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

Example Candidate Response Booklet

Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).

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)