Procurement & Purchasing

Course Overview

Procurement is one of the most challenging tasks for business organizations nowadays. Procurement function is usually mixed up with purchasing. Procurement function comprises of all activities starting from need analysis to supplier identification, finalization, contract, determining service level, contract management and follow up. Organizations treat procurement as part of their strategic management operations and consider it a source of competitive advantage over its competitors.

Objectives

This certification is specially designed to help Procurement Managers to understand the dynamics of procurement function, evaluate the challenges associated with different level of procurement function and apply earned knowledge to improve their working efficiency.

What one will learn?

• Significance of Procurement in Business Function
• Key elements and characteristics of Procurement
• Identifying need
• Economic Order Quantity & Just in Time Inventory procurement
• Supplier identification and prioritization
• Prices & Bargaining Strategies
• Determining Service Levels
• Dynamics of contracting
• Advanced Negotiation Skills
• Contract Management and ensuring service levels
• Key elements in creating strategic supplier relationship
• Monitoring & Review
• Handling problematic suppliers and contract breaches

Why Cyber Modo?

• Study with Qualified & Experienced Faculty
• Choose your own study time based on your availability
• Highly cost effective
• Concepts based study & real life case studies
• Get the advantage of most convenient location