Unit C205: Principles of Inventory and Procurement Management Unit code: A/618/4691 RQF level: 2 Aim The aim of this unit is to provide future logistics and supply chain professionals with an introduction to budgets and procurement. It will enable learners to understand the workings of procurement and its positioning within the logistics and supply chain sector. Learning Outcomes and Assessment Criteria Learning Outcomes. To achieve this unit a learner will be able to: 1. Understand the concepts and frameworks relating to the characteristics of inventory management.
Assessment Criteria. Assessment of this learning outcome will require a learner to demonstrate that they can: Identify the links between inventory management and supply chain operational management. Identify data sources within a value chain that assist with inventory management.
2. Evaluate the concepts and frameworks of procurement in a supply chain context.
Determine the risks associated with inventory management practices. Identify patterns, trends and impacts assoeciated with with contract management. Formulate a supplier management process for logistics operations Evaluate the opportunities that reside with good procurement governance. Analyse the resilience measures required within supply chain procurement operations.
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