What I learn from this course?
The course modules outlined offer a comprehensive foundation in procurement management, covering essential topics ranging from supply chain management to ethics and international procurement. By understanding procurement processes, legal aspects, negotiation techniques, and market analysis, aspiring Procurement Managers can develop the expertise needed to excel in their roles. Practical experience through internships or on-the-job training complements theoretical knowledge, allowing individuals to apply learned concepts in real-world scenarios. Pursuing professional certifications such as CPSM or CIPS further validates one’s proficiency and enhances credibility in the field of procurement management.
* To find out the content of the course, click on “Curriculum” above.
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Curriculum
- 19 Sections
- 172 Lessons
- 10 Weeks
Expand all sectionsCollapse all sections
- Introduction to Procurement3
- Ethics in Procurement10
- Supply Chain Management3
- Procurement and Strategic Sourcing22
- 4.11- Strategic Sourcing Process
- 4.2Assessment and Planning
- 4.3Market Analysis
- 4.4Supplier Evaluation and Selection
- 4.5Negotiation
- 4.6Contract Development
- 4.7Implementation and Performance Monitoring
- 4.82- Procurement Strategies
- 4.9Centralized Procurement
- 4.10Decentralized Procurement
- 4.11Outsourcing
- 4.12Supplier Relationship Management (SRM)
- 4.13Risk Management
- 4.143- Negotiation Skills and Supplier Contracts
- 4.15Effective Communication
- 4.16Analytical Skills
- 4.17Problem Solving
- 4.18Flexibility
- 4.19Legal Knowledge
- 4.20Continuous Improvement
- 4.21Case Studies
- 4.22Rest
- Demand Planning and Forecasting13
- 5.11- Forecasting Methods and Technique
- 5.2Qualitative Methods
- 5.3Time Series Analysis
- 5.4Causal Models
- 5.5Simulation Models
- 5.6Machine Learning and Artificial Intelligence
- 5.72- Demand Variability and its Impact on the Supply Chain
- 5.8Bullwhip Effect
- 5.9Inventory Management
- 5.10Production Planning
- 5.11Supply Chain Resilience
- 5.12Case Studies
- 5.13Rest
- Supplier Relationship Management (SRM)16
- 6.11- Supplier Selection and Evaluation
- 6.2Strategic Alignment
- 6.3Performance Metrics
- 6.4Qualification Process
- 6.52- Contract Management
- 6.6Contract Developmen
- 6.7Risk Mitigation
- 6.8Flexibility and Adaptability
- 6.93- Collaboration and Communication with Suppliers
- 6.10Open Communication
- 6.11Collaborative Planning
- 6.12Conflict Resolution
- 6.13Information Sharing
- 6.14Performance Recognition
- 6.15Case Studies
- 6.16Rest
- Inventory Management3
- Logistics and Transportation12
- Warehousing and Distribution2
- Legal Aspects of Procurement21
- 10.11- Contract Law and Its Application in Procurement
- 10.2Formation of Contracts
- 10.3Contractual Capacit
- 10.4Offer and Acceptance
- 10.5Consideration
- 10.6Statutory Compliance
- 10.7Breach of Contract
- 10.82- Supplier Relationship Management (SRM)
- 10.9Supplier Selection
- 10.10Supplier Evaluation
- 10.11Collaboration and Communication
- 10.12Risk Management
- 10.13Continuous Improvement
- 10.143- Inventory Management
- 10.15Inventory Optimization
- 10.16ABC Analysis
- 10.17Just-in-Time (JIT)
- 10.18Inventory Tracking and Control
- 10.19Inventory Accuracy
- 10.20Case Studies
- 10.21Rest
- Negotiation Skills4
- Market Research and Analysis14
- 12.11- Conducting Market Research to Identify Potential Suppliers
- 12.2Define Requirements
- 12.3Identify Market Segments
- 12.4Use Multiple Sources
- 12.5Supplier Qualification Criteria
- 12.6Supplier Screening and Shortlisting
- 12.7Request for Information (RFI)
- 12.8Supplier References and Reviews
- 12.9Engage with Suppliers
- 12.102- Analyzing Market Trends and Supplier Capabilities
- 12.11Market Trends Analysis
- 12.12Supplier Capabilities Analysis
- 12.13Case Studies
- 12.14Rest
- Cost Analysis and Budgeting17
- 13.11- Cost Analysis in Procurement
- 13.2Direct Costs
- 13.3Indirect Costs
- 13.4Variable Costs
- 13.5Fixed Costs
- 13.6Total Cost of Ownership (TCO)
- 13.72- Budgeting and Financial Management in Procurement
- 13.8Strategic Budgeting
- 13.9Cost Estimation
- 13.10Cost Control
- 13.11Vendor Negotiation
- 13.12Financial Analysis
- 13.13Performance Measurement
- 13.14Risk Management
- 13.15Compliance and Governance
- 13.16Case Studies
- 13.17Rest
- Risk Management6
- Project Management12
- Technology in Procurement4
- Supplier Diversity and Inclusion2
- Communication Skills5
- International Procurement4
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