Online Course and Certificate of Procurement

Posted by Virtuous Learning Certification on March 26th, 2021

The Course is designed for the processionals working in Procurement or Supply Chain Department or those who would like to start their career in Procurement or Supply Chain Department.

The course is equally fruitful for the professionals working in Local / International Sales / Export Sales departments as the Sales Department of one organization is linked with the Procurement department of other organization.

Whether we call it Procurement, Purchasing, Supply Management, Sourcing or Buying – these all belong to one operation and the activities, tactics and strategies associated with these jobs titles are of great importance to organizations.

This course provide learners the in-depth knowledge about the procurement from the identification of need, invitation of the budgetary proposals to the placement of purchase orders including General terms and conditions, Shipping terms and conditions, Financial terms and conditions and much more which will help to understand the function of procurement to the fresh learners and may provide the diverse ideas to the professionals presently working in procurement department.

In addition to standard procurement procedures the learners will have the knowledge and techniques of strategic procurement covering all important segments such as Internal Aspects, Sourcing Strategies, Supplier Relations and Contract Management, Purchasing Professionalism, Services Purchasing and Sustainability this will help learners to enhance their experience in this field and promote themselves from Executives to Managers, General Managers and Senior General Managers of Procurement / Purchasing / Supply Chain department. (Procurement Free Online Courses and Certificate)

Course Outline

Chapter 0) Introduction to Procurement Job

What is Procurement?

General Job Description / Responsibilities to be performed by Procurement Executive / Officer

Identification of Need or Requirement

Invitation of Budgetary Proposals

Request for Quotation (RFQ)

Quotation

Purchase Order

Terms and Conditions (RFQ, Quotation and Ultimately for the Purchase Order / Contract)

Delivery Period

Delivery Terms

Inco terms

Ex Works (EXW)

Free Carrier (FCA)

Carriage Paid To (CPT)

Carriage and Insurance Paid (CIP)

Delivered At Place (DAP)

Delivered at Place Unloaded (DPU), Formerly Deliver at Terminal (DAT)

Delivered Duty Paid (DDP)

Free Alongside Ship (FAS)

Free on Board (FOB)

Cost and Freight (CFR)

Cost, Insurance, and Freight (CIF)

3) Payment Terms

Payment in Advance:

Cash against Documents or Documentary Collection:

Open Account:

Letter of Credit:

Since Letter of Credit or Deferred Payment Letter of Credit:

4) Validity

5) Late Delivery (LD)

Force Majeure

Chapter 1) Introduction to Strategic Procurement

What is Strategic Procurement?

The Changing Role of Procurement

Strategic Procurement Process

Procurement Function / Procurement Process Model

> Specification Phase

> Selecting Phase

> Contracting Phase

> Ordering and Expediting Phase

> Evaluating Phase

Globalization and Strategic Purchasing 

Chapter 2) Internal Aspects 

Strategic Alignment & Internal Alignment

Vertical Internal Alignment

Organizational Strategies

Aligning Strategies

Make or Buy´ – Decision

Centralized or Decentralized Purchasing

Horizontal Internal Alignment

Introduction to the value chain and the position of the purchasing department

Horizontal Integration and the Role of Procurement

Cross-functional Integration

Internal drivers of the purchasing department

Performance Management

Organizational Performance and the Purchasing Department

Preventing a Misalignment

Barriers to Horizontal Integration and Purchasing Involvement

Maverick Buying

Chapter 3) Sourcing Strategies

Introduction to Sourcing Strategy

Place Sourcing Strategy in the Corporation

Global Sourcing

Category Management

Portfolio Model

Kraljic Matrix

Strategic Implementation Kraljic Matrix

Diversify Strategy

Balance Strategy

Effects of Globalization

Negative aspects Kraljic Matrix

Best Value Procurement

Movements inside Kraljic Matrix

Supplier Selection

Sourcing & Scouting for Suppliers

Supplier Base

Single VS Multiple Sourcing

Selection Criteria

Chapter 4) Supplier Relations & Contract Management

Introduction to Supplier Relationship Management

Supplier Relationship Management

Dyadic Relationship

Supplier Classification

Supply Chain Networks

Supplier Involvement

Joint Problem Solving

Relative Power

Supplier Integrative Capability

Supplier Relationship Portfolios

Contract Management

Supplier Evaluation and Relationship Models

Drivers and Barriers

> Trust

> Culture

> Communication

> Top Management Involvement

> Long-term commitment & Relation-specific Investments

> Shared Strategic Goals & Mutual benefits

Chapter 5) Purchasing Professionalism

Purchasing Profession

Skills

Development of Skills for a Purchasing Department

Identifying necessary skills

Developing Professional Purchasing Skills with Human Resource Management

Alignment with Strategy through Performance Measurement

Going Global

Cultural Differences and Consequent Skills Needed

Chapter 6) Purchasing Services

Introduction to Services

The Process of Purchasing Services

Importance of Purchasing Services

Make or Buy Decision in Services

Value of Service Purchasing

Key Challenges

Globalization Process

Sourcing Strategies

Relationship Management

Contract Management

Evaluation and Monitoring

Cultural Aspects of the Dimensions

Skills required for Purchasing Services

Relevant trends in Purchasing Services

Globalization and Its Impact on Purchasing Service Skills 

Chapter 7) Sustainability

Introduction to Sustainability

Definition and Principles of Sustainability

Sustainability and the Triple Bottom Line

Definition and Principles of Sustainability

Environmental Issues

Economic Issues

Social Issues

TBL’s Measurement

Relationship Suitability and the Strategic Procurement Function

Ethical Sourcing and Corporate Social Responsibility

The Effect and role of CSR on Purchasing

Principles of CSR and links to Ethical Sourcing

Relationship with Suppliers and Sustainable Purchasing Portfolio Model

Supplier Selection

Reputational Impact

Product Origin

Working Environment

Sustainable and Ethical Sourcing

Implications Sustainable Purchasing

Limitations

At the End)

References

Glossary

Concepts

Virtuous Learning Certification offers Free Procurement Online Course and Certificate & Supply Chain Management. We Provide Top Online Procurement Courses & Online Course and Certificate of Procurement.

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