Institute of Commercial Management | Qualification Subject

Purchasing & Materials Management

Main Topics of Study

Scheduling Parts for Manufacturing Projects

  • Scheduling framework
  • Collating material requirements
  • Line of balance
  • Computer solutions

Purchasing – Principles and Initial Ordering

  • Purchasing and materials control
  • Purchasing cycle
  • Purchase order; commercial conditions of purchase
  • Incoterms
  • Specifying the goods
  • Timing of orders and deliveries
  • Purchase quantities

Purchasing – Post Order Activities and Materials Control

  • Purchase order amendments
  • Expediting
  • Shortages
  • Pareto principle and stock management
  • Project or stock purchasing
  • Project purchasing as a condition of contract
  • Stores administration
  • Materials management as shared or common service

Purchasing – Procedures for Capital Projects

  • The purchasing organisation
  • Purchase control schedules
  • Purchase specifications
  • Purchase enquiries
  • Bid evaluation
  • Purchase requisitions and orders
  • Specification
  • Enquiry and order numbers
  • Quality and progress
  • Vendors’ documents
  • Shipping, port and customs formalities
  • Purchase order status reports

Recommended Reading

Main Text:

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Project Management - Dennis Lock (Gower)

Indicative Text:

Alternative Text and Further Reading:

Purchasing Systems & Records - P Baily (Gower)