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PSM 321 Procurement and Supply Management

HND1 levelManagement & Administration21 topics

PSM 321 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. Planning in procurement and supply chain management
  2. Types of procurement plans and planning processes
  3. Planning techniques
  4. Functional plans and procurement plans
  5. Integration of procurement plans into corporate plans
  6. Procurement plans and corporate strategy
  7. Organizing and organization structuring
  8. Supply chain management organizational set-up
  9. Procurement organization structures
  10. Internal structure of procurement and supply department
  11. Roles of officers and managers in procurement and supply
  12. Communication process, methods and barriers
  13. Internal and external communication in procurement and supply
  14. Human resource management concepts and objectives
  15. Human resource planning and procurement function
  16. Procurement organizational structures
  17. Forms of procurement organization
  18. Centralized and decentralized structures
  19. Hybrid and consortia structures
  20. Team-based and virtual structures
  21. Cost reduction techniques

A sample from this course

One topic, as StudyPath teaches it.

Planning in procurement and supply chain management

Planning in procurement and supply chain management is the systematic process of determining what goods and services are required, when they are needed, and how they will be sourced. Mastering this topic is crucial for the exam because it underpins efficient inventory control, cost minimisation, and the ability to meet customer demand reliably.

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