Level 2 Purchasing - Sourcing Products & Selecting Suppliers - Institute of Supply Chain Management
Tel: 0800 1422 522
The Sustain Chain – Click here to find out more

Level 2 Purchasing – Sourcing Products & Selecting Suppliers

10 Unit Credit Values

  • Types of Supplies:  maintenance, repair and operating (MRO) supplies; utilities; raw materials; components; assemblies; consumables; capital goods; commodities; goods for re-sale
  • Resource Requirements: amount of capital and finance available; consumer demand and projected sales; historical sales patterns; quantity discounts; storage space; reliability of supply; lead time
  • Different Suppliers and Purchase Options: direct purchases; indirect purchases; need for identification; specifying needs; when an industry standard is available; when no industry standard is available; determining sourcing options; preferred supplier lists; approved supplier lists; supplier agreements; record-keeping
  • Storage: storing supplies; stockyards; ABC analysis; fixed-location storage; random location storage; hazardous goods; high value supplies

The above is the unit content for the Choose Supplies ad Suppliers for Business unit found in the Level 2 qualification. To view more units, click here and select the “Units” tab.

Learn More

Do you want more information?    Download Our Course Brochure