Current segment
Segment 8.1 Delivering Value
Segment 8.1 Delivering Value
Knowledge: Will know and understand | Capabilities: Will be able to |
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How to balance value criteria, as appropriate to the procurement of goods or services in areas of responsibility |
Analyse value criteria and suggest ways to achieve a balance, to the procurement of goods or services in own area of responsibility |
How to measure achieved savings of goods and services to recognise efficiencies |
Analyse data to report savings achieved when procuring goods or services |
How to compare forecasts with actual expenditure to control expenditure |
Analyse data showing forecasts for actual expenditure and examine variances between forecasted and actual expenditure, taking account of market trends |
How to assess the quality of supplies of goods and services to ensure that quality standards are achieved |
Analyse reports and data related to the quality of goods and services supplied, and take action with suppliers or other stakeholders to remedy and prevent quality variances |
How to measure internal and external lead times of supplies |
Monitor internal and external lead times and take action to remedy delays and improve lead time performance |
How to measure the performance of supplies of goods and services |
Anticipate and identify contractual delays or variations and take actions to remedy performance issues and improve lead time performance, escalating when necessary to the contract manager |
How to achieve functional targets in procurement and supply |
Collate data required to fulfil targets for improving the performance of the procurement and supply function |
How to measure service levels for supplies of goods and services |
Compare service performance against planned service levels and take action to improve performance |
How to balance value criteria, as appropriate to the procurement of goods or services in areas of responsibility
Analyse value criteria and suggest ways to achieve a balance, to the procurement of goods or services in own area of responsibility
How to measure achieved savings of goods and services to recognise efficiencies
Analyse data to report savings achieved when procuring goods or services
How to compare forecasts with actual expenditure to control expenditure
Analyse data showing forecasts for actual expenditure and examine variances between forecasted and actual expenditure, taking account of market trends
How to assess the quality of supplies of goods and services to ensure that quality standards are achieved
Analyse reports and data related to the quality of goods and services supplied, and take action with suppliers or other stakeholders to remedy and prevent quality variances
How to measure internal and external lead times of supplies
Monitor internal and external lead times and take action to remedy delays and improve lead time performance
How to measure the performance of supplies of goods and services
Anticipate and identify contractual delays or variations and take actions to remedy performance issues and improve lead time performance, escalating when necessary to the contract manager
How to achieve functional targets in procurement and supply
Collate data required to fulfil targets for improving the performance of the procurement and supply function
How to measure service levels for supplies of goods and services
Compare service performance against planned service levels and take action to improve performance
This segment was last updated on: 21st May 2021