10 Unit Credit Values

• The Role of Purchasing: introduction to purchasing; what is the value chain; the role of purchasing in the value chain; supply chain management; the role of purchasing and procurement in supply chain management; the purchasing process; elements of the purchasing function
• Purchasing and Business Strategy: what is business strategy; strategic purchasing; the role of purchasing in relation to business strategy; competitive advantage; how the purchasing function contributes to competitive advantage; sourcing plan; supplier performance monitoring/supplier appraisal
• Purchasing Contexts: types of organisational structures and sectors involved in purchasing; different market conditions; perfect and imperfect competition; monopolies and oligopolies

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