Level 6

IoSCM Level 6 - Purchasing Strategy

The IoSCM purchasing academy is dedicated to helping those within the purchasing industry develop and grow their knowledge and expertise. This level 6 qualification means whether you have previously studied a lower level qualification or have experience working as a senior manager, here at IoSCM we can still develop and teach you valuable topics which you can apply to your career/business.

*Through completion of the Introductory Diploma in Purchasing you will receive certification from IoSCM and also a regulated qualification, Level 2 Introductory Diploma in Supply Chain and Operations, via our partnership with SFEDI Awards as the Ofqual regulated Awarding Organisation.

  • Course
    Delivery
  • Course
    Requirements
  • Elective
    Units
  • Optional
    Units
  • Job Title
    & Salaries
  • Business
    Improvements

The Institute of Supply Chain Management’s mission is to offer every professional an invaluable opportunity to progress their career with unique and flexible solutions, designed for the industry, by the industry. 

Approach to Distance Learning

At IoSCM, we offer four main study methods to complete your online supply chain qualification, depending on which approach is the most suitable for the individual. For each learning outcome of your unit, you can decide which route to use in order to pass the criteria. This is IoSCM’s Blended Approach.

Our approach to education allows you to learn in the way you work best, ensuring you feel comfortable throughout your distance learning course. We believe our unrivalled support and unique study routes offers you the best possible chance for success.

  1. Past Experience - with IoSCM, you can use examples of your previous work as evidence that you’ve achieved a specific learning outcome in the past within a past or current job role, submissions are evaluated to correspond with the learning criteria. 

  2. Work Based Learning - you use your current working environment, colleagues and senior management as the foundation of your work. Through observation and and interview, you can then produce a report based on what you’ve learnt. 

  3. Traditional Online Study - our online study materials have been written and produced by our team of industry expert tutors and are entirely online. You can revisit the study guides as often as you need and contain self-assessment tests and feedback.

  4. Research and Reference - we also accept a learner’s own research in order to pass units. You may choose this particularly academic approach to achieve learning outcomes if you’re familiar with writing structured, formal assignments and referencing your work.

Support Package

IoSCM deliver unrivalled support from the very first phone call. Students are vital to our mission and we’re passionate about success. Therefore IoSCM students will receive unlimited access to a dedicated support team assigned to them upon enrolment.

The team will include a Student Support Liaison, who will be your key contact throughout your distance learning journey. Offering guidance, support and advice throughout, your support liaison's main aim is to remain informed of your progress, provide motivation and maintain regular contact with you.

IoSCM’s Tutor Team are an amalgamation of some of the industry’s finest talent. All experts within their field, the team provide preparation for each module, assistance with your assignment and support you during each unit. Our experts contribute enormously to the success of IoSCM’s students, with thanks to their extensive experience and remarkable careers.

For any further enquiries or questions, such as learning to use the IoSCM Gateway platform or queries about enrolment, study materials and your certificate of qualification, IoSCM work endlessly to ensure a smooth an successful supply chain course.

IoSCM’s support package is distinctive and unique, your assigned team can be approached for one to one sessions, or communicate to them via email, on the phone, through Whatsapp, Skype, Facetime and SMS.

Membership

Becoming a Member of the Institute of Supply Chain Management provides students and businesses with access to a range of services designed to support professional development and maintain high standards within the industry. Our network is worldwide, allowing you to build professional relationships, share experience and expertise with other professionals and organisations on a global scale.

Guarantee

IoSCM are honoured to hold a reputation as an influential institution representing the supply chain. Renowned for the quality, expertise and talent behind our qualifications, we’re determined to continue our success. Which is why we strive to preserve our impressive 98% pass rate with an unrivalled support package for every professional.

IoSCM are confident in the standard of our supply chain qualifications, the delivery of our curriculum and the support from tutors and mentors combined with your hard work; we know it will lead you to success, first time around. So much so, that we can guarantee that if you are unsuccessful in the passing of your course, we will offer you a second opportunity to achieve your qualification free of charge

 

 

IoSCM want to be responsible for the standard of skills required in the industry. Ensuring that people are given the opportunities to succeed and businesses are boosted due to our qualifications. If you’d like to know more about our qualifications in supply chain, manufacturing and production, logistics and transport or management, speak to our highly trained Course Advisors today. The IoSCM team is highly-trained to understanding you, your abilities and the best approach for each course depending on your experience, call us now on 0800 1422 522.

Your journey starts with us.

 

  • For the Award complete 1 elective unit
  • For the Certificate complete 1 elective and any 2 other units
  • For the Diploma complete 1 elective unit and any other 3 units

Strategic Management Principles

  • Strategic Management: Concepts of strategic management, Process of strategic management, Values, vision and mission statement, Influences of strategy formation, Porters five forces
  • Formulate organisational strategy: Business and corporate strategy, Business and corporate level strategy, Competitive advantage, Influence of markets, Suitability, feasibility and acceptability
  • Strategic effects of organisation plan: Organisational strategic plan, Statements, values and objectives
  • Communicate organisational plan: Stakeholder analysis and engagement, Communication

Global Procurement in the Supply Chain

  • Objectives for a procurement strategy: Strategic procurement, Collaborative procurement, Supplier Relationship Management, Procurement principles, Public and private sector, Ethical implications, Best practice, Legal and statutory requirements
  • Effectiveness of a procurement strategy: Responsibility procurement, The value chain, Supply chain mapping, Contract documents, Long term strategic sourcing documents, Measuring success, Value analysis, value engineering & value management
  • Selecting effective procurement methods: Procurement methods, Tendering process, Evaluating supplier performance, Cost effectiveness, Achieving results, Risk, PESTLE analysis

Optional Units A

Leadership and Enterprise

  • The relationship between management and leadership: What is Leadership, What is Management, Leadership and Management Styles, The impact of different styles of Leadership and Management on staff
  • Effective leadership: The relationship between leadership style and leadership behaviour, The importance of context on leadership styles and qualities
  • Theories of management and leadership in organisational contexts: Leadership and Management Theories, The impact of leadership in an organisation based on Leadership theories
  • How to advise on the management and leadership skills required for selected roles in an organisation: Methods to identify the skills required for leadership of a given role in an organisation, Styles of leadership that are suitable to the role and appropriate to the culture in an organisation, Evaluations of recommended leadership skills required for a given role in an organisation
  • The enterprise culture and the characteristics of different entrepreneurs: The enterprise culture in a business, Advantages and Disadvantages of developing an enterprise culture in a business, The key attributes, decisions, business achievements, public personas and approaches to enterprise culture that have defined prominent entrepreneurs, and their effects upon the business, The concept of intrapreneurship and its effect upon the business, The factors which militate against an enterprise culture, The role of information and communications technology (ICT) in supporting entrepreneurship and business development

Corporate Finance

  • The role of the Corporate Finance Manager and its main links to business objectives including mergers and acquisitions: The role and business objectives of the finance manager; The regulatory environment in which the finance manager; City Code on Takeovers and Mergers; The main justifications for and dangers of, mergers and takeovers
  • The main sources of debt and equity funding and the significance of financial gearing: The process for gaining a listing on the Official List or the Alternative Investment Market; The role of different advisors in gaining a listing on the Official List or the Alternative Investment Market; The sources of equity finance available to an unquoted company; The differences between ordinary shares, preference shares, rights issues and scripts; The main sources of debt finance available to any size of business; The significance, advantages and dangers of different levels of financial gearing
  • How to evaluate investment decisions using a variety of appraisal techniques: The principles of accounting rate of return, payback, net present value (NPV), Profitability Indices, and the internal rate of return (IRR); The influence of risk in the investment appraisal process
  • The main methods for valuing company shares: The share value of a business based on net asset value (NAV), price earnings (PER), free cash flow and dividend; The qualities of a business that are likely to influence the share value; The main accounting ratios that can be applied to organisations
  • The factors that determine a company’s dividend policy: The effects of dividends on shareholder wealth and the main dividend policies that companies may adopt including constant dividends, increasing dividends, zero dividends and fixed percentage dividends; The main dividend policy theories including: irrelevance (Modigliani and Miller - MM) and relevance theories; The main alternatives to cash dividends
  • The concept of the cost of capital of a business: The cost of equity share capital; The cost of debt capital; The weighted average cost of capital and its usefulness
  • The different elements of treasury and working capital: The main areas of treasury and working capital; Calculate the working capital cycle and the cash conversion or operating cycle; Calculate, from a given set of figures, a working capital decision on any of the areas of working capitall Overtrading and its symptoms

Change Management

  • Change management in organisations: Models of change management; The relevance of models of change management to organisations in the current economy
  • The issues relating to change in organisations: The need for change in an organisation; The factors that are driving the need for change in selected organisations; The potential barriers to the process of change in an organisation
  • Proposals for change in an organisation: Areas for change in an organisation; How to develop an appropriate model for change in an organisation; How to prepare a plan for implementing change in an organisation, including resource requirements; The appropriate methods of communicating a proposal for change to relevant stakeholders in an organisation
  • How to manage the change process: The appropriate measures to monitor and evaluate the progress of change in an organisation

Business Research

  • Philosophies and approaches: Types of research; Validity and relevance; Research paradigms; Research philosophy; Research approaches
  • Plan project reports: Business reports; Topic selection; Approaches and strategies; Literature reviews; Formulation; Project specifications
  • Research: Research ethics; Research process
  • Compare research outcomes with specifications: Types of evaluation
  • Present report: Style and structure; Structure of report; Presentation

Optional Units B

Strategic Business Planning in Supply Chain Operations

  • Understand the development of a strategic business plan: Planning, Strategic management, Business planning, Innovation and creativity, Components of a business plan, Strategic objectives, Risk, Delegation
  • Develop a strategic business plan: Establish a clear vision and strategic objectives, Risk assessment, Market developments in own sector, Customer base needs and expectations, Market analysis, Colleague and stakeholder expectations, Consultation, Resource allocation, Monitor achievement of objectives

Quality Management

  • Quality management systems: Definition of quality, Quality management techniques
  • Advantages of quality management systems: Total quality management, Organisation wide processes, Achieving customer satisfaction
  • Tools and techniques: Quality control, Flowcharts and diagrams, Available resources, Standardisation, Troubleshooting, Failure modes, Effects analysis, Six Sigma
  • Improve organisational performance: Continuous improvement, Steps to quality improvement, Standardisation, Total quality management, Suggestion schemes, Communication and barriers to communication
Retail Area Manager£29,000 - £45,000
Procurement Change Manager£45,000 - £88,000
  • Develop an understanding of People Productivity in order to reduce the impact of staff changes and increase productivity and efficency
  • Develop your understanding of Total Quality Management and help reduce scrap costs, re-work etc. By doing this, you will not only reduce the amount of defects, staff morale will improve along with customer satisfaction

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