. CIPS provides candidates with instructions and technical requirements ahead of the exam.
The exam fee is set by CIPS and paid separately (see the CIPS exam fees (https://www.cips.org/membership/exam-member-fees)), and AcademyGlobal will take care of your exam registration and support you with the associated administration.
You must hold current CIPS membership to sit the examination. If you are not already a CIPS member, the CIPS exam pathway fee includes one year of CIPS student membership.
Exam format (objective response): you select a response from a list of possible answers. The exam is 1.5 hours long.
