Chapter Name: Goods Procurement
Description:Covers the process of sourcing and purchasing goods, including supplier selection and negotiation.
Purpuse:To equip learners with the skills to procure quality goods at competitive prices, ensuring product availability.
Rational:Effective procurement ensures that businesses have the right products to meet customer demand.
Chapters Topics
Planning for the procurement process (PFP)
Organizing and strategizing for purchasing goods or services, including considering factors like budget, timelines, and needs.
Supply chain including role-players and stakeholders
Understanding the network of people and organizations (suppliers, transporters, customers) involved in producing and delivering goods.
Procuring goods
The act of sourcing and purchasing goods needed for business operations.
Supplier payment methods
Ways to pay suppliers, such as EFT, credit terms, cash on delivery, or invoicing systems.
Transportation and delivery of goods
Methods of moving goods from suppliers to the business, and the logistics involved in ensuring timely and safe delivery.