The CIPS L6M1 exam is a comprehensive assessment designed to evaluate your understanding of key topics in procurement and supply chain management. It covers a wide range of areas, including strategic sourcing, contract management, supplier relationship management, and sustainable procurement practices. Throughout your exam preparation journey, you'll delve into the intricacies of each topic, exploring real-world scenarios and best practices. Strategic sourcing, for instance, involves identifying and securing the most suitable suppliers to meet your organization's needs, ensuring cost-effectiveness and quality. Contract management focuses on drafting, negotiating, and executing contracts to protect your organization's interests and ensure compliance. Supplier relationship management emphasizes building and maintaining strong partnerships with suppliers, fostering collaboration and mutual benefit. Sustainable procurement practices, on the other hand, prioritize environmental and social responsibility, ensuring ethical and eco-friendly sourcing decisions. By mastering these topics, you'll not only excel in the exam but also enhance your professional skills and contribute to the success of your organization's procurement and supply chain operations.
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SIMULATION
Discuss supplier due diligence in relation to the case study below. How and why should it be implemented? (25 points)
Delicious Ltd is a cake manufacturing organisation with complex supply chains. They are based in the UK and source raw ingredients such as sugar and flour internationally. They use over 20 different suppliers, many of whom are in the commodities industry and some from low-cost countries.