1.1 assess the methods available for managing materials
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Learning outcomes
On successful completion of
this unit a learner will:
Assessment criteria for pass
The learner can:
LO1 Understand the principles of
resource management and
its application to an
engineering operation
1.1 assess the methods available for managing materials
1.2 explain the principles involved when procuring
equipment and the ongoing requirements over the life of
that equipment
LO2 Understand how the
procurement strategy
contributes to the
achievement of an
engineering operation’s
objectives
2.1 recommend procurement systems and processes with
related performance indicators and benchmarking for an
engineering operation
2.2 analyse the risks involved in a procurement strategy
2.3 examine the role of the procurement officer within an
engineering operation
LO3 Understand the importance
of the procurement
contract and its application
to engineering operations
3.1 explain the importance of a procurement contract
3.2 evaluate the sourcing issues for a procurement situation
using a range of suppliers
3.3 review the management techniques used to appraise and
evaluate the suppliers of an engineering management
operation
LO4 Understand procurement
pricing and management
strategies within an
engineering organisation
4.1 explain the management strategies that can be used to
maximise the purchasing power of the procurement
officer
4.2 compare pricing management techniques used in an
engineering procurement situation
LO5 Be able to review and
evaluate procurement
strategies within an
engineering organisation
5.1 plan a review and evaluation to measure the success of a
company’s procurement strategy
5.2 conduct a review and evaluation for a procurement
scenario in an engineering operation.
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