The purpose of this certification track is to equip the learner with knowledge about the key aspects of procurement and supply management. This learning block is intended to provide an overview and definitions of supply management and procurement. Additionally, key policies, procedures, processes, and requirements for effective and efficient implementation are presented.
The effective implementation of procurement activities are a critical function in the overall supply chain process. This learning block further describes the identification of requirements, identification and qualification of suppliers, supplier bidding and negotiation, approval for purchases, and supplier performance monitoring and performance measurement.