Logistics Management Multiple Choice Questions (I) Computer Base Exams
- Teacher: Selasi Attipoe-Fittz
Moodle
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This is an elective module in the Advanced Diploma.
Module purpose: On completion of this module learners will be able to examine the key stages of the negotiation process and the influence of relationships and ethics on the process. They will also assess the methods and behavioural factors which can influence others.
Module aim: Those involved in procurement and supply activity will create and manage formal agreements which will be critical to organisational success. Part of the developmental process for such agreements will rely upon effective negotiations with stakeholders and/or suppliers and also the ability to influence the individuals and groups involved.
This module is designed for those managers who may be faced with preparing for and completing negotiations.- Teacher: System Administrator
MODULE (L5M10) LOGISTICS MANAGEMENT
Module Content Overview
This is an elective module in the Advanced Diploma.
Module purpose: On completion of this module, learners will be able to understand the concepts of logistics management that link to the efficiency and effectiveness of the supply chain and explain plans, designs, processes and systems for the improved control or improvement of supply chain logistics.
Module aim: In order to ensure success an organisation must create and adopt processes that ensure the consistent delivery of products and/or services that meet customer demand, both in terms of quantity and quality. This is the responsibility of those who manage the supply chain logistics function.
This module is designed to enable those involved in procurement and supply to assess techniques that are aimed at improving supply chain logistics to the overall benefit of the organisation.
- Teacher: System Administrator
MODULE (L5M5) MANAGING ETHICAL PROCUREMENT AND SUPPLY
Module Content Overview
This is a core module in the Advanced Diploma.
Module purpose: On completion of this module, learners will be able to explain the impact of and initiatives to improve, sustainability and the managerial approaches to promote ethical practices in procurement and supply.
Module aim: The global economy and the associated advantages of sourcing from a global base of suppliers requires organisations to be prepared to address the ethical challenges that such approaches may present to their procurement and supply activity. Similarly, the concept of sustainability and its impact on the supply chain should not be underestimated as organisations strive to be seen to play their part in the global agenda.
This module is designed to give those who have managerial responsibility for the procurement and supply function an understanding of the impact of ethics and sustainability on the supply chain, and the opportunity to analyse initiatives to improve practice and ensure organisational compliance with international standards in respect of ethical and sustainable procurement and supply chain management.
- Teacher: System Administrator
Module purpose: On completion of this module, learners will be able to appraise a variety of tools and techniques to establish the level of risk in supply chains and to recommend and apply ways of avoiding, mitigating or managing risk.
Module aim: Risk management is a central part of an organization’s strategy. It is a process whereby the organisation will identify, record and then address the risks associated with their activities with the aim of driving out or controlling those risks to the overall benefit of organisational efficiency and effectiveness. The supply chain is by its very nature a complex activity which is therefore susceptible to risk and its associated impacts.
This module is designed to enable learners to examine the nature of supply chain risk and to evaluate mitigation techniques which are available to them as they deal with the associated challenges. They will undertake risk analysis and consider the advantages of a risk register as they apply a range of appropriate risk management tools and techniques to the supply chain.
- Teacher: System Administrator
MODULE (L6M9) SUPPLY NETWORK DESIGN
Module Content Overview
This is an elective module in the Professional Diploma.
Module purpose: On completion of this module learners will be able to assess the strategic nature, influence and contribution of supply network design and operations to overall business strategy and assess the strategic value of resource planning and control.
Module aim: Every organisation is part of a wider interconnected network of other businesses and organisations; this is termed the supply network. At a strategic level the design and leadership of such networks is crucial to the effectiveness and efficiency of the associated supply chains, it is the operations processes which form a fundamental element of an organisation’s strategic advantage. If materials and/or information are to flow smoothly through the supply network and add value as a result, effective resource planning and control are essential to organisational success.
This module is designed for procurement and supply leaders who require knowledge and understanding of the concept of the strategic supply network, its configuration and influence and be able to assess the impact of operational strategy and resource planning and control.
- Teacher: System Administrator
Module Content Overview
This is a core module in the Professional Diploma.
Module purpose: On completion of this module, learners will be able to evaluate the changing needs and requirements for the procurement and supply function and assess the future challenges for the profession.
Module aim: The volatile global environment poses a threat to traditional concepts of international trade and presents strategic challenges to the procurement and supply function and profession. Strategic procurement and supply leaders require knowledge of the present challenges for their function and profession, and prepare themselves for the future strategic challenges that they will undoubtedly be faced with.
This module is designed to challenge procurement and supply leaders to look ahead and to consider the future strategic challenges for them and their profession.
- Teacher: System Administrator
MODULE (L4M8) PROCUREMENT AND SUPPLY IN PRACTICE
Module Content Overview
This is a core module in the Diploma in Procurement and Supply
Module purpose: On completion of this module, learners will be able to demonstrate the practical application of the key elements of the procurement cycle in an integrated manner, within a workplace context.
Module aims: Procurement is the business function that ensures identification, sourcing, access and management of external resources that an organisation needs or may need to successfully fulfil its strategic objectives. It exists to explore supply market opportunities and to implement resourcing strategies that deliver the best possible supply outcomes to the organisation, its stakeholders and customers. In today’s volatile global trading environments, it is not enough for procurement and supply professionals to simply know the theory behind their profession; they must also be in a position to confidently and effectively apply that knowledge to the benefit of the whole organisation, its stakeholders and customers.
This module is designed to test the practical application of procurement and supply concepts and ideas within the practical environments which professionals are expected to perform.
- Teacher: System Administrator
MODULE (L4M7) WHOLE LIFE ASSET MANAGEMENT
Module Content Overview
This is a core module in the Diploma in Procurement and Supply
Module purpose: On completion of this module, learners will be able to explain methods of inventory storage and control and analyze the concept of whole life cost from concept through to disposal.
Module aims: Whole life costing takes into account the total cost of a product or service over its lifetime, from concept through to disposal including purchase, hire or lease, maintenance, operation, utilities, training and disposal. Hence, it is important for those involved in the procurement and supply function to take all these elements into consideration when making decisions and comparing the costs of buying, renting or leasing equipment. In most cases the purchase costs are a small proportion of the cost of operating it. Although costly, there are numerous reasons why organisations elect to hold inventory. The management and control of such inventory is therefore vital to organisational success.
This module is designed for those who will have responsibility for the whole life management of assets and enables learners to analyze methods for inventory movement and control and to analyze the concept of whole life cost.
- Teacher: System Administrator
MODULE (L4M6) SUPPLIER RELATIONSHIPS
Module Content Overview
This is a core module in the Diploma in Procurement and Supply
Module purpose:
On completion of this module, learners will be able to analyse the dynamics of supplier relationships, examine the processes and procedures for working with stakeholders and appreciate the concept of partnering.
Module aims: In any organisation, a significant element of the procurement and supply function is based around decisions to source activity from external suppliers. Once agreements have been established the relationship established with the supplier is paramount to overall success. At its highest-level outsourcing can take the form of a partnership or joint venture.
This module is designed for those who have responsibility for maintaining and managing relationships with stakeholders and suppliers and for those who may be faced with establishing and developing formal partnerships.
- Teacher: System Administrator
MODULE (L4M5) COMMERCIAL NEGOTIATION
Module Content Overview
This is a core module in the Diploma in Procurement and Supply
Module purpose: On completion of this module learners will be able to identify approaches to successfully achieving negotiated commercial agreements with external organisations.
Module aims: The creation of formalised agreements is a critical part of the success of any organisation. Those involved in procurement and supply activity will therefore be able to effectively negotiate with stakeholders and/or suppliers and to understand the methods associated with preparing for and carrying out commercial negotiations.
This module is designed for those who are faced with negotiations. It enables the learner to analyse approaches to the negotiation of agreements made with external parties, how to prepare for them and what techniques are available to ensure successful outcomes.
- Teacher: System Administrator
MODULE (L4M4) ETHICAL AND RESPONSIBLE SOURCING
Module Content Overview
This is a core module in the Diploma in Procurement and Supply
Module purpose: On completion of this module, learners will be able to explain the options and associated processes available for sourcing with external suppliers. They will also examine the legal and ethical impact and the implications of corporate social responsibility, on the final sourcing decision.
Module aims: In any organisation, a significant element of procurement and supply activity is based around decisions to internally conduct activity or to source from an external supplier. Hence, the selection of the correct external suppliers is a vital contributor to overall organisational success.
This module enables personnel with roles in procurement and supply to formulate selection criteria and sourcing strategies to ensure that the organisation will make the correct choice of external suppliers. It explains options for sourcing and examines the key processes that can be applied to the analysis of potential external suppliers and to ensure the development of ethically and socially responsible sourcing agreements.
- Teacher: System Administrator
MODULE (L4M2) DEFINING BUSINESS NEED
Module Content Overview This is a core module in the Diploma in Procurement and Supply
Module purpose: On completion of this module, learners will be able to devise a business case for requirements to be externally sourced and will understand the role of market management and competitive forces as they specify goods and services in procurement and supply.
Module aims: The development of a business case and the ability to analyse markets are key if an organisation is to successfully source activity from external suppliers. Similarly, the clear definition of specifications for through life contracts is crucial to overall business achievement.
This module is designed for those who are expected to analyse, interpret and evaluate information on the different types of markets utilised by procurement and supply. It explores a variety of elements that underpin the development of business cases and specifications and considers the options that should be explored when procurement and supply personnel are involved in defining requirements.
- Teacher: System Administrator
MODULE (L4M3) COMMERCIAL CONTRACTING
Module Content Overview
This is a core module in the Diploma in Procurement and Supply
Module purpose: On completion of this module, learners will be able to describe the key elements and legal aspects of formal commercial contracts and analyse and interpret the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers.
Module aims: In any organisation, a significant element of the procurement and supply function is based around the contracting process. If they are to be successful, contracts must be clearly defined, be cognisant of legal requirements and contain key clauses and terms.
This module is designed for those working in the procurement and supply field, or those who have responsibility for the development of legally binding contracts with suppliers.
- Teacher: System Administrator
This is a core module in the Diploma in Procurement and Supply
Module Purpose:
On completion of this module, learners will be able to identify the key stakeholders in the
application of the sourcing process and analyse the procurement cycle, evaluating the influence that
procurement and supply has as a source of added value for the organisation.
Module aims:
In any organisation, a significant proportion of costs are accounted for by the purchases of
products and/or services, hence organisations see procurement and supply as a key contributor to their valueadded strategies. Equally, any organisation will also be managing the supply of products and/or services to
their customers, be they internal or those from other external organisations, consumers or the general public.
This module is designed using the CIPS Procurement Cycle as its basis. It will provide those who are interested in developing an informed awareness of different perspectives or approaches within the discipline, an overview of the key stages associated with procurement and supply and will serve as an introduction for those who are expected to address complex well-defined procurement and supply problems that are nonroutine in nature.
The module also serves as the initial study for learners who are embarking on the CIPS Level 4 Diploma in
Procurement and Supply, hence coverage is limited to the definition of concepts and ideas as well as to the
terminology used in procurement and supply, rather than detailed analysis, evaluation and practical
application which will be a feature of later CIPS level 4 modules.
Final overall knowledge and skills: the holder of the Diploma in Procurement and Supply will
demonstrate
- Teacher: System Administrator