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* Understand and analyse the added value that can be achieved through procurement and supply chain management
* Understand and analyse the key steps when procuring goods or services
* Understand and analyse aspects of organisational infrastructure that shape the scope of procurement and supply chain functions
*Understand and analyse the need for compliance with requirements when undertaking procurement activities in different sectors
* Understand how to develop a business case for requirements to be sourced from external suppliers
* Understand market management in procurement and supply
* Understand the use of specifications in procurement and supply
* Understand the legal issues that relate to the formation of contracts
* Understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers
* Understand the key clauses that are included in formal contracts
* Understand options for sourcing requirements from suppliers
* Understand the key processes that can be applied to the analysis of potential external suppliers
* Understand compliance issues when sourcing from suppliers
* Understand key approaches in the negotiation of commercial agreements with external organisations
* Know how to prepare for negotiations with external organisations
* Understand how commercial negotiations should be undertaken
* Understand the dynamics of relationships in supply chains
* Understand processes and procedures for working successfully with stakeholders
* Understand the concept of partnering
* Understand methods for the storage and movement of inventory
* Understand the key elements of effective inventory control
* Understand the concept of whole-life costing
* Demonstrate the application of the procurement cycle
* Demonstrate the application of the stages of the procurement process
* Demonstrate the application of whole life-asset management
* Demonstrate the application of environmental, social and governance principles in a range of sectors and industries