PSP60616 Advanced Diploma of Procurement and Contracting

Get Online Assignment Help on PSP60616 Advanced Diploma of Procurement and Contracting

Introduction:

Procurement and contract is the written agreement that is made between two parties. The two parties are the buyer and the seller. The buyer agrees to a certain purchase and in exchange for the payment. The procurement list contains all the items that a buyer needs and the seller tries to fulfill the demands of the seller by providing him with the items. There are certain steps of procurement. The first involves identification of the goods that a buyer needs, checking of all the services that a buyer demands. The second step involves contact and considers all the suppliers of those goods. The third step involves negotiation with the selected supplier. The fourth step is the finalization of the purchase order. Step five is receiving the invoice from the supplier and giving him the payment as per the negotiation. The sixth step is from the side of the seller; he must provide delivery and also audit the order. The last step is to maintain an accurate record of all the invoices. There are three types of procurement management the first one is fixed price procurement. In this type of procurement, the seller cannot negotiate. Another type is the cost-reimbursable which is the common procurement and the last one is the time and material. On the other hand, considering the contracts there are different types of contracts namely:

• Contract Types Overview.
• Fixed Price
• Adhesion contracts
• Express and Implied Contracts.
• Unilateral and Bilateral Contracts.
• Unconscionable Contracts.
• Aleatory Contracts.
• Option Contracts.

Qualification required

A learner must be employed in the same field. Being employed in senior management of procurement and contracting. This qualification reflects the role of individuals employed in a senior management role within procurement and contracting. It includes strategic planning and implementing negotiation for the price and documentation required. Individuals will use high-level analysis to plan, develop and implement a broad range of leadership and management initiatives to achieve results in line with organizational goals and strategic directions.

Entry requirement

Though there are no requirements for entry in this Assignment of advanced diploma of procurement and contracting. But as per the demand of the sector, the person should be managed and updated to work in this field. It would be great if the learner already had some of the experience or knowledge in this sector. The field of interior requires patience a lot, thus there should be some of the skills that a learner must-have for the betterment.

Assignment Details:

The Assignment has 15 units that must be completed by the learner. Out of the 15 units, 09 are core units and the rest 06 are the elective units.

For the elective units following information must be considered

• 06 elective units must be selected from the elective list below.
• 06 elective unit may be selected either from the list below or from elsewhere within this training package or imported from any other endorsed Training Package or accredited Assignment, provided the selected units contribute to the vocational outcome of the qualification and do not duplicate content already covered.

*there are further elective units. The details of the units can be taken from the official site of the government. There is no choice in the core units but the learner can select from the group of all the elective units.

Benefits

There are certain benefits that a learner can avail of through the advanced diploma of procurement and contracting. This Assignment is for the students that wanted to gain knowledge and study procurement and contracting in detail at a higher level. The development of any organization depends upon its management. Many people are engaged in procurement and contracting industry management and wanted growth in their careers. This Assignment can make their task easier by inculcating them with the skills of doing procurement and contracting better. There are many benefits and training that are given to the learners. The government is also approving this Assignment and many scholarships are provided to the learner from the government’s side. There are many benefits of doing this Assignment. Many people are getting salary hikes from the Assignment. There are many benefits offered to the learners. Many incentives and training are provided to the learners. Scholarships are also awarded. The government also provides loans to students who are not able to afford this Assignment. The Assignment of procurement and contracting is for students that have immense interest in this process. The students know the needs and demands of consumers. Many universities offer diplomas in this field. Students can pursue diploma Assignments in this field. And if a student wanted to pursue higher studies in the same field then the Assignment of advanced diploma in procurement and contracting is for them. There is a training program developed for the people who wanted to take their career at an advanced level from this Assignment. There are many programs designed for the advanced level in this Assignment. As per the records, the people who already have pursued the Assignment are happy with the advanced diploma in this Assignment. There are about 74% of the people who are satisfied with the Assignment of advance diploma. Furthermore, as per the records, this improves the status of work after this Assignment of the employees is 53% which is a good number. Besides these two advantages, there is a hike in the salary of the people after the completion of this Assignment.

Get PSP60616 Advanced Diploma of Procurement and Contracting Assessment Answers from Assignmenthelp Experts.