Specification Development

It is important to spend time developing the specification detail to ensure consistency on pricing, product quality, operational functionality and products are fit for purpose in order to reduce the financial impact of the wrong specification further down the line. This is also a fair process for suppliers to ensure they are quoting on a like-for-like basis.

When developing specifications it is important to distinguish between product requirements and product preferences and build in tolerances for suppliers to adhere too and not to restrict supply and build cost into a product. This process often involves a number of cross functional stakeholders.

Fundamentals of specifications and key performance indicators

CPD 2This module considers the use of specifications when procuring products and services and how key performance indicators can be used to define and manage contractual performance.

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