Course Summary:

This course covers the fundamental principles and practices of purchasing and procurement management, with a focus on materials management, negotiation strategies, special purchasing applications, and supply chain management.

The Purchasing and Supply Management course provides participants with an overview of the purchasing and supply management function, materials management, negotiation strategies, special purchasing applications, and advanced logistics and supply chain management concepts.

The course is designed to equip participants with the knowledge and skills needed to manage the purchasing and supply chain function effectively.

Learning outcomes of the course:

Upon completing the Purchasing and Supply Management course, participants can expect to achieve the following learning outcomes:

1. Understanding of Purchasing and Supply Management Fundamentals: Participants will gain a solid understanding of the fundamentals of purchasing and supply management, including the role of purchasing and procurement managers, the purchasing process and procurement cycle, and the ethics and legal considerations in purchasing and procurement.
2. Knowledge of Materials Management Fundamentals: Participants will gain an understanding of materials management, including inventory planning and control, materials requirement planning, and warehouse management and distribution.
3. Ability to Analyze Supplier Costs and Develop Negotiation Strategies: Participants will learn how to perform price/cost analysis, analyze supplier costs and pricing strategies, and develop negotiation strategies to negotiate contracts and agreements effectively.
4. Understanding of Special Purchasing Applications: Participants will gain knowledge and understanding of special purchasing applications, including purchasing for services and capital goods, international purchasing and global sourcing, public procurement and government contracts, and e-procurement and technology applications.
5. Ability to Manage Advanced Logistics and Supply Chain Management: Participants will learn advanced concepts in logistics and supply chain management, including supply chain design and network optimization, transportation and distribution management, and supply chain risk management.

Overall, participants will be equipped with the knowledge, skills, and ethical considerations required to manage the purchasing and supply chain function effectively and efficiently.

Who should take this course?

The Purchasing and Supply Management course is ideal for individuals who are responsible for managing the purchasing and supply chain function, or those who aspire to work in this field. The following professionals can benefit from this course:

1. Purchasing and Procurement Managers
2. Supply Chain Managers
3. Logistics Managers
4. Inventory Managers
5. Materials Managers
6. Procurement Officers
7. Contract Managers
8. Operations Managers
9. Buyers
10. Sourcing Managers
11. Vendor Managers
12. Project Managers

The course is suitable for individuals who work in various industries, including manufacturing, retail, healthcare, government, and service sectors, among others. The course is also useful for anyone seeking to enhance their knowledge and skills in purchasing and supply chain management.

Course Duration: This course can be completed in 4-8 Days,+/-  depending on your needs.

Course Outline:

1. Introduction to Purchasing and Supply Management
2. Overview of purchasing and supply management
3. Role of purchasing and procurement managers
4. Purchasing process and procurement cycle
5. Ethics and legal considerations in purchasing and procurement
6. Materials Management Fundamentals
7. Understanding materials management
8. Planning and controlling inventory
9. Materials requirement planning (MRP)
10. Warehouse management and distribution
11. Price/Cost Analysis and Negotiation Strategies
12. Understanding price/cost analysis
13. Analysing supplier costs and pricing strategies
14. Developing negotiation strategies
15. Negotiating contracts and agreements
16. Special Purchasing Applications
17. Purchasing for services and capital goods
18. International purchasing and global sourcing
19. Public procurement and government contracts
20. E-procurement and technology applications
21. Advanced Logistics and Supply Chain Management
22. Logistics and supply chain management overview
23. Supply chain design and network optimization
24. Transportation and distribution management
25. Supply chain risk management