L2M1 Introducing Procurement and Supply Pdf notes

Number of Pages: 128 Pages
File size: 65.3 MB
Suitable for: CIPS, University degrees and Diplomas in Procurement and logistics

L2M1 Introducing Procurement and Supply

Topics Covered:
Introducing Procurement and Supply
1.0 Understand the role of procurement and supply within organisations
1.1 Identify the common terms that describe aspects of procurement and supply
1.2 Explain the roles and benefits of procurement and supply in organisations
1.3 Define components of a supply chain
2.0 Understand the organisational impact of procurement and supply
2.1 Identify how effective procurement impacts on organisational efficiency
2.2 Define the five rights of procurement and supply
3.0 Know how products and services are received from suppliers and delivered to customers
3.1 Identify the delivery of products and services made by external suppliers
3.2 Identify the delivery of products and services that organisations make to customers
4.0 Know the stages of the sourcing process
4.1 Indicate stages of a sourcing process
5.0 Understand the need for the effective and efficient administration of purchases made with external suppliers
5.1 Describe and explain effective and efficient administration
5.2 Describe and explain effective and efficient administration
5.3 Describe the administration of the award and post award stages of a sourcing process
5.4 Explain the need for approvals in the administration of procurement and supply
6.0 Know the importance of ethics and responsible procurement in organisations and supply chains
6.1 Identify good ethical practices and procedures within the context of the procurement and supply function