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Procurement for Supply Chain Management

Level 5 Endorsed Diploma |150 CPD Points | Advanced Audiovisual Lessons, Exam & Full Tutor Support


One Education

Summary

Price
Save 36%
£12 inc VAT (was £19)
Offer ends 31 March 2024
Study method
Online
Duration
360 hours · Self-paced
Access to content
12 months
Qualification
No formal qualification
CPD
150 CPD hours / points
Achievement
Certificates
  • Certificate of completion - £9
  • Certificate of completion - £15
  • Certificate of completion - £109
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

55 students purchased this course

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Overview

Learn at your own pace, anytime and anywhere with our online course.

An organisation incurs significant annual expenses due to procurement. An individual with business acumen, the necessary skills, and expertise in procurement will always be in demand and receive a generous wage package.

Individuals who complete this online course will have the skills and information necessary to function as successful procurement professionals. You will acquire knowledge of the numerous facets of procurement, including how to organise, plan, and manage projects, how to find suppliers, how to pick the best ones, and how to negotiate with them, as well as how to make sure that procurement rules and standards are being followed. A variety of topics are covered in the course, such as contract management, sourcing and supply chain management, procurement strategies, and procurement management.

Learning Outcomes:

Here are a few important skills you will achieve from our course:

  • Acknowledge the foundations of procurement and the significance of this discipline to corporate operations.
  • Organise, schedule, and oversee procurement initiatives
  • Locate, pick, and bargain with suppliers
  • Evaluate and put into practice procurement laws and norms.
  • Identify and use procurement tactics
  • Comprehend and use supply chain and source management
  • Detect and use contract management

Procurement course is endorsed by the Quality Licence Scheme, ensuring your newly acquired skills will enhance your professional development.

Key Features:

  • Quality Licence Scheme endorsed
  • CPD Accredited Course
  • Lifetime Access & 24/7 Support
  • Self-paced course modules

Achievement

CPD

150 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

Module Attributes:

The course has been meticulously designed to deliver maximum information in minimum time. This approach enables students to easily comprehend the core concepts and confidently apply them to diverse real-life scenarios.

Course Curriculum:

This online course is designed with the following modules:

Module 01:
Supply Chain Basics

  • Defining Supply Chain Management
  • Procurement & Its Strategic Role
  • The Evolution of Purchasing
  • Reducing Time to Market
  • Procurement Summary
  • Assessment

Module 02:
Role in an Organisation

  • Purchasing and Supply in Different Types of Organisation
  • Centralisation & Decentralisation
  • Methods of Organising the function
  • Departmental Organisation
  • Purchasing in the Organisation Structure

Module 03:
The Purchasing Cycle

  • The Steps in the Cycle
  • Additional Points to Consider
  • Identifying a Need
  • The Purchase Requisition
  • Material Requirements
  • Planning Schedule
  • Developing a System
  • Identifying Suppliers
  • Issuing the Purchase Order
  • Issuing a Change Order
  • Invoice Auditing

Module 04:
Purchasing Toolkits

  • Analysing the Price
  • General Economic Issues
  • Variable-Margin Pricing
  • Six Categories of Cost
  • Analysing Costs
  • Evaluating Suppliers

Module 05:
Managing Competitive Bids

  • RFP’s and RFQ’s
  • Using Weighted Analysis
  • The Halo Effect
  • Using a Selection Committee
  • Elements of the Analysis
  • Creating a Contract
  • Ethical Considerations

Module 06:
Quality Management

  • Defining Quality
  • Quality System
  • Specifications
  • Defining Specification
  • Standardisation
  • Quality Assurance & Quality Control
  • Tests for Quality Control and Reliability

Module 07:
Supplier Relationship Management

  • Defining Supplier Relationship Management
  • Collaborative Business Relationships
  • Relationship Formation
  • Models of Supplier Relationships
  • The Termination of Relationships

Module 08:
Analysing and Reducing Risk in the Supply Chain

  • Defining Risk Management
  • The Risk Management Process
  • Internal and External Drivers of Key Risks
  • Risk Description
  • Risk Estimation
  • Risk Identification Techniques
  • Risk Analysis Methods and Techniques
  • Best Practice of Risk management

Module 09:
Improving Efficiency and Accuracy

  • Reason for Evaluating Supplier Performance
  • Things to Evaluate
  • Quantitative Approaches to Supplier Evaluation
  • Service Level Agreement
  • The Seven Cs of Effective Supplier Evaluation

Module 10:
Category Management

  • Introduction to Category Management
  • Categories of Category Management
  • Themes of Category Management
  • Category Management Risk Profiling
  • Corporate Travel
  • Capital Investment

Module 11:
Inventory Management

  • Introduction
  • Provisioning System
  • Order Quantities & Stock Control
  • Material Requirement Planning (MRP)
  • Defining MRP
  • The Main Features of an MRP System
  • MRP2
  • Distribution Resource Planning
  • Enterprise Resource Planning
  • Lean & Agile Supply

Module 12:
E-Procurement

  • E-SCM & E-Procurement
  • Electronic Data Interchange (EDI)
  • E-Hub, Exchanges, Portals, Marketplace
  • E-Catalogue
  • E-Auction
  • E-Payment

Method of Assessment

  • MCQ Based
  • Passing Marks 60%
  • Instant Assessment and Feedback

Certification:

  • QLS Endorsed Certificate
  • CPD Accredited (CPD QS) Certificate
  • Both PDF & Hardcopy certificates are available

Who is this course for?

  • Anyone involved in supply chain management or purchasing, such as purchasing managers, supply chain managers, and procurement experts, should take this course.
  • For individuals wishing to work in supply chain management, it is also advantageous.

Requirements

There are no specific prerequisites to enrol in this course. Anyone and everyone can take this course.

Career path

After passing this online course, explore opportunities including the following:

  • Procurement Professional (£30,000 to £60,000)
  • Supply Chain Manager (£24,000 to £48,000)
  • Purchasing Manager (£30,000 to £60,000)
  • Procurement Analyst (£30,000 to £75,000)
  • Supply Chain Analyst (£24,000 to £60,000)
  • Supply Chain Coordinator (£24,000 to £48,000)
  • Procurement Officer (£20,000 to £45,000)

Questions and answers


No questions or answers found containing ''.


Antonio asked:

How are the evaluations, online or in a classroom?

Answer:

Dear Antonio, Thank you for your questions. There will be an MCQ-based online exam at the end of the course. Thanks

This was helpful. Thank you for your feedback.

Certificates

Certificate of completion

Digital certificate - £9

CPD Accredited Certification from One Education

After successfully completing this course, you will qualify for the CPD accredited certificate from One Education, as proof of your continued professional development. Certification is available in both PDF & hardcopy format, which can be received by paying:

  • PDF Certificate: £9

Certificate of completion

Hard copy certificate - £15

  • Hardcopy Certificate (within the UK): £15
  • Hardcopy Certificate (international): £15 + £10 (postal charge) = £25

Certificate of completion

Hard copy certificate - £109

Endorsed Certificate of Achievement from the Quality Licence Scheme

After successfully completing this course, learners will be able to order an endorsed certificate as proof of their achievement. Hardcopy of this certificate of achievement endorsed by the Quality Licence Scheme can be ordered and received straight to your home by post, by paying —

  • Within the UK: £109
  • International: £109 + £10 (postal charge) = £119

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.