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CMI Unit: 607 Procurement, Purchasing and Contracting

The main idea behind the unit 607 Procurement, Purchasing and Contracting is to provide a comprehensive understanding of the key principles and practices involved in procurement and purchasing within organisational contexts. This unit explores how procurement strategies align with organisational objectives and how contracts can be managed efficiently to support operational success. By studying this unit, learners will gain insights into procurement frameworks, contract management, and the strategic importance of purchasing decisions.

This unit is crucial for professionals involved in supply chain management, purchasing, and contract administration. It equips learners with the skills needed to develop effective procurement strategies, manage supplier relationships, and ensure compliance with legal and ethical standards. Furthermore, it enhances decision-making capabilities in managing procurement processes that contribute to organisational efficiency and sustainability.

Unit Objectives

• To provide learners with a thorough understanding of procurement, purchasing, and contracting within various organisational contexts.
• To develop critical thinking skills in assessing procurement processes and their strategic importance.
• To equip learners with knowledge on managing tenders, bidding processes, and contract negotiations.
• To enable learners to apply procurement principles to meet operational requirements efficiently.

Learning Outcomes

LO1: Understand the principles of procurement, purchasing and contracting within organisational contexts.

This learning outcome focuses on the fundamental principles of procurement and contracting within different organisational settings. Learners will critically analyse the impact of various factors, including legal, economic, and ethical considerations, on procurement and purchasing processes. Understanding the relationship between strategic procurement and operational purchasing is also a key aspect of this outcome.

LO2: Know how to apply the principles of procurement, purchasing and contracting to achieve an operational requirement.

This learning outcome emphasises the practical application of procurement principles in meeting organisational needs. Learners will explore how to develop and manage the tendering and bidding process effectively. Additionally, they will gain expertise in contract selection and management to ensure operational efficiency and compliance.

Assessment Criteria

LO1: Understand the principles of procurement, purchasing and contracting within organisational contexts.

• 1.1 Critically appraise the factors which impact on procurement, purchasing and contracting within organisational contexts.
• 1.2 Critically assess the interrelationship between strategic procurement and operational purchasing within an organisational context.
• 1.3 Investigate how the application of procurement and purchasing processes can be utilised to achieve strategic objectives.

LO2: Know how to apply the principles of procurement, purchasing and contracting to achieve an operational requirement.

• 2.1 Develop a proposal to manage the tender and bidding process to meet a specified operational requirement.
• 2.2 Recommend the type of contract required to meet a specified operational requirement.
• 2.3 Propose an approach to contract management to achieve an operational requirement.

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