10 Unit Credit Values

• Types of Supplies:  maintenance, repair and operating (MRO) supplies; utilities; raw materials; components; assemblies; consumables; capital goods; commodities; goods for re-sale
• Resource Requirements: amount of capital and finance available; consumer demand and projected sales; historical sales patterns; quantity discounts; storage space; reliability of supply; lead time
• Different Suppliers and Purchase Options: direct purchases; indirect purchases; need for identification; specifying needs; when an industry standard is available; when no industry standard is available; determining sourcing options; preferred supplier lists; approved supplier lists; supplier agreements; record-keeping
• Storage: storing supplies; stockyards; ABC analysis; fixed-location storage; random location storage; hazardous goods; high value supplies

The above is the unit content for the Choose Supplies ad Suppliers for Business unit found in the Level 2 qualification. To view more units, click here and select the “Units” tab.