Procurement Strategies for Cost-Effective Procurement

The Procurement Fundamentals course is designed to provide participants with a comprehensive understanding of procurement principles, strategies, and best practices. Whether you are new to the field or seeking to enhance your existing knowledge, this Procurement course will equip you with the essential skills and techniques to excel in procurement and contribute to the success of your organization.

The Procurement course and its curriculum overview have been professionally prepared by qualified teachers, much like the rest of our well-liked and distinctive courses. Enrol in the Procurement course right away to give yourself the tools you need to succeed.

The Procurement course is divided into several in-depth units, each of which covers a crucial element of earning that you can use in the job.

Since the Procurement training program is self-paced, you may study whenever and wherever you choose using any internet-capable device. For all sorts of learners, this Procurement course is perfect.

Course Objectives of Procurement Course:

• Understand the role and importance of procurement in organizational success.
• Comprehend the key principles and concepts of procurement.
• Identify and evaluate different procurement strategies.
• Apply effective procurement planning and forecasting techniques.
• Develop and implement robust supplier selection and evaluation processes.
• Negotiate and manage contracts to maximize value and minimize risk.
• Understand the ethical and legal considerations in procurement.
• Utilize technology and data analytics for informed decision-making in procurement.
• Implement effective supplier relationship management strategies.

• Module 01: Introduction to Procurement Management 06:00

  • 1: Introduction to Procurement Management 06:00

• Module 02: Strategic Procurement 08:00

  • 2: Strategic Procurement 08:00

• Module 03: Logistic and Supply Chains 08:00

  • 3: Logistic and Supply Chains 08:00

• Module 04: Quality Management 06:00

  • 4: Quality Management 06:00

• Module 05 Project Procurement and Risk Management 07:00

  • 5: Project Procurement and Risk Management 07:00

• Module 06: The Purchasing Negotiation 07:00

  • 6: The Purchasing Negotiation 07:00

• Module 07 Contracts and the Legal Aspects of Procurement 06:00

  • 7: Contracts and the Legal Aspects of Procurement 06:00

• Module 08: The Procurement Function’s Internal Relationships 05:00

  • 8: The Procurement Function’s Internal Relationships 05:00

• Module 09: Sustainable Procurement 06:00

  • 9: Sustainable Procurement 06:00

• Module 10: e-Procurement 09:00

  • 10: e-Procurement 09:00

Why Enrol on Procurement Course with Texlearn Academy:

The following are some of the justifications for why you should study the Procurement course:

• Get Access to the Procurement course through the online learning platform
• Get 24/7 experienced tutor support
• The Procurement course is entirely online with high-quality course materials
• Complete the Procurement course 100% online from any internet-enabled device anywhere
• A very flexible course deadlines with full Lifetime access to the Procurement course

** Course Curriculum **

*** Procurement Course***

Module 01: Introduction to Procurement Management

• What Is Procurement
• Strategic Roles of Procurement
• Procurement as Organizational Buying
• World-Class Procurement
• The Status of Procurement and Supply Management (PSM)
• Reflections on Procurement Positioning in Business

Module 02: Strategic Procurement

• Strategic Thinking
• What Is Strategy
• Corporate Strategy
• Growth Strategies
• Business-Level Strategy
• Strategic Management
• Strategic Analysis
• Important Environmental Factors
• Internal Scrutiny
• Strategy Formulation
• The Evaluation of Alternative Strategies
• Strategy Implementation
• Post-Implementation Evaluation, Control and Review
• Strategic Procurement and Supply Chain Process Models

Module 03: Logistic and Supply Chains

• What is logistics?
• Materials, Logistics and Distribution Management
• Reverse Logistics
• Supply Chains
• Supply Chain Management (SCM)
• Supply Chain Vulnerability
• SCM and Logistics
• Value Chains
• Value Chain Analysis
• Supply Chain Optimisation
• Procurement - Supply Chains and Procurement

Module 04: Quality Management

• What Is Quality
• Quality Systems
• The Importance of TQM
• Alternatives to Individual Specifications
• Variety Reduction
• Quality Assurance and Quality Control
• Tests for Quality Control and Reliability
• The Cost of Quality

Module 05 Project Procurement and Risk Management

• Introduction
• The Project Lifecycle
• PID and the Project Procurement Strategy
• Role of Procurement Manager
• Project Risk Management
• Project Procurement Risk Management
• Project Procurement Management

Module 06: The Purchasing Negotiation

• The Principles of a Purchasing Negotiation
• Preparation
• Communication and Body Language
• Negotiating Stages
• Negotiating Methods
• Evaluating the Success of Negotiations

Module 07 Contracts and the Legal Aspects of Procurement

• Introduction
• Contract Essentials
• Contract Requirements
• Contract Types
• Other Contract Types
• Legal Authority and the Buyers’ Responsibilities
• Reviewing Contracts for Legal Requirements
• Aligning Contracts and Practices with Policy
• Maintaining Procurement Documents and Records

Module 08: The Procurement Function’s Internal Relationships

• Introduction
• Understanding Key Departmental Roles Developing Good Working Relationships
• Participating in Cross-Functional Operations
• Reengineering Supply Management

Module 09: Sustainable Procurement

• Introduction
• Sustainable Procurement Goals
• Sustainable Development
• What Is Sustainable Procurement?
• Sustainable Procurement Principles
• Sustainability and Cost Management

Module 10: e-Procurement

• Basics of e-Procurement
• Basic Types of e-Sourcing Models
• Basic Types of e-Ordering Models
• Aims of e-Procurement
• Practical Application of e-Auctions
• Determining the Potential of e-Ordering
• Cost-Benefit Analysis
• Critical Success Factors

Certification

You will receive a course completion Certification if you complete the Procurement course successfully.

When you apply for your preferred jobs, your Procurement course certificate will enable you to stand out from the competition by adding new, interesting abilities to your CV.

This Procurement course is perfect for professionals looking to expand their skill set and advance their careers as well as prospective students looking to expand their skill set.

You will get the information, knowledge, and techniques you need from this Procurement to build your confidence and advance your professional growth.

The Procurement course from Texlearn Academy has no formal entry requirements. Students must meet the following requirements in order to enrol in the Procurement course:

• Have a strong desire to learn
• Display a good understanding of the English language, and basic IT skills
• Be over the age of 16

In the procurement industry, there are several opportunities. Develop the requisite abilities and look into the opportunities in the following fields, including:

• Procurement Analyst
• Procurement Specialist
• Procurement Officer
• Purchasing Manager
• Procurement Manager
• Procurement Executive
• Procurement Director
• Procurement Manager
• E-procurement Manager
• Supply Chain Manager
• Stock Control Assistant

Reed courses certificate of completion

Digital certificate - Included