DEFINING BUSINESS NEEDS

CIPS L4M2 | DEFINING BUSINESS NEEDS

Defining business needs module, enables you to DEVISE A BUSINESS CASE for requirements to be externally sourced and also makes you UNDERSTAND THE ROLE OF MARKET MANAGEMENT AND COMPETITIVE FORCES as you specify goods and services in procurement and supply.

Video of the week

ARTICLES and Videos

The defining business needs articles and videos are arranged in accordance to the Chartered institute of procurement and supply (CIPS) learning outcome. CLICK HERE TO DOWNLOAD THE COMPLETE SYLLABUS.

LEARNING OUTCOME 1.0:  understanding how to devise a business case for requirements to be sources for external suppliers

1. WHAT ARE BUSINESS NEEDS? (Read)

All businesses have needs and by business needs I mean the gap between the current state of the business and its goals, that is, whatever the business aims to achieve…READ MORE

2. THE ROLE OF PROCUREMENT IN BUSINESS NEEDS (Read)

Changes in business environment and by extension business requirements mean that the role of procurement in business needs has to be given a fresher look less the organization fail to meet its objectives. …READ MORE

3. TYPE OF PURCHASE AND YOUR BUSINESS (Read)

Understanding how buyers or consumers behave is key to the success of your business. This is how you get to increase your sales and that translates to profits. …READ MORE

CHECK OUT MORE ARTICLES 

Past Exam papers 

CLICK TO DOWNLOAD the Latest and earlier past exam papers you need to help you with your revision