Global Standard for Procurement and Supply

Current segment

Level: Tactical

Theme: Metrics & Measurement

Segment 8.1 Delivering Value

Segment 8.1 Delivering Value

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

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

Knowledge: Will know and understand

How to balance value criteria, as appropriate to the procurement of goods or services in areas of responsibility

Capabilities: Will be able to

Analyse value criteria and suggest ways to achieve a balance, to the procurement of goods or services in own area of responsibility

Knowledge: Will know and understand

How to measure achieved savings of goods and services to recognise efficiencies

Capabilities: Will be able to

Analyse data to report savings achieved when procuring goods or services

Knowledge: Will know and understand

How to compare forecasts with actual expenditure to control expenditure

Capabilities: Will be able to

Analyse data showing forecasts for actual expenditure and examine variances between forecasted and actual expenditure, taking account of market trends

Knowledge: Will know and understand

How to assess the quality of supplies of goods and services to ensure that quality standards are achieved

Capabilities: Will be able to

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

Knowledge: Will know and understand

How to measure internal and external lead times of supplies

Capabilities: Will be able to

Monitor internal and external lead times and take action to remedy delays and improve lead time performance

Knowledge: Will know and understand

How to measure the performance of supplies of goods and services

Capabilities: Will be able to

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

Knowledge: Will know and understand

How to achieve functional targets in procurement and supply

Capabilities: Will be able to

Collate data required to fulfil targets for improving the performance of the procurement and supply function

Knowledge: Will know and understand

How to measure service levels for supplies of goods and services

Capabilities: Will be able to

Compare service performance against planned service levels and take action to improve performance

This segment was last updated on: 21st May 2021

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
×