210710 Operational Procurement and Contract Administration

Description

Businesses need to optimise purchasing functions across their supply chains to secure the required materials, information and resources in the quantity, place, time required and at the best price. Operational procurement and contract administration collectively enable the purchasing of goods and services, contract management, delivery management, and complaints procedures. This subject teaches learners the fundamentals of operational procurement processes and strategies and delivers students an understanding of legal concepts for contract administration when managing relationships across supply networks. Learners develop the skills to evaluate potential legal risks and administer dispute resolution processes. Learners critically analyse procurement and contract issues, whilst identifying and reflecting on relevant ethical implications.