In this practical 1.5-day course (or 6 x 2-hour sessions), you will evaluate the concept of global commercial strategy, assess the challenges and main elements of formulating and implementing a commercial strategy, and understand the impact of finance on strategic decision-making. Choose the short course on its own, or add the optional CIPS L6M2 exam to earn 12 credits towards the CIPS Level 6 Professional Diploma in Procurement and Supply.
Description
Are tariffs and global volatility forcing you to rethink your commercial strategy?
In this practical 1.5-day course (or 6 x 2-hour sessions), you will evaluate the concept of global commercial strategy, assess the challenges and main elements of formulating and implementing a commercial strategy, and understand the impact of finance on strategic decision-making.
The global agenda is increasingly important to organisational success. As your organisation increases overseas development, investment and sourcing, you need to formulate and implement global commercial strategies. You will focus on developing, configuring and implementing a global commercial strategy that helps your organisation achieve competitive advantage.
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 6 Professional Diploma in Procurement and Supply. Complete the course and register for the official CIPS L6M2 exam. Pass the exam to earn 12 credits towards the CIPS Level 6 Professional Diploma in Procurement and Supply.
Eligibility: you need the CIPS Level 4 Diploma and Level 5 Advanced Diploma first.
What the course covers
• Characteristics of global strategic decisions and strategic versus operational management
• Analysing the global supply chain with STEEPLED, Porter's Five Forces and industry and product life cycles
• Regulatory influences, including import and export licensing, tariffs and duties
• How corporate and business strategic decisions impact supply chains
• Strategy evaluation: suitability, acceptability and feasibility
• Measurable outcomes and performance metrics for strategy implementation
• Aligning organisational structure and supply chain design with business strategy
• Supply chain costs, cost drivers and financial ratio analysis
• Financial risks in global supply chains: market, credit, liquidity, interest rate, foreign exchange and commodity risk
• Hedging with forward contracts, options, swaps and futures
What you will be able to do
By the end of the course, you will be able to:
• Evaluate characteristics of global strategic decisions in organisations
• Assess methods to analyse the global supply chain
• Evaluate the regulatory influences on the global supply chain
• Evaluate how corporate and business strategic decisions impact supply chains, and how strategy can be implemented
• Analyse the relationship between business strategy and organisational structure
• Assess the importance of costs and finance within global supply chains
• Analyse the financial related risks that might arise within global supply chains
• Evaluate tools, techniques and financial products for managing financial risks within global supply chains
Course format
• Duration: 1.5 days or 6 x 2-hour sessions
• Delivery: in person or virtual, with practical activities and group discussion
• CIPS module: L6M2 Global Commercial Strategy (https://www.cips.org/qualifications/professional-diploma-in-procurement-supply/global-commercial-strategy)
Fees
• Standalone short course: $875 incl. GST per participant
• CIPS pathway: $1,095 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 L6M2 Constructed Response (CR) 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 12 credits towards the CIPS Level 6 Professional Diploma in Procurement and Supply. To sit the exam, you must first have achieved the CIPS Level 4 Diploma and the CIPS Level 5 Advanced Diploma in Procurement and Supply, which are the CIPS entry requirements for Level 6. This applies only if you choose to sit the exam. You do not need them to attend this course.
The L6M2 exam is a computer-based, three-hour Constructed Response examination. Rather than selecting answers from multiple-choice options, you are required to construct and type your own responses, using an essay-style or case-study approach to demonstrate your understanding and application of the module content. CIPS uses Constructed Response examinations across its Diploma-level qualifications.
CIPS offers remote invigilation, allowing you to sit the computer-based exam from a suitable location such as your home or office, provided you meet CIPS’ technical and examination-environment requirements. The examination is completed on CIPS’ computer-based examination platform and is supervised remotely by an online invigilator.
For a remotely invigilated examination, you will need an appropriate desktop or laptop computer, stable internet connection and a suitable private environment in which to complete the exam. CIPS provides instructions and technical checks to help candidates prepare for remote examination day.
The exam fee is set by CIPS and paid separately (see the CIPS exam fees: https://www.cips.org/membership/exam-member-fees). AcademyGlobal will take care of your exam registration and provide administrative support throughout the process.
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.
