Purchasing and Procurement
Purchasing and Procurement is the strategic operations process of acquiring goods and services crucial for business functions. It includes sourcing suppliers, contract management, and the effective control of costs and spending, to optimize value and increase operational efficiency.
Level 1: Emerging
At an emerging level, you are developing basic knowledge in purchasing and procurement within operations, showing initial understanding of purchasing processes and supplier relationships, while improving skills with guidance.
Level 2: Proficient
At a proficient level you are able to effectively manage purchasing and procurement processes within Operations, ensuring cost-effective acquisition of goods and services while maintaining quality and compliance standards.
Level 3: Advanced
At an advanced level you are adept at developing and executing strategic procurement plans, negotiating complex contracts, and implementing cost-saving initiatives to optimize the organization's purchasing processes and supply chain efficiency.
