CIPS Level 4 | Module 2 | Chapter 1 | Part 01
Автор: Supply Chain & Procurement Simplified
Загружено: 2026-02-21
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Title: CIPS L4M2 Chapter 1 | Part 1: How Business Needs Drive Procurement Strategy
Description:
📊 Welcome to the first part of CIPS Level 4 Module 2 (L4M2) Chapter 1!
In this video, we explore the foundation of procurement decision-making: how business needs influence whether we buy, what we buy, and how we buy it.
🔍 What You'll Learn:
The three types of purchases: Straight Re-buy, Modified Re-buy, and New Purchases
Real-world examples of each purchase type (MRO items, consulting services, new product development)
Why sourcing from external suppliers creates both costs AND value
The importance of business cases for major procurement decisions
💡 Key Takeaway:
Understanding your organization's purchasing situation is the first step in developing an effective procurement strategy. Different needs require different approaches!
👍 If you're studying for your CIPS exams or working in procurement, hit LIKE and SUBSCRIBE for more!
#CIPS #Procurement #SupplyChain #L4M2 #BusinessNeeds #ProcurementStrategy
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