The different types of markets including economic and industrial sectors such as;

• Manufacturing
• Construction
• Retail
• Financial
• Agriculture
• Services

Distinguish how an organisation, its suppliers and customers are served by different types of markets

The competitive forces that influence markets, including the bargaining power of suppliers and buyers, the availability of substitutes and threat of new entrants

Analyse the competitive forces and trends that influence markets that the organisation, and its suppliers and customers operate within in

How to identify supply chain disruptors that impact on markets and supply chains

Liaise with stakeholders to mitigate the impact of supply chain disruptors on the organisation, and its customers and suppliers

The breakdown between direct and indirect costs

Collate sources of information to estimate the breakdown of direct and indirect costs for goods and services and use the information to prepare budgets or to negotiate prices

Types of published data that can provide information on costs and prices

Research market data and use it to estimate and negotiate current and future prices and costs for goods and services

Published reports and indices on markets

Use published sources of information to agree variations in pricing for purchased goods and services

National and international legislation that impacts on organisations such as:

• Quality standards
• Health and safety
• Environmental standards
• Employment law

Advise internal stakeholders on the impact of legislation when dealing with suppliers to an organisation

The implications of corporate social responsibility on organisations

Advise stakeholders on key aspects of corporate social responsibility of the organisation when dealing with suppliers, customers and other stakeholders