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PSM 221 Practice of Procurement II

HND1 levelManagement & Administration12 topics

PSM 221 covers 12 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 planning tools
  2. Procurement policies, programmes and procedures
  3. Procurement manuals, records and order handling
  4. Organisation of procurement functions
  5. Single vs multi-plant procurement organisation
  6. Managing procurement personnel
  7. Procurement job requirements and personnel selection
  8. Pricing practices in procurement contracts
  9. Procurement methods and practice
  10. Procurement ethics
  11. Foreign procurement
  12. Basic logistics in supply chain management

A sample from this course

One topic, as StudyPath teaches it.

Procurement planning tools

Procurement planning tools are systematic methods used by organisations to forecast, schedule and control the acquisition of goods and services. Mastering these tools—such as demand forecasting, procurement cycle mapping, and supplier evaluation matrices—enables students to design efficient procurement strategies and to answer exam questions that test analytical and planning skills.

What you get for PSM 221