Description
Introduction to Procurement and Purchasing in the ABMA Professional Diploma in Procurement and Supply Chain Level 4 guides learners through the complete body of knowledge that underpins professional buying. The book covers the foundations of procurement, from the definitions and evolution of purchasing to the structural role of purchasing departments and the classic 5 Rs framework. It then develops the sourcing and specification process, sourcing strategies, the procurement cycle, and purchasing documentation and record keeping. Later chapters build competence in commercial negotiation, ethics in procurement, and procurement operations and performance. Its eight chapters follow the unit’s lessons step by step, each with practical exercises, a global scope discussion and current advances in technology. Recommended videos and self-check multiple choice questions complete every chapter, preparing the learner for professional practice in procurement and supply.
