CMI Unit 607 Procurement, Purchasing and Contracting
The ability to procure, purchase and contract goods, services and capital items effectively is of paramount importance if an organisation is to succeed. For the professional manager and leader this knowledge and understanding is invaluable. It has the power to enhance decision making, strategic and operational planning and the effective delivery of outcomes within budgetary constraints.
It is important to recognise that the terms ‘procurement’ and ‘purchasing’ are interpreted differently depending on the type of organisation. For the purpose of this unit, ‘procurement’ is recognised as the strategic activity that will be underpinned by ‘purchasing’ and ‘contracting’.
About this course
The aim of this unit is for managers and leaders to realise business objectives though competent, ethical and professional contracting, purchasing and procurement practices.
- Understand the principles of procurement, purchasing and contracting within organisational contexts
Know how to apply the principles of procurement, purchasing and contracting to achieve an operational requirement
1.1 Critically appraise the factors which impact on procurement, purchasing and contracting within organisational contexts
1.2 Critically assess the interrelationship between strategic procurement and operational purchasing within an organisational context
1.3 Investigate how the application of procurement and purchasing processes can be utilised to achieve strategic objectives
2.1 Develop a proposal to manage the tender and bidding process to meet a specified operational requirement
2.2 Recommend the type of contract required to meet a specified operational requirement
2.3 Propose an approach to contract management to achieve an operational requirement