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PSM 111 Principles of Procurement

HND1 levelManagement & Administration27 topics

PSM 111 covers 27 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Evolution of procurement
  2. Definitions and types of procurement
  3. Buying, purchasing and procurement distinctions
  4. Procurement organisation structure
  5. Roles and responsibilities of procurement personnel
  6. Place of procurement in business functions
  7. Role of procurement in an organisation
  8. Relationship of procurement with other functions
  9. Procurement concepts and functions
  10. Procurement types and objectives
  11. Procurement, buying and purchasing distinctions
  12. Procurement and supply chain management
  13. Procurement relationships with other functions
  14. Materials management concept
  15. Logistics and physical distribution
  16. Supply market structures
  17. Sourcing procedures and policies
  18. Supplier selection and evaluation
  19. Quality management in procurement
  20. Spend management and pricing
  21. Payment methods and procedures
  22. Materials and procurement planning
  23. Roles of procurement personnel
  24. Methods of specification
  25. Economic order quantity
  26. Stock levels control
  27. Supplier rating and selection

A sample from this course

One topic, as StudyPath teaches it.

Evolution of procurement

The evolution of procurement traces the shift from informal, ad‑hoc purchasing to sophisticated, technology‑driven sourcing strategies. Mastering this progression helps students recognise why modern procurement emphasises value, risk management and digital integration, key themes in the NUC CCMAS, NBTE and NCCE exams.

What you get for PSM 111