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PSM 211 Practice of Procurement I

HND1 levelManagement & Administration21 topics

PSM 211 covers 21 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. Procurement functions and roles in business
  2. Procurement department and interdepartmental relationships
  3. Centralized materials activities
  4. Materials management concept
  5. Physical distribution management
  6. Logistics management concept
  7. Supply market structures
  8. Sourcing and sourcing policies
  9. Supplier selection
  10. Supplier evaluation
  11. Vendor rating and supplier performance evaluation
  12. Quality and quality determination
  13. Quality control, assurance and audit
  14. Specifications and their uses
  15. Role of suppliers and buyers in design and specification
  16. Logistics company excursion
  17. Fleet scheduling
  18. Passenger manifests
  19. Waybill preparation
  20. Variety reduction techniques
  21. Buying and selling practice

A sample from this course

One topic, as StudyPath teaches it.

Procurement functions and roles in business

Procurement functions and roles in business encompass the systematic acquisition of goods, services, and works required for an organisation to operate effectively. Mastering these functions—planning, sourcing, contracting, and supplier relationship management—ensures cost control, quality assurance, and risk minimisation, all of which are critical for exam questions on business procurement.

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