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Purchasing, Procurement and Inventory Management Course teaches you everything on the topic thoroughly from scratch so you can achieve a professional certificate for free to showcase your achievement in professional life. This Purchasing, Procurement and Inventory Management Training Course is a comprehensive, instructor-guided course, designed to provide a detailed understanding of the nature of the related sector and your key roles within it.
To become successful in your profession, you must have a specific set of skills to succeed in today’s competitive world. In this in-depth Purchasing, Procurement and Inventory Management Training Course, you will develop the most in-demand skills to kickstart your career, as well as upgrade your existing knowledge & skills.
The training materials of this course are available online for you to learn at your own pace and fast-track your career with ease.
Key Features of the Purchasing, Procurement and Inventory Management Training Course :
Our trusted, high quality and affordable Purchasing, Procurement and Inventory Management Training Course trains individuals to become experts in their field.
- Accredited by CPD
- Instant e-certificate
- Fully online, interactive course with audio voiceover
- Developed by qualified professionals
- Self-paced learning and laptop, tablet, smartphone-friendly
- 24/7 Learning Assistance
- Discounts on bulk purchases
Sneak Peek of The Purchasing, Procurement and Inventory Management Course
Who Should Take The Purchasing, Procurement and Inventory Management Course
Anyone with a knack for learning new skills can take this Purchasing, Procurement and Inventory Management Course. While this comprehensive training is popular for preparing people for job opportunities in the relevant fields, it also helps to advance your career for promotions.
Accreditation
All of our courses, including this Purchasing, Procurement and Inventory Management Training Course, are fully accredited, providing you with up-to-date skills and knowledge and helping you to become more competent and effective in your chosen field.
Certification
Once you’ve successfully completed your Purchasing, Procurement and Inventory Management Course, you will immediately be sent a digital certificate. Our certifications have no expiry dates, although we do recommend that you renew them every 12 months.
Learning Outcomes
By the end of the Purchasing, Procurement and Inventory Management Course, learners will be able to:
- Discuss in detail the evolution of purchasing through procurement
- Demonstrate in-depth knowledge of the procurement cycle and purchasing cycle
- Understand the role of procurement in an organisation
- Identify needs in purchasing, plan a schedule and issue a purchasing order
- List the different elements of the purchasing and procurement toolkit
- Build positive relationships with suppliers and identify the stages of supplier integration
- Use a range of risk identification techniques when overseeing the procurement process
- Test for quality control and reliability, and evaluate supplier performance
- Demonstrate excellent knowledge of the principles of inventory management
Assessment
At the end of the Purchasing, Procurement and Inventory Management Training Course, there will be an online assessment, which you will need to pass to complete the course. Answers are marked instantly and automatically, allowing you to know straight away whether you have passed. If you haven’t, there’s no limit on the number of times you can take the final exam. All this is included in the one-time fee you paid for the course itself.
Course Curriculum
Module 01: Supply Chain Basics
In module one, we will deepen our understanding of the process areas within supply chain management, as well as the strategic roles of procurement. It also provides an overview of the evolution of purchasing through procurement.
Module 02: Role of Procurement in an Organisation
In module two, we will take a look at purchasing and supply in different types of organisations, broadening our knowledge of purchasing in the organisation structure.
Module 03: The Purchasing Cycle
In module three, we will familiarise with the steps in the purchasing cycle, with training in how to identify a need, plan a schedule, develop a system, issue a purchasing order, and carry out other key procedures.
Module 04: Purchasing Toolkits
In module four, we will take an in-depth look at the purchasing toolkit, covering fundamental topics such as cost and price analysis, categories of cost, and supplier evaluation.
Module 05: Managing Competitive Bids
In module five, we will learn about the management of competitive bids, with essential information on how to use a selection committee, use weighted analysis, and create a contract.
Module 06: Quality Management
In module six, we will explore the five approaches to quality management, from how to implement a quality system to defining specification and the types of specification.
Module 07: Supplier Relationship Management
In module seven, we will take a look at collaborative business relationships, exploring the stages of the collaborative relationship framework and the models of supplier relationships.
Module 08: Analysing and Reducing Risk in the Supply Chain
In module eight, we will take an in-depth look at the risk management process, exploring key topics such as the internal and external drivers of key risks, as well as risk analysis methods and techniques.
Module 09: Improving Efficiency and Accuracy
In module nine, we will learn how to evaluate supplier performance, covering the seven Cs of supplier evaluation. It also explores quantitive approaches to supplier evaluation and service level agreement.
Module 10: Category Management
In module ten, we will explore the different categories and themes of category management, as well as capital investment procurement and corporate travel.
Module 11: Inventory Management
In module eleven, we will explore the different areas of inventory management, from stock control and classification to material requirement planning and Lean methodology.
Module 12: E-procurement
This final module will gain a comprehensive understanding of the business-to-business process of requisitioning, ordering, and purchasing goods. It covers electronic data interchange, e-catalogues and e-auctions.
