Procurement Management

Course details

TWG Offer 5 units of the Procurement Management Diploma Program
The course duration of every unit is 3 days
After sucessfull completion of every unit, the candidates will get individual certificate of every unit
Upon Sucessfull complition of all 5 Units, the candidate can appear for the Diploma Exam conducted by the PECB Board

Unit 1 - Contexts of Procurement & Supply
Explain the categories of spend that an organisation may purchase
Analyse the different sources of added value in procurement and supply
Compare the concepts of procurement and supply chain management
Differentiate the stakeholders that a procurement or supply chain function may have
Explain the main aspects of sourcing processes
Analyse the main stages of a sourcing process
Explain how electronic systems can be used at different stages of the sourcing process
Analyse the relationship between achieving compliance with processes and the achievement of outcomes
Explain the main aspects of corporate governance of a procurement or supply chain function
Analyse the impact of organisational policies and procedures on procurement
Compare the different structures of a procurement or supply chain function
Explain the common IT systems that can be used by a procurement or supply chain function
Identify different economic and industrial sectors
Analyse the impact of the public sector on procurement or supply chain roles
Analyse the impact of the private sector on procurement or supply chain roles
Analyse the impact of the not for profit or third sector on procurement or supply chain roles

Unit 2 - Business Needs in Procurement & Supply
Analyse how business needs influence procurement decisions
Explain how costs and prices can be estimated for procurement activities
Explain the criteria that can be applied in the creation of a business case
Explain the operation of financial budgets for the control of procurements
Assess different types of specifications used in procurements of products or services
Explain the content of specifications for procurements
Develop examples of key performance indicators (KPIs) in contractual agreements
Explain sources of contractual terms for contracts that are created with external organisations
Interpret examples of contractual terms typically incorporated into contracts that are created with external organisations
Assess the main types of pricing arrangements in commercial agreements
Differentiate outsourcing from other types of procurement
Assess how outsourcing can impact on procurement
Develop a plan for procuring outsourced work or services

Unit 3 - Sourcing in Procurement & Supply
Explain the sourcing process in relation to procurement
Compare the main approaches to the sourcing of requirements from suppliers
Develop selection and award criteria that can be commonly applied when sourcing requirements from external suppliers
Explain the main consequences on supply chains when sourcing requirements from suppliers
Choose appropriate selection criteria to inform the identification of appropriate external suppliers in the sourcing plan
Choose a balance of commercial and technical award criteria in the sourcing plan
Produce a plan for the sourcing of goods or services from external suppliers
Identify the main sources of information on potential suppliers' financial performance
Calculate measures of liquidity, profitability, gearing, investment from relevant financial data on potential suppliers
Evaluate the financial performance of potential suppliers using relevant financial data
Assess commonly used sources of information on market data that can impact on the sourcing of requirements from external suppliers
Explain the main processes used for obtaining quotations and tenders
Evaluate the criteria that can be commonly applied to the assessment of quotations or tenders
Explain how electronic systems can be used to help the sourcing of requirements from external suppliers
Analyse the main legislative, regulatory and organisational requirements when sourcing in the not for profit, private and public sectors, and international suppliers

Unit 4 - Negotiating & Contracting in Procurement & Supply
Unit 5 - Managing Contracts & Relationships in Procurement & Supply Updated on 11 July, 2019