Current segment
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 |
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The sources of organisational competitive advantage such as:
|
Develop approaches to ensure that the procurement and supply function supports the achievement of the organisation's sources of competitive advantage |
The use of, and differences between, collaborative and competitive strategies to improve supply chains |
Develop appropriate strategies and plans for the adoption of collaborative or competitive strategies and promote their use to internal and external stakeholders |
The implications of ISO 11000 Collaborative business relationship management systems standard and other frameworks that develop 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 decisions that add the most value can be made |
Technologies for communicating across the organisation and with the supply chain |
Assess and implement the use of technologies to improve communication across the organisation and with the supply chain |
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, and differences between, collaborative and competitive strategies to improve supply chains
Develop appropriate strategies and plans for the adoption of collaborative or competitive strategies and promote their use to internal and external stakeholders
The implications of ISO 11000 Collaborative business relationship management systems standard and other frameworks that develop 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 decisions that add the most value can be made
Technologies for communicating across the organisation and with the supply chain
Assess and implement the use of technologies to improve communication across the organisation and with the supply chain
This segment was last updated on: 21st May 2021