Global Standard for Procurement and Supply

Current segment

Level: Advanced Professional

Theme: Metrics & Measurement

Segment 8.7 Developing Metrics for the Supply Chain

Segment 8.7 Developing Metrics for the Supply Chain

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

The importance of collecting data, problem diagnosis and decision making

Identify opportunities to collate and analyse data to develop appropriate recommendations

The use of statistical analysis to develop metrics to examine issues affecting the performance of the supply chain

Lead programmes to collate and analyse data to formulate strategies and plans for solving issues in procurement and supply chains

The development of metrics to measure the performance of the supply chain

Create metrics for the measurement of performance of the function and the supply chain and develop improvement plans with colleagues, suppliers and other stakeholders

Project identification and improvement strategies for the supply chain

Devise and implement projects and strategies for improving supply chains and the procurement function

Business case development and cost/benefit analysis, such as:

  • Costs
  • Options
  • Commercial aspects
  • Risk
  • Alignment with organisational needs
  • Timescales

Contribute to the development of business cases

Root cause analysis and the use of six sigma tools and methodologies

Devise root cause analysis to evaluate problems experienced in procurement and supply chain management, and apply statistical methods for the development and implementation of improvement plans

Methodologies and standards for the development of supply chains, such as:

  • ISO 22301 Business Continuity Management
  • ISO 44001 Collaborative Business Relationship
  • Balanced scorecard methodologies
  • Supplier relationship management

Have an awareness of current trends related to the development and improvement of supply chains and apply associated methodologies

Knowledge: Will know and understand

The importance of collecting data, problem diagnosis and decision making

Capabilities: Will be able to

Identify opportunities to collate and analyse data to develop appropriate recommendations

Knowledge: Will know and understand

The use of statistical analysis to develop metrics to examine issues affecting the performance of the supply chain

Capabilities: Will be able to

Lead programmes to collate and analyse data to formulate strategies and plans for solving issues in procurement and supply chains

Knowledge: Will know and understand

The development of metrics to measure the performance of the supply chain

Capabilities: Will be able to

Create metrics for the measurement of performance of the function and the supply chain and develop improvement plans with colleagues, suppliers and other stakeholders

Knowledge: Will know and understand

Project identification and improvement strategies for the supply chain

Capabilities: Will be able to

Devise and implement projects and strategies for improving supply chains and the procurement function

Knowledge: Will know and understand

Business case development and cost/benefit analysis, such as:

  • Costs
  • Options
  • Commercial aspects
  • Risk
  • Alignment with organisational needs
  • Timescales
Capabilities: Will be able to

Contribute to the development of business cases

Knowledge: Will know and understand

Root cause analysis and the use of six sigma tools and methodologies

Capabilities: Will be able to

Devise root cause analysis to evaluate problems experienced in procurement and supply chain management, and apply statistical methods for the development and implementation of improvement plans

Knowledge: Will know and understand

Methodologies and standards for the development of supply chains, such as:

  • ISO 22301 Business Continuity Management
  • ISO 44001 Collaborative Business Relationship
  • Balanced scorecard methodologies
  • Supplier relationship management
Capabilities: Will be able to

Have an awareness of current trends related to the development and improvement of supply chains and apply associated methodologies

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
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