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 sustainability, encompassing economic, environmental, social and governance factors on the final sourcing decision.

Module aim(s)

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. The selection of the optimal external suppliers is a vital contributor to overall organisational success. This module enables professionals with roles in procurement and supply to formulate sourcing strategies and selection criteria to ensure that the organisation can make the best choice of external suppliers. This module explains options for sourcing, and examines the key processes that can be applied to the analysis of potential external suppliers to ensure sourcing arrangements meet sustainable, environmental, social and ethical goals.