Understand the added value that can be achieved through procurement and supply chain management

• Explain the categories of spend that an organisation may purchase
• Analyse the different sources of added value in procurement and supply
• Compare the concepts of procurement and supply chain management
• Differentiate the stakeholders that a procurement or supply chain function may have

Understand the stages of sourcing processes in creating added value outcomes that can be achieved

• Explain the main aspects of sourcing processes
• Analyse the main stages of a sourcing process
• Explain how electronic systems can be used at different stages of the sourcing process
• Analyse the relationship between achieving compliance with processes and the achievement of outcomes

Understand the main aspects of organisational infrastructure that shape the scope of a procurement function

• Explain the main aspects of corporate governance of a procurement or supply chain function
• Analyse the impact of organisational policies and procedures on procurement
• Compare the different structures of a procurement or supply chain function
• Explain the common IT systems that can be used by a procurement or supply chain function

Understand the need for compliance with requirements when undertaking procurement activities

• Identify different economic and industrial sector
• Analyse the impact of the public sector on procurement or supply chain roles
• Analyse the impact of the private sector on procurement or supply chain roles