1.1 assess the methods available for managing materials
The primary theme of the paper is 1.1 assess the methods available for managing materials in which you are required to emphasize its aspects in detail. The cost of the paper starts from $149 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.
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
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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