Revised Syllabus for Professional Examinations

Article Index
REVISION OF SYLLABUS FOR PROFESSIONAL EXAMINATIONS
Getting to Grips with English
PROCUREMENT PRINCIPLES AND METHODS
MARKETING FOR PROCUREMENT AND SUPPLY CHAIN MANAGEMENT
All Pages

3.4 Getting to grips with grammar

Why does grammar matter? What is grammar? How good is your English? The parts of speech in brief, the framework of English, The architecture of the sentence

  • Common problems with English

Subject–verb agreement, Problems with verbs, Problems with adjectives, Problems with adverbs, Problems with pronouns, Problems with prepositions and conjunctions, Problems with ellipsis, Problems with negatives, Revision of grammar.

4.0 QUANTITATIVE STUDIES

MAIN AIM(S) OF THE UNIT

This course introduces the basic concept of quantitative approaches to decision making. It emphasizes the application of a wide variety of quantitative techniques to the solution of business and economic problems. CISCM Mission and Vision are founded upon the Declaration of Human Rights which specifies Education as a human right. CISCM is doing its part by making learning materials, college courses, and academic research Publicly Accessible. This Quantitative Techniques syllabus is open to the public as part of CISCM Open Access Initiative.

4.1 Data Presentation and Collection: Frequency Distribution, Frequency Tables, Discrete or Continuous Data, Histograms, Frequency Polygon, Frequency Curve, Cumulative Frequency Curves, Bar Charts and Pie Charts, Lorenz Curve

  • Central Location and Dispersion: Notation, Measures of Central Location, Normal and Skewed Distribution, Measures of Dispersion, Coefficient of Variation
  • Regression and Correlation: Regression Analysis, Correlation, Spearman’s Coefficient of Rank Correlation, Multiple Regression
  • Time Series and Forecasting: Time Series Analysis, Moving Average, Finding the Trend, Finding and Eliminating the Seasonal Variation, Forecasting: Time Series, Forecasting: Exponential Smoothing
  • Probability: Probability Calculations, Mutually Exclusive Events: OR Rule, Venn Diagrams: Events Not Mutually Exclusive, Independent Events: and Rule, Conditional Probability, Decision Trees, Expected Value Permutations and Combinations
  • Probability Distributions: Normal Distribution, Standard Normal Distribution, Binomial Distribution, Poisson distribution
  • Sampling and Tests of Hypotheses: Types of Sample, Distribution of Sample Means, Central Limit Theorem, Confidence Intervals, Tests of Hypotheses: Principles, Tests of Hypotheses: Practice, Student Distribution

4.2 Index Numbers: Constructing an Index Number, Weighted Aggregate Index Numbers, the Laspeyres (Base-Weighted) Price Index, The Paasche (Current-Weighted) Price Index, The Laspeyers (Base-Weighted) Quantity Index, The Paasche (Current-Weighted) Quantity Index, Changing the Base Year, Price and Quantity Relative Index Numbers, The Retail Price Index (RPI)

4.3Time Value of Money: Simple and Compound Interest, Discounting and Present Value, Investment Appraisal, Depreciation, Annuities and Other Financial Instruments

4.4 Calculus and Business Applications: Differentiation, Turning Points, Rules for Differentiation, Applications of Differentiation, Partial Differentiation, Integration, Linear Programming, Solving the Linear Program: Maximization, Solving the Linear Program: Minimization, Break-Even Analysis

5.0 LOGISTICS AND INVENTORY MANAGEMENT

MAIN AIM(S) OF THE COURSE

This course introduces the concepts of logistics and inventory management.  In the modern global marketplace, companies need to be efficient in relation to the movement of supplies and delivery of the final products. The course explores issues in relation to logistics including value, managing lead time and techniques including just-in-time, and incorporating the role of technology in this 1process. It also provides in-depth analysis of formal stores operations within an organizational setting.

5.1 Logistics & inventory: Definitions, forms of logistical activities, role of the logistics function, stores responsibilities, Position of Stores within the Purchasing & Supply Organization, Relationships with other Departments: Materials Management, Logistics among others.

5.2 Serving the customer: Customer service, Customer service as a link between logistics and marketing, Customer service & customer retention, Setting customer service priorities

5.3 Logistics Costs and managing logistics internationally: types of logistics cost, Drivers & logistics implications of internationalization, Trend towards internationalization, Challenge of international logistics and location, organizing for international logistics, General Tendencies

5.4 Stores operations

Coding of Materials, Advantages of a Coding System, Code Symbols, Interpretation of Codes, Methods of Coding, Self-Validating Codes, Organizing a Materials Vocabulary, Specification, Bar Coding, Variety Reductions, Some Widely Used Coding Systems ,Expediting, Receipts from Suppliers, Transfers from Other Storehouses, Returns from Production or Other Departments, Scrap Arising, Inspection, Vendor Quality Rating, Marshalling Receipts, Receipt of Capital Items Within the Organization , Authorization of Issues, Identification of Requirements, Timing of Issues, Methods of Issuing Stores for Internal Use, Dispatch of Goods outside the Organization , Purpose of Stock Records, Manual Systems, Computerized Systems, Electronic Data Interchange, Current Developments

5.5 Approach to the Provision of Materials: Reasons for Holding Stock Dependent & Independent Demand, Approaches Taken in Production Organizations, Differing Stock Control Needs of Construction, Service & Retail Organizations, the Extent of Stockholdings, Ordering Quantities, Range, Consignment Stocktaking

5.6 Stock Control Techniques: Provisioning, Approaches to Control, Visual Approaches to Control, Programming Deliveries, Ordering Quantities, The Need for Differential Control, ABC Analysis Classification of Stock According to Purpose, Forecasting Demand, The Use of Probability in Inventory Control, The Setting of Recorder Levels, The Provision of Safety Stock, Simulation, Physical Security, Responsibility for Stock, Purpose of Stocktaking, Periodic Stocktaking, Continuous Stocktaking, Stocktaking Procedure, Treatment of Discrepancies, Obsolescence & Redundancy, Stock Checking.

ADVANCED CERTIFICATE IN PROCUREMENT AND SUPPLY CHAIN MANAGEMENT

This level is made up of candidates completing FIVE (5) courses. Upon successful completion candidate, the candidate will be awarded the coveted Advanced Certificate in Procurement and Supply Chain Management.

1.0       DISTRIBUTION AND INFORMATION, COMMUNICATION TECHNOLOGY

MAIN AIM(S) OF THE COURSE

This course introduces students to the key areas of distribution management and how information, communication technology (ICT) contribute to an effective and efficient distribution system through practices such as bar coding, electronic data interchange (EDI) and many other ICT tools available to an organization.

1.1 Distribution management in perspective: Definitions for distribution management, elements of distribution management; (transportation, material handling, customer service, Information and communication technology). Features of good information for physical distribution. The total distribution concept. The role of distribution in supply chain management.

1.2 Customer service and distribution systems: Customer service from different perspectives, the goal of distribution management, devising logistics/distribution strategies for successful customer service, elements of customer service (pre-transactional, transactional and post-transactional elements), performance indicators for good customer service.

1.3 Warehouse and transportation management:

  • Managing internal distribution: Warehouse design flows, activities that enhance warehouse design flows (straight-line flow, principles of stock positioning, efficient materials handling), Live storage, storage system, Evaluate the different types of coding systems, methodology for introducing a new coding system, bar coding, role of bar coding and its likely benefits to an organization, material handling equipment, cost considerations under warehouse management.
  • Transportation: Modes of transportation (air, road, rail, sea, pipeline), arguments for and against the various modes of transports, intermodal transportation, factors to be considered when choosing a particular mode of transportation.

1.4 Role of Information, Communication and Technology in Distribution management:

Modern ICT trends in physical distribution (in areas such as manufacturing, transportation, customer service). ICT tools and systems used in distribution management; (Electronic Data Interchange-EDI, Radio Frequency and Identification-RFID, Global Positioning System-GPS, bar coding, other tracking devices). ICT software’s used in distribution management (Materials Requirement Planning-MRP, Manufacturing Resource Planning-MRP(II), Distribution Requirement Planning-DRP, Enterprise Resource Planning-ERP, Decision Support Systems-DSS,