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.