Procurement Revision

LEARNING OUTCOMES 1.0 Understand the added value that can be achieved through procurement and supply chain management 1.1 Explain the categories of spend that an organisation may purchase • Definitions of procurement and purchasing and supply • Typical breakdown of organisational costs represented by procurements of goods, service or constructional works • Stock and non-stock procurements • Direct and indirect procurements • Capital purchases and operational expenditures • Services procurements (a) Explain, with examples, the characteristics of each of the following purchasing categories: (i) Commodities (ii) Goods for resale (iii) Maintenance, repair and operating (MRO) supplies. 15 Marks (b) Outline FIVE circumstances where 'buying for stock' would be an appropriate procurement policy. 10 Marks March 2016 1.2 Analyse the different sources of added value in procurement and supply • The five rights of procurement • Achieving...

Time to familiarise yourself with the EU procurement regulations for public procurement Here Claire Dwyer is talking back in 2013 about the new regulations, which became UK law in 2014 (also summarised on P217 3.11 of the CIPS/Profex book) If you're keen to know more about EU Public Procurement Law, The University of Nottingham has accidentally left this introduction document ;)