CIPS L5 Advanced Diploma

L5M4 Advanced Contract and Financial Management

On-demand tuition provides access to a full suite of our excellent teaching materials, and importantly a pre-recorded tutor explanation of all theory split into convenient small sections. You can access these resources whenever you desire, from everywhere, with tutor support being provided as required.

On completion of this module, learners will be able to develop measures to ensure and improve contract performance as they assess the concept and use of strategic sourcing and also consider financial aspects that may impact procurement and supply activity.

Course curriculum

  • 1

    Course Preview and Explanation

  • 2

    Chapter 1 - Understand and apply tools and techniques that can be used to measure and develop contract performance in procurement and supply

    • Chapter 1 - Session Notes

    • LO1.1| Assess the use of key performance indicators (KPIs)

    • LO1.2| Evaluate methods of measuring and improving supply chain

    • LO1.3| Examine approaches available for supplier development

    • LO1.4 – Assess innovative measures to improve the supply chain
  • 3

    Chapter 2 - Understand and apply the concept of strategic sourcing

    • Chapter 2 - Session Notes

    • 2.1 – Assess the market factors that influence strategic sourcing

    • LO2.2 – Examine the assessment of sourcing option for strategies supplies of products and/or services

    • LO2.3 – Analyse a strategic assessment plan for a key supplier using modelling and analytical techniques
  • 4

    Chapter 3 - Understand and apply financial techniques that affect supply chains

    • Chapter 3 - Session Notes

    • LO3.1 – Analyse how costs and finance can impact on supply chains

    • LO3.2 – Critically assess methods for managing the volatility of currencies in supply chains

    • LO3.3 – Analyse methods for managing the volatility of commodities in supply chains
  • 5

    Chapter 4 - Analyse and apply financial and performance measures that can affect the supply chain

    • Chapter 4 - Session Notes

    • LO4.1 – Assess financial measures that can be applied to measuring the performance of the supply chain

    • LO4.2 – Examine the impact of stakeholder feedback on the supply chain strategy

    • LO4.3 – Analyse approaches to benchmarking that can be applied to measuring the performance of the supply chain
  • 6

    Practice Questions

    • Sesssion Notes

    • everywheresupplychain Practice Questions

    • CIPS Practice Questions