Current segment
Segment 7.1 Delivering Value in Procurement and Supply
Segment 7.1 Delivering Value in Procurement and Supply
| Knowledge: Will know and understand | Capabilities: Will be able to |
|---|---|
The 5 rights of procurement and supply:
|
Apply the 5 rights of procurement and supply to any required goods or services |
How to create value in procurement and supply |
Identify opportunities for purchasing goods and services that create value outcomes |
How to create savings and improve efficiencies through negotiation with suppliers |
Create savings and improve efficiencies through negotiations with suppliers |
The use of budgets and budget monitoring in procurement and supply |
Assist budget holders to capture savings that contribute to reductions in budgets |
The use of targets in procurement and supply |
Analyse and work towards improvements in value objectives |
Contract management systems in procurement and supply |
Operate and support the implementation of contract management systems, taking actions for controlling variations from planned performance |
The 5 rights of procurement and supply:
- Price/ cost
- Quality
- Time
- Quantity
- Place
Apply the 5 rights of procurement and supply to any required goods or services
How to create value in procurement and supply
Identify opportunities for purchasing goods and services that create value outcomes
How to create savings and improve efficiencies through negotiation with suppliers
Create savings and improve efficiencies through negotiations with suppliers
The use of budgets and budget monitoring in procurement and supply
Assist budget holders to capture savings that contribute to reductions in budgets
The use of targets in procurement and supply
Analyse and work towards improvements in value objectives
Contract management systems in procurement and supply
Operate and support the implementation of contract management systems, taking actions for controlling variations from planned performance
This segment was last updated on: 21st May 2021
