Identify the sourcing process in relation to procurement; Differentiate between approaches to the sourcing of requirements from suppliers; Define selection criteria that can be commonly applied when sourcing requirements from external suppliers; Define award criteria that can be commonly applied when sourcing requirements from external suppliers; Analyse commonly used sources of information on market data that can impact on the sourcing of requirements from external suppliers; Identify the key processes used for obtaining quotations and tenders; Identify the criteria that can be commonly applied to the assessment of quotations or tenders; Analyse how electronic systems can be used to help the sourcing of requirements from external suppliers; Compare the key legislative, regulatory and organisational requirements when sourcing in the not-for-profit, private and public sectors; Compare the key legislative, regulatory and organisational requirements when sourcing from international suppliers; Describe the impact of international ethical standards on procurement and supply; Identify practices that support ethical procurement; Compare the use of audits and other feedback mechanisms to evaluate ethical standards in the workplace; Contrast processes and practices that the organisation could adopt to meet the requirements of Corporate Social Responsibility (CSR). Please click here for the detailed syllabus.
