10 Unit Credit Values

• The role of Purchasing and Procurement: What is Purchasing; What is Procurement; What is a Supply Chain; The roles of Purchasing and Procurement in a Supply Chain; Private Sector Purchasing and Procurement; Public Sector Purchasing and Procurement
• The sourcing and Procurement cycle: Sourcing process; Specification development; Market Assessment; Negotiations; Contract Discussions; Sourcing Plan; Market Competitiveness
• Contracts and Service Level Agreements (SLA): Types of Contracts; Definitions and terms of contracts; Terms of Conditions; Development of Contracts; Service level agreements

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