The 3 Things That Make Up the Purchasing and Supply Course at CMI

purchasing & Supply
CMI offers three CIPS accredited courses including diploma, advanced diploma, and a professional diploma in Procurement and Supply. Following are the three main components of purchasing and supply courses at CMI:

Supplier and Contract Management

The main objective of studying supplier and contract management is to learn ways to closely work with the internal customers and suppliers to minimise the overall cost of ownership and to maximise the resourcefulness of the entire supply chain.  Studying supplier and contract management allows you to learn contract procedures and how to improve process along with enhancing your knowledge about procurement function that empowers you to benefit future contracts in practical life. It also facilitates you to learn ways to take care while managing risks to changes in contracts for instance when you are required to retender in case of a considerable amendment.

Category Management

Studying category management empowers to apply your knowledge in purchasing to benefit your employer by providing an approach towards reducing the cost of purchasing goods and services, minimising risks within the supply chain, maximising overall value from the supply base and obtaining access to more innovation from suppliers. Studying category management helps you learn such a strategic approach that is focused on the vast majority of your organisational spend. Your capability to apply your category management knowledge across the whole organisation can deliver meaningfully better outcomes as compared to conventional procuring negotiations based on transactions. Having such skills would make you a lucrative talent for retail businesses.

Sustainability in the Supply Chain

Poor sustainability performance is a condition that can considerably slow down the growth of a company as measured in social and environmental impact. In order to manufacture and sell goods, consumer businesses require inexpensive, consistent provisions of natural resources and energy along with the consent of the customers, shareholders, and regulatory bodies in order to do the business. The impact of poor sustainability performance can restrict supply chains of consumer companies, which is why organisations look for with knowledge and experience of sustainability in the supply chain.