Global Standard for Procurement and Supply

Current segment

Level: Advanced Professional

Theme: Spend Management

Segment 4.7 Developing Operational Expertise in Procurement

Segment 4.7 Developing Operational Expertise in Procurement

Knowledge: Will know and understand Capabilities: Will be able to

The sources of organisational competitive advantage such as:

  • low cost
  • sources of differential advantage
  • product/service range
  • brand image
  • customer care
  • other order-winning criteria

Develop approaches to ensure that the procurement and supply function supports the achievement of the organisation's sources of competitive advantage

The use of collaborative and competitive strategies for improving supply chains and how they differ from each other

Develop appropriate strategies and plans for the adoption of collaborative or competitive strategies and promote their use by internal and external stakeholders

The implications of BS11000 (to become ISO11000) and other frameworks and standards that create partnering and collaborative approaches to supplier relationship management

Develop and instigate approaches with stakeholders to support collaborative business relationships using appropriate standards and frameworks?

Approaches to demand forecasting and balancing demand with supply

Create plans to improve demand forecasting to achieve balanced demand with supply

The use of technology transfer

Take actions to develop and implement technology transfer with suppliers

Making decisions on capital investment

Contribute to investment appraisal and decisions undertaken by internal stakeholders so that total costs of ownership can be minimised and the most profitable investment decisions can be made

Knowledge: Will know and understand

The sources of organisational competitive advantage such as:

  • low cost
  • sources of differential advantage
  • product/service range
  • brand image
  • customer care
  • other order-winning criteria
Capabilities: Will be able to

Develop approaches to ensure that the procurement and supply function supports the achievement of the organisation's sources of competitive advantage

Knowledge: Will know and understand

The use of collaborative and competitive strategies for improving supply chains and how they differ from each other

Capabilities: Will be able to

Develop appropriate strategies and plans for the adoption of collaborative or competitive strategies and promote their use by internal and external stakeholders

Knowledge: Will know and understand

The implications of BS11000 (to become ISO11000) and other frameworks and standards that create partnering and collaborative approaches to supplier relationship management

Capabilities: Will be able to

Develop and instigate approaches with stakeholders to support collaborative business relationships using appropriate standards and frameworks?

Knowledge: Will know and understand

Approaches to demand forecasting and balancing demand with supply

Capabilities: Will be able to

Create plans to improve demand forecasting to achieve balanced demand with supply

Knowledge: Will know and understand

The use of technology transfer

Capabilities: Will be able to

Take actions to develop and implement technology transfer with suppliers

Knowledge: Will know and understand

Making decisions on capital investment

Capabilities: Will be able to

Contribute to investment appraisal and decisions undertaken by internal stakeholders so that total costs of ownership can be minimised and the most profitable investment decisions can be made

This segment was last updated on: 3rd April 2017

The Global Standard for Procurement and Supply structure

Released in 2014 the Standard is a competency framework of procurement and supply skills, knowledge and capabilities that can be used by individuals and organisations to identity training and professional development needs at varying levels of competency.

The Global Standard for Procurement and Supply structure
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