Certified Purchasing and Material Management Professional

Course details

Every organization big or small depends on materials and services from other organizations to varying extents. These materials & services are obtained through exchange of money and the physical arrangement of it all. This function of business is responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide service to the customers at a pre-decided level and minimum cost. This concept is coined as Purchasing & Material Management.

Why should one take this certification?
Earning Vskills Purchasing and Material Management Professional Certification can help candidate differentiate in today's competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential.

Who will benefit from taking this certification?
This Course is intended for executives, senior executive and managers working in purchase or material management departments, wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression.

Table of Contents

Purchase Management

• Objectives of Purchasing
• Functions and responsibilities of Purchase Department
• Methods of Purchasing
• Purchase Organization Structure
• JIT Purchasing
• Agile Purchasing
• Sustainable Purchasing
• Green Purchasing

Strategic Management

• What is Strategy
• Organizational Strategy
• Strategy Development
• Strategic Management Process
• Strategic Sourcing
• Strategic Management Tools
• Strategic Role of Purchasing
• Procurement Portfolio Management
• Kraljic Portfolio Purchasing Model

Sourcing Strategy

• Sourcing Strategy Basics and Types
• Low-cost Country Sourcing
• Global Sourcing
• Offshore Outsourcing
• Outsourcing
• Sourcing Advisory

Ethics in Procurement

• What is Ethics?
• Ethics and Procurement
• Why Ethical
• Ethical Concepts and Principles in Procurement
• Unethical Practices Signs
• Unethical Practices Prevention Tools
• Ethical Procurement Requirements

Materials Management

• Objectives of Materials Management
• Functions of Materials Management
• Organization of Materials Management
• Need, Scope and Functions of Integrated Material Management

Material Planning

• Need for Material Planning
• Factors affecting Material Planning
• Tools of Material Planning
• Principles and Procedure for Material Planning
• Basic Concepts of MRP (Material Requirements Planning)
• MRP Processing
• Computer Application to MRP Process
• MRP reports - Database recording and maintenance
• Independent and dependent MRP system

Materials Budgeting

• Basic Concepts of Materials Budgeting
• Factors affecting Materials Budget
• Materials Budgeting and Accounting

Vendor Management

• Supplier Strategy
• System of Vendor evaluation
• Parameters for evaluation of Vendors Performance
• Social Audit
• Total Evaluation
• Vendor Negotiation
• Guidelines for Purchases through Tender and Negotiations
• Purchase Review

Contract Management

• Contract Definition
• Contract Elements
• Indian Contract Act
• Contract Management
• Contract Lifecycle Management
• Automating Contract Management
• Change Management
• Contract Compliance
• Procurement and Contract Management
• Purchase & Tender procedure

Material Classification, Standardisation and Codification

• Material Classification for Variety Reduction
• Basic Concepts of Codification
• Systems of Codification
• Classification by Codification
• Objectives and Scope of Standardization
• Simplification or Variety Reduction
• Levels of Standardization

Inventory Management

• Types of Inventory
• Types of Inventory Costs and Factors affecting Inventory
• Inventory Management Models
• Techniques of Inventory Control
• Inventory Performance Measurement
• Inventory Management Tools

Forecasting

• Introduction to Forecasting
• Forecasting Models
• Weighted Moving Average
• Causal Forecasting Models
• Linear Regression Analysis
• Multiple Regression Analysis
• Other Forecasting Methods
• Forecast Error
• Forecast Evaluations
• Forecast Management

Quality Management and IT

• Quality Management
• Lean
• 5S
• Quality Standards
• 9
• SAP ERP
• Cloud Computing

Updated on 01 March, 2021