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CM74 - Graduate Certificate in Procurement Innovation

Overview

Course Overview

The Graduate Certificate of Procurement Innovation is designed to equip you with advanced procurement skills and knowledge essential for success in private and public sector environments. The course is structured to delve into key components crucial for procurement excellence, including strategic planning, process probity and integrity, advanced evaluation and contract management, leading innovation, and value delivery.

At the core of the course lies an in-depth exploration of strategic procurement planning, emphasising the development of effective sourcing strategies aligned with organisational objectives. You will gain insights into integrating cutting-edge technology and data analytics into procurement planning, enabling you to stay ahead in today's dynamic business landscape.

A paramount focus of the course is on instilling ethical standards and transparency in procurement processes. You will learn to navigate legal and regulatory frameworks governing private and public sector procurement while also understanding the significance of building and maintaining stakeholder trust through accountable practices.

Advanced evaluation techniques and contract management strategies form another crucial aspect of the curriculum. You will master comprehensive supplier evaluation methodologies and advanced negotiation techniques, ensuring optimal performance and risk mitigation throughout the procurement lifecycle.

Moreover, the course equips you with the skills to lead innovation within procurement teams, fostering a culture of continuous improvement and value creation. You will learn to balance value creation with cost efficiencies and leverage advanced procurement methods to enhance organisational value.

In today's rapidly evolving market, adaptability is key. The course addresses the dynamic nature of sourcing by exploring agile strategies to adapt to changing market conditions. You will also learn to maximise value creation beyond traditional cost-saving measures, incorporating sustainability and social responsibility into your sourcing decisions.

Upon completing the Graduate Certificate of Procurement Innovation, you will emerge equipped with the knowledge and skills needed to lead procurement initiatives in diverse organisational settings. You will possess the expertise to drive innovation, navigate complex landscapes, and contribute to organisational success through ethical practices, positioning yourself as an invaluable asset in today's competitive job market.

Career Information

Procurement Professionals: Individuals already working in procurement or related roles who want to deepen their understanding of advanced procurement strategies, innovation, and value creation.

Supply Chain Managers: Professionals involved in supply chain management who seek a comprehensive understanding of procurement dynamics, especially those related to innovation and value delivery.

Mid-Career Professionals: Individuals with several years of experience in procurement or related fields looking to advance their careers into leadership positions with a focus on innovation and strategic value creation.

Business Leaders and Executives: Executives and leaders interested in gaining insights into how procurement can contribute strategically to overall business success and competitiveness.

Entrepreneurs: Individuals starting their own businesses who recognise the importance of effective procurement strategies for sustainable and innovative business practices.

Recent Graduates: Graduates with a background in business, supply chain management, or a related field seeking specialised knowledge and skills in procurement to enhance their employability.

Course Details
Duration 0.5 years full-time or 1 years part-time
Credit Points that Must be Earned 24
Number of Units Required CQUniversity uses the concept of credits to express the amount of study required for a particular course and individual units. The number of units varies between courses. Units in postgraduate courses normally consist of 6 points of credit or multiples thereof (e.g. 12, 18, 24).
Expected Hours of Study One point of credit is equivalent to an expectation of approximately two hours of student work per week in a term.
Course Type Postgraduate Award
Qualification (post nominal) GradCertProcInnov
AQF Level Level 8: Graduate Certificate

Admission Codes

Domestic Students
Tertiary Admission Centre Codes (TAC) Codes 		Not Applicable
International Students
CRICOS Codes 		Not Applicable
Where and when can I start?
Units offered internally at the below campuses may be delivered using a combination of face-to-face and video conferencing style teaching.
Units offered via MIX mode are delivered online and require compulsory attendance of site-specific learning activities such as on-campus residential schools, placements and/or work integrated learning. See Course Features tab for further information. Online units are delivered using online resources only.
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The following tables list the courses availabilities by location and term. Directing your pointer over your preferred location will provide further information if this course is not available for the full duration. Please be sure to also check individual unit availability by location and term prior to enrolling.

Domestic Availability

Term 2 - 2025

Online

Term 1 - 2025

Online
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International Availability

Term 2 - 2025

Sorry, no international availabilities found.

Term 1 - 2025

Sorry, no international availabilities found.
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For any problems regarding admissions availability for the selected course please contact 13 CQUni (13 27 86) or send us an email at http://contactus.cqu.edu.au/
What do I need to start?
Entry Requirements

To be eligible for entry into this course, applicants must hold one of the following: 

  • A completed Australian Qualifications Framework (AQF) equivalent Bachelor degree, or higher equivalent qualification; or 
  • A completed Australian Qualifications Framework (AQF) equivalent Diploma qualification; with a minimum of two years relevant business experience*; or 
  • A minimum of five years relevant professional business experience*. 

Work Experience Definitions 
*Relevant professional business experience must include direct, personal involvement in decision-making responsibility in a range of areas such as budgeting, marketing, HRM, staffing, project management, financial management, process management, or other relevant professional experience. 
  
Professional experience must be shown in an employment statement:

Employment statements must be presented on a company letterhead, signed, and dated by a delegated authority from within the organisation (e.g. line supervisor or human resource officer). The statement must contain your full name, position title, duties performed, employment start date (mm/yyyy) and end date (mm/yyyy), or stating you are still employed, if applicable. 

English Language Proficiency Requirements: 
  
If you were not born in Australia, Canada, New Zealand, United Kingdom, Ireland, South Africa or United States of America you are required to meet the English Language Proficiency requirements set by the University. Applicants are required to provide evidence of completion of: 

  • A secondary qualification (Year 11 and 12, or equivalent), or 
  • An Australian Qualifications Framework (AQF) Certificate IV qualification, or 
  • An Australian Qualifications Framework (AQF) diploma level qualification, or 
  • Bachelor level qualification study for a period of at least 2 years fulltime with a minimum overall GPA 4.0 

Completed within Australia, Canada, New Zealand, United Kingdom, South Africa, Ireland, or United States of America, which will meet the English proficiency. 
  
If you do not satisfy any of the above you will need to undertake an English language proficiency test and achieve the following scores as below: 

  • An International English Language Testing System (IELTS Academic) overall band score of at least 6.0 overall with a minimum 5.5 in each subset; or 
  • Test of English as a Foreign Language (TOEFL) - Requires 550 or better overall & minimum TWE score of 4.5 (Paper Based Test), or 75 or better overall and no score less than 17 (Internet Based Test); or 
  • Pearson Test of English Academic (PTE Academic) - Requires an overall score of 54 with no sub-score less than 46; or 
  • An Occupational English Test with Grades A or B only in each of the four components

English test results remain valid for no more than two years between final examination date and the date of commencement of study, and must appear on a single result certificate. 
International Students should visit http://www.cqu.edu.au/international for further information. 
  
Each student will be assessed individually. 

Assumed Knowledge

N/A

Security Requirements
No information available at this time
Health Requirements
No information available at this time
Fees and Charges
Course Features

Awards and Accreditation

Interim Awards Not applicable
Exit Awards Not applicable
Accreditation
  • Not applicable

Residential School Requirements

No Residential School for this course.

Practicum/Work Placement

Not applicable

Predicted Enrolments

Year Number of Students
First Year 30
Second year 50
Third Year 50
Inherent Requirements
There are currently no inherent requirements associated with this course.
Core Learning Outcomes
  • 1. Demonstrate advanced proficiency in strategic procurement planning by developing sourcing strategies aligned with organisational objectives, integrating cutting-edge technology, and employing data analytics to adapt to dynamic market conditions
  • 2. Apply ethical standards and transparency principles in procurement processes, navigating legal and regulatory frameworks governing private and public sector procurement, and fostering stakeholder trust through accountable practices
  • 3. Utilise comprehensive supplier evaluation methodologies and advanced negotiation techniques to effectively manage contracts, ensuring optimal performance and risk mitigation throughout the procurement lifecycle
  • 4. Lead innovation within by fostering a culture of continuous improvement and technological innovation, balancing value creation with cost efficiencies, and leveraging advanced procurement methods to enhance organisational value
  • 5. Adapt agile, innovative and value-driven strategies to respond to changing market conditions, maximising value creation beyond traditional cost-saving measures, and incorporating sustainability and social responsibility into sourcing decisions
  • 6. Analyse and evaluate complex procurement scenarios to identify strategies and technologies for value creation and innovation opportunities, demonstrating critical thinking and problem-solving skills in diverse organisational settings
  • 7. Communicate effectively with stakeholders at all levels, demonstrating proficiency in conveying procurement strategies, negotiating terms, and fostering collaborative buyer-supplier relationships to drive organisational success
  • 8. Demonstrate leadership capabilities in procurement initiatives, exhibiting the ability to navigate complex landscapes, drive innovation, and uphold ethical practices to position oneself as a valuable asset in the competitive job market.
  Course Learning Outcomes
Australian Qualifications Framework Descriptors 1 2 3 4 5 6 7 8
1. KNOWLEDGE Have specialised knowledge within a systematic and coherent body of knowledge that may include the acquisition and application of knowledge and skills in a new or existing discipline or professional area
2. SKILLS Have cognitive skills to review,analyse, consolidate and synthesise knowledge and identify and provide solutions to complex problems
3. SKILLS Have cognitive skills to think critically and to generate and evaluate complex ideas
4. SKILLS Have specialised technical and creative skills in a field of highly skilled and/or professional practice
5. SKILLS Have communication skills to demonstrate an understanding of theoretical concepts
6. SKILLS Have communication skills to transfer complex knowledge and ideas to a variety of audiences
7. APPLICATION OF KNOWLEDGE & SKILLS Be able to make high level, independent judgements in a range of technical or management functions in varied specialised contexts
8. APPLICATION OF KNOWLEDGE & SKILLS Be able to initiate, plan, implement and evaluate broad functions within varied specialised technical and/or creative contexts
9. APPLICATION OF KNOWLEDGE & SKILL Be responsible and accountable for personal outputs and all aspects of the work or function of others within broad parameters
10. FOUNDATIONAL KNOWLEDGE sufficient to undertake qualifications
11. ACQUISITION AND APPLICATION of knowledge in new or existing disciplines or professional areas drawn from higher education units
12. FOUNDATIONAL SKILLS sufficient to undertake qualifications
13. ACQUISITION AND APPLICATION of skills in new or existing disciplines or professional areas drawn from higher education units
14. Course content drawn from higher education units
Course Structure

In order to complete this course, you must:

  1. Complete the core structure

Core Structure

View Full Course Structure
Number of units: 2 Total credit points: 24

1. Procurement Excellence in Private and Public Sectors
This unit aims to equip students with the knowledge and skills necessary to achieve procurement excellence in private and public sectors. Focusing on key stages of the procurement lifecycle—Plan to Source, Probity and Integrity of Process, Advanced Evaluation, and Contract Management—students will gain insights into best practices, legal frameworks, and strategic approaches to ensure successful procurement outcomes.
2. Leading Innovation and Value Delivery in Procurement
This unit aims to give students the skills and knowledge required to lead innovation and drive value in procurement processes. Focusing on dynamic sourcing and co-design, value creation, advanced procurement methods, and risk management, students will learn to navigate complex procurement landscapes and contribute to organisational success through strategic and innovative procurement practices

Available units
Students must complete the following compulsory units:
MGMT28004 Procurement Excellence in Private and Public Sectors
MGMT28003 Leading Innovation and Value Delivery in Procurement
More Details
There is no additional information for this course.