Summary of Unit 1
In today’s fast-paced global marketplace, procurement professionals do much more than order supplies and maintain inventory. This unit discusses the evolution of procurement and its significant role in making an organisation competitive. The unit also presented a framework for linking procurement decisions with the organisation’s competitive strategies.
It is important to build these understandings as the foundation for the other units of the course. The next unit will begin the journey focusing on the procurement functional activities and supply management.