Procurement

Know how to purchase the best possible items for a job so that items and equipment satisfy the quality and cost requirements set by the company and also match the specification of the job.

Knowledge Node Summary

A list of preferred suppliers is available for most purchasing needs. However, it is periodically necessary to check out potential new suppliers and it may also be necessary to conduct supplier searches for items not available from preferred suppliers. Items used from internal departmental sources such as the engineering manufacturing group are also considered to be items of procurement. However, these are governed by different procedures to external procurement.

A summary of expert opinion:

The knowledge named 'Procurement' is considered to be very important.
In addition, the knowledge is thought to be slightly difficult to replace, it is learned mainly by study but needs experience, and there are 1 person available to deliver this knowledge.
Opinion is that it it requires 1 person to deliver this knowledge, it is mostly generally used knowledge, and is quite stable knowledge.
The learn time for this node given an understanding of the prerequisites, is about 1 month. The estimated learn time for the entire knowledge structure of this node is about 3 months.