Purchasing and Procurement Basics
2 Days
HRD Corp Claimable
Course Overview
Procurement and purchasing play pivotal roles in successful organizations, involving more than just acquiring goods and services—they also cultivate collaborative supplier relationships. In the current global economy, procurement managers must possess a robust skill set to navigate the complexities of sourcing products globally. This course focuses on providing a solid grasp of procurement basics, covering crucial elements such as the supply chain, the procurement cycle, and tools for establishing successful supplier relationships. Topics include bid management, contract negotiation, and risk assessment, with ample opportunities for hands-on practice and real-world applications. By the course's conclusion, participants will have a comprehensive understanding of procurement fundamentals, along with the tools and strategies needed to make informed decisions that contribute to organizational success.
Course Modules
- Course Overview
- Supply Chain Management Basics
- The Purchasing Cycle
- The Purchasing Toolkit
- Managing Competitive Bids
- Improving Efficiency and Accuracy
- Analyzing and Reducing Risk in the Supply Chain
- Managing Internal Relationships
- Tools of the Trade
- Personal Action Plan
- Recommended Reading List
- Post-Course Assessment
Learning Objectives
- Describe what a supply chain is
- Describe your procurement department’s role within the organization
- Understand the principles of the purchasing cycle
- Apply the steps needed for managing a competitive bid process, from the request for proposals or qualifications through to negotiating the contract
- Know what it takes to set up a competitive bid for a contract
- Defend your position on why a particular supplier should be selected based on an evaluation strategy
- Be responsible for managing supplier performance, including controlling quality and setting and monitoring standards
- Apply the tools of the procurement trade, from PC-based applications to cloud- based solutions
Course Methodology
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Interactive Online Learning (using Quizzes, White Board, etc.) |
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Role-Plays |
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Storytelling |
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Mini-Lectures |
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Practical Works |
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Video Based Learning |
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Group Activities, Discussion & Presentation |
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Mini Projects |
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Problem-Based Learning (PBL) |
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Demo |
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Recap Sessions |
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Ice Breaking / Games |
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Pre-Assessment & Post-Assessment |
The exercises and activities incorporate “FUN” elements are thoughtfully selected to best suit the general corporate culture. Our expert trainer will ensure the exercises used are highly applicable to your industry in order to enable participants to apply the knowledge, skills and behaviour which they have obtained through this learning session.
Who Should Attend
This course is designed for New Hires, Purchasing Executives, Junior Executives, Purchasing Personnel and identified individuals in the organisation, integral to the business objectives and targets.
Course Duration
Two (2) Days
Important Note: Course Outline and Duration can be customised according to client's requirements
Things you would like to highlight or CTA
Elevate your procurement skills! Our course goes beyond the basics, offering a comprehensive understanding of procurement and purchasing essentials. Dive into supply chain dynamics, the procurement cycle, and strategies for building successful supplier relationships in today's global economy. Learn hands-on bid management, contract negotiation, and risk assessment topics. Equip yourself with the tools and strategies needed to make informed procurement decisions that contribute to organizational success. Enroll now to master the fundamentals and advance your career in procurement!
