10 Unit Credit Values

• Organisations Involved in the Purchasing Role: manufacture; distribution; transport; warehousing; inventory control; materials handling; procurement
• Relationships: internal, external, remote and co-operative relationships and partnerships
• Markets: demand; competition; monopoly; natural monopoly; oligopoly; monopsony; trade protectionism; Porter’s Five Forces
• External factors: PESTLE analysis; local, national and global factors; public sector, private sector and third sector; financial, reputational and environmental factors; health, safety and welfare; lost opportunities
• Purchasing: five rights; ethics; end-to-end cycles; supplier relationships: adversarial, arm’s length, transactional, closer tactical, single sourced, outsourcing, strategic alliance, partnership, co-destiny
• Sourcing Suppliers: planning, sourcing and tendering; contract award, contract management; receipts and invoicing; Request for Quote (RFQ)
• Suppliers Requirements: capacity; facilities; finance

The above is the unit content for the Purchasing Process unit found in the Level 3 qualification. To view more units, click here and select the “Units” tab.