StudyPath

PSM 311 Procurement and Supply Chain Management

HND1 levelManagement & Administration19 topics

PSM 311 covers 19 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. Role of procurement and supply management
  2. Procurement functions within supply chain management
  3. Types and objectives of procurement
  4. Supply market structure
  5. Sourcing procedures
  6. Quality management
  7. Spend management
  8. Pricing methods and payment procedures
  9. Management of procurement and materials activities
  10. Procurement practices and methods
  11. Time management in procurement
  12. Negotiation and negotiation techniques
  13. Procurement concepts and functions
  14. Procurement vs buying and purchasing
  15. Procurement and supply chain relationships
  16. Interface with other business functions
  17. Supply market structures
  18. Procurement implications of market structures
  19. Investment appraisal for capital procurement

A sample from this course

One topic, as StudyPath teaches it.

Role of procurement and supply management

Procurement and supply management is the backbone of any organisation’s ability to acquire goods and services efficiently, ensuring quality, cost-effectiveness and timely delivery. Mastering its role helps students answer exam questions on strategic sourcing, supplier relationships, and the integration of procurement within the supply chain.

What you get for PSM 311