Analyse how business needs influence procurement decisions; Identify how costs and prices can be estimated for procurement activities; Analyse the criteria that can be applied in the creation of a business case; Interpret financial budgets for the control of purchases; Analyse the different types of markets utilised by procurement and supply; Compare the competitive forces that influence markets; Contrast the breakdown between direct and indirect costs and the types of data that can provide information on cost and price; Analyse different types of specifications used in procurement and supply and sources of information that can be used to create specifications; Identify sections of specifications for through life contracts; Identify the risks that can result from inadequate specifications and mitigation approaches; Identify opportunities to regulate short and longer term specifications. Please click here for the detailed syllabus.
