--- title: Achieving Competitive Advantage Through the Supply Chain [L5M7]© CIPS-001 description: On completion of this module, learners will be able to assess a range of processes that support the achievement of competitive advantage and improvements in organisational performance through its supply chain. image: https://blog.fhyzics.net/hubfs/Achieving%20Competitive%20Advantage%20Through%20the%20Supply%20Chain%20%5BL5M7%5D.jpg --- ![Fhyzics-logo](https://blog.fhyzics.net/hs-fs/hubfs/Fhyzics-logo.png?width=100&name=Fhyzics-logo.png "Fhyzics-logo") ![Fhyzics-logo](https://blog.fhyzics.net/hs-fs/hubfs/Fhyzics-logo.png?width=100&name=Fhyzics-logo.png "Fhyzics-logo") [![Request Quote](https://no-cache.hubspot.com/cta/default/3112120/9f3d168c-6bf2-4090-8529-bd721423c14e.png)](https://cta-redirect.hubspot.com/cta/redirect/3112120/9f3d168c-6bf2-4090-8529-bd721423c14e) [![Click me](https://no-cache.hubspot.com/cta/default/3112120/717ff434-4d3d-4712-819e-dccb5a46efda.png)](https://cta-redirect.hubspot.com/cta/redirect/3112120/717ff434-4d3d-4712-819e-dccb5a46efda) ![hero-img1](https://cdn2.hubspot.net/hub/5152923/hubfs/Creative_Theme/image/hero-img1.jpg?width=1810&name=hero-img1.jpg "hero-img1") - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/achieving-competitive-advantage-through-the-supply-chain-l5m7&title=Achieving%20Competitive%20Advantage%20Through%20the%20Supply%20Chain%20[L5M7]©%20CIPS-001&description=On%20completion%20of%20this%20module,%20learners%20will%20be%20able%20to%20assess%20a%20range%20of%20processes%20that%20support%20the%20achievement%20of%20competitive%20advantage%20and%20improvements%20in%20organisational%20performance%20through%20its%20supply%20chain.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/achieving-competitive-advantage-through-the-supply-chain-l5m7&text=Achieving%20Competitive%20Advantage%20Through%20the%20Supply%20Chain%20[L5M7]©%20CIPS-001%20-%20https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/achieving-competitive-advantage-through-the-supply-chain-l5m7) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/achieving-competitive-advantage-through-the-supply-chain-l5m7&title=Achieving%20Competitive%20Advantage%20Through%20the%20Supply%20Chain%20[L5M7]©%20CIPS-001&summary=On%20completion%20of%20this%20module,%20learners%20will%20be%20able%20to%20assess%20a%20range%20of%20processes%20that%20support%20the%20achievement%20of%20competitive%20advantage%20and%20improvements%20in%20organisational%20performance%20through%20its%20supply%20chain.) 22 April 2020 Wednesday ## Achieving Competitive Advantage Through the Supply Chain [L5M7]© CIPS-001 By [Venkadesh Narayanan](https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/author/venkadesh-narayanan) In: [CIPS](https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/tag/cips) **0** Comments **Module Purpose ** On completion of this module, learners will be able to assess a range of processes that support the achievement of competitive advantage and improvements in organisational performance through its supply chain. **Module Aim** Competitive advantage is associated with the processes and procedures that an organisation has at its disposal to outperform its competitors. Many organisations see their supply chains as a significant source of achieving competitive advantage. It is therefore important that those with responsibility for managing the supply chain have a clear understanding of the approaches and techniques that are available to leverage the supply chain to achieve competitive advantage. This module is designed for such managers responsible for formulating plans and approaches to achieve competitive advantage for their organisations through the supply chain. [![CIPS Level-4 Certification and Training or Course-0002](https://blog.fhyzics.net/hs-fs/hubfs/CIOP%20Banner.jpg?width=5000&name=CIOP%20Banner.jpg)](https://pages.fhyzics.net/ciop) Certified Inventory Optimization Professional CIOP is a global supply chain management and inventory management certification program exclusively developed for corporations to optimize the inventory in their supply chain. CIOP teaches the global best practices in 30 modules over 90 hours of live, faculty-led, online training. It is founded on Inventory Management Body of Knowledge (IMBoK) version 3.0. CIOP is a comprehensive program includes training, reference material, Learning Management and Assessment System (LMAS), examination and certificate. The LMAS contains classroom presentations, classroom notes, video lessons, audio lessons, quizzes, reference materials, terminologies and articles recommended by faculty. The CIOP Examination is 3 hours, online, proctored examination with 180 multiple-choice questions. The participant needs to secure 70% of the maximum score (360 marks) to pass in the examination. You can learn more about the CIOP certification in the below links: CIOP Website: [https://pages.fhyzics.net/ciop](https://pages.fhyzics.net/ciop)  Faculty Profile: [https://pages.fhyzics.net/principal-consultant](https://pages.fhyzics.net/principal-consultant) > [Click here](https://share.hsforms.com/1WiInHtVRRc-bC6fbsMaFHg1upbs) to request quote for the CIOP certification program. **![CIPS Level-4 Certification and Training or Course-0003](https://blog.fhyzics.net/hs-fs/hubfs/CIOP%20Border.jpg?width=5000&name=CIOP%20Border.jpg)** *Fhyzics Business Consultants is an Approved Study Centre of Chartered Institute of Procurement and Supply (CIPS), UK and offering all the modules under Level-2, Level-3, Level-4, Level-5, and Level-6. During this current COVID-19 pandemic, the classes are offered in distance and self-study modes. For more questions related to our CIPS programs, please speak to our Manager-Certifications at +91-900-304-9000 or email at certifications@fhyzics.net.* > Online, Instructor-Led Training Program on Achieving Competitive Advantage Through the Supply Chain [L5M7] Module of Advanced Diploma in Procurement and Supply, CIPS, UK [**![CIPS Level-4 Certification and Training or Course-0005](https://blog.fhyzics.net/hs-fs/hubfs/CIPS%20Online%20Courses.jpg?width=150&name=CIPS%20Online%20Courses.jpg)**](https://smbcart.com/collections/supply-chain-certification/products/cips-level-5-online-instruction-one-module) **Mode of Delivery:** Online **Mode of Teaching**: Using the Presentation Deck from CIPS, UK **Duration**: 3 Hours **Faculty**: Venkadesh Narayanan, CIPS Recognized Instructor **Reference Material**: L5M7 Study Guide **Level-5:** Advance Diploma in Procurement and Supply [![CIPS Level-4 Certification and Training or Course-0004](https://blog.fhyzics.net/hs-fs/hubfs/achieving-competitive-advantage-through-the-supply-chain.jpg?width=255&name=achieving-competitive-advantage-through-the-supply-chain.jpg)](https://smbcart.com/collections/cips-level-5/products/l5m7-achieving-competitive-advantage-through-the-supply-chain-elective-ebook) [![CIPS Level-4 Certification and Training or Course-0006](https://blog.fhyzics.net/hs-fs/hubfs/ebook-CIPS%20%20Online%20Books.jpg?width=169&name=ebook-CIPS%20%20Online%20Books.jpg)](https://smbcart.com/collections/cips-level-5/products/l5m7-achieving-competitive-advantage-through-the-supply-chain-elective-ebook) # Achieving Competitive Advantage Through the Supply Chain - LEARNING OUTCOMES **1.0 Understand the dynamics of supply chains** **1.1 Compare supply chains, supply network and supply chain management** • Defining supply chains, supply networks and supply chain management • The use of supplier tiering and network sourcing **1.2 Analyse the added value that effective supply chain management can deliver for the organisation** • Improving quality • Reducing prices and total costs • Reducing time to market and achieving deliveries to required timescales • Creating innovation • Reducing risk and supply chain vulnerability **1.3 Analyse the relationship between organisational infrastructure and process management in supply chain management** • Theoretical perspectives on added value • Aspects of organisational infrastructure: culture, organisational structure and systems • Process management: the sourcing process in procurement and managing stages of the process • Process mapping techniques • Value chain analysis **1.4 Compare approaches to improving supply chains ** • The spectrum of relationships in a supply chain • The collaborative model of supply chain management: partnering and strategic relationship management • The competitive model of supply chain management • The outsourcing of work or services • Off shoring, global procurement and low cost country sourcing **2.0 Understand improvement methodologies that can be used in supply chains** **2.1 Compare approaches to total quality management for supply chain improvemen**t • Defining quality and total quality management • Approaches to quality: quality inspection, quality assurance and total quality • Quality versus risk • The importance of relationships in quality management **2.2 Analyse the use of statistical methods to achieve supply chain improvement** • Collating data for performance measurement • Developing key performance indicators (KPIs) on aspects of supply performance • Analysing data and an introduction to statistics • The use of the normal distribution • Developing statistical process control • The 6 sigma improvement methodology • Creating continuous improvement **2.3 Critically appraise processes that can be used for supply chain improvement** • Just-in-time (JIT) supply processes • The application of JIT in the service sector • The development of lean thinking and lean supply • Lean thinking compared with agile • The 5S methodology **2.4 Examine how business process re-engineering (BPR) and benchmarking can be used for supply chain improvement** • The development of business process re-engineering (BPR) • BPR in contrast to total quality • The use of benchmarking in supply chains **3.0 Understand measures required to achieve competitive advantage in supply chains** **3.1 Evaluate sources of competitive advantage** • Competitive advantage based on lowest cost of supply • Competitive advantage achieved through sources of differential advantage such as innovation, range of products, brand image and customer care **3.2 Analyse pricing arrangements that can be used to achieve competitive advantage in the supply chain** • The use of fixed pricing, variable pricing and cost plus arrangements • The use of open book costing and cost transparency • The use of incentivisation in pricing and gain share (risk/reward) mechanisms **3.3 Analyse cost reduction activities for a supply chain to achieve competitive advantage** • Supplier rationalisation and aggregation of requirements • The risks and benefits associated with single sourcing arrangements • Negotiating reductions in prices and costs • Collaborative and competitive models of supply • Value analysis and value engineering **3.4 Assess methods to promote greater collaboration in supply chains to support the achievement of competitive advantage** • Strategic versus operational suppliers • Creating partnership sourcing arrangements • Building trust with suppliers • The relationship life cycle --- ***Keywords: **eprocurements, e procurement, procurement, purchase, purchase order, purchase order format, e procurement tenders, purchase meaning in hindi, e procurement tata steel, purchase meaning, ntpc eprocurement, defence eprocurement, e procurement tatasteel, central e procurement, po system, govtprocurement, iocl e procurement, cg e procurement, bpcl eprocurement, 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Written by [Venkadesh Narayanan](https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/author/venkadesh-narayanan) Venkadesh is a Mechanical Engineer and an MBA with 30 years of experience in the domains of supply chain management, business analysis, new product development, business plan and standard operating procedures. He is currently working as Principal Consultant at Fhyzics Business Consultants. He is also serving as President, PDMA-India (an Indian affiliate of PDMA, USA) and Recognised Instructor of APICS, USA and CIPS, UK. He is a former member of Indian Civil Services (IRAS). Fhyzics offers consulting, certification, and executive development programs in the domains of supply chain management, business analysis and new product development. - [**](https://www.linkedin.com/in/venkadesh/) PREVIOUS POST [** Category Management [L5M6]© ](https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/category-management-l5m6) [![](https://cdn2.hubspot.net/hubfs/5152923/Creative_Theme/image/chevron.png) ](https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips) Next Post [Project and Change Management [L5M8]© **](https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/project-and-change-management-l5m8) ## Leave a Reply [Content Title](https://blog.fhyzics.net/chartered-institute-of-procurement-and-supply-cips/achieving-competitive-advantage-through-the-supply-chain-l5m7#) Description [![Cerversity](https://blog.fhyzics.net/hubfs/Cerversity.png "Cerversity")](https://pages.fhyzics.net/certversity) [![CIOP](https://blog.fhyzics.net/hubfs/CIOP.png "CIOP")](https://pages.fhyzics.net/ciop) [![IMBoK - 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