What you'll learn

Procurement Management Course

Overview

Procurement is a pivotal function that spans the entire lifecycle of acquiring goods, services, or works from external sources. This dynamic course provides participants with a comprehensive understanding of the procurement process, from the identification of needs to supplier management and final delivery oversight. Through a strategic lens, participants will gain insights into effective sourcing, contract negotiation, and supplier relationship management.

Course Objectives

• Develop knowledge about procurement transactions, including Requisition, Purchase Order, RFQ, and BPO.
• Explore vendor management and techniques for evaluating vendor performance.
• Participants will learn how procurement interacts with logistics, inventory management, and distribution to optimize overall supply chain efficiency.
• Understand the processes in the context of business requirements.

• Requisition, RFQ
• Blanket Purchase Order, Release Purchase Order
• Material Receipt, Drop Shipment
• Vendor Returns and Replenishment Rules