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“Purchasing Must Become Supply Management."

13,499.00
Course Access

6 months

Last Updated

July 28, 2022

Students Enrolled

22

Total Video Time

16 minutes

Posted by
Certification

Topics Covered in the Course:

1- Basics of Procurement
  • Role of Procurement in Supply Chain
  • Evolution of Procurement & SCM
  • Procurement Cycle
  • Sustainability
2- Strategizing Procurement
  • Strategic Procurement Tools
  • Value Engineering vs. Value Analysis
  • Category Management vs. Strategic Sourcing
3- Strategic Sourcing
  • Data Collection & Spend Analysis
  • Market Research
  • Sourcing Strategy
  • RFx Process
  • Supplier Evaluation & Selection
  • Long Term Agreement
4- Effective Negotiation
  • Strategies & Tactics
  • Preparing for Negotiation
  • Practical Tips
5- Contract Management
  • Formation of Contract
  • Types of Contract
  • Dispute Resolution
  • Scope of Contract Management
  • KPIs & SLAs
6- Supplier Relationship Management
  • Supplier Performance Management
  • SRM Framework
  • Develop & Execute Supplier Exit Strategies
  • Supplier Certification
7- Future of Procurement (Digital Transformation)
  • Procurement Journey from Procurement 1.0 to Procurement 4.0
  • Overview of disruptive Technologies
  • Use of IOT, Big Data Analytics, AI, & RPA

Course Requirements

1-2 yrs experience in the SCM field.

Course Description

In many companies, Procurement, perhaps more than any other business functions is wedded to routine. Most of the Procurement Management Skills were formed 20 years back in an era of relative stability, and they have not changed. Now especially after the recent pandemic, no company can lag behind to cope with disruptions. There is an urgent need to build Resilience, Agility, and flexibility in the Procurement & Supply Chain. This course aims at transforming Procurement from a Reactive to a Strategic Function. 
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    • The AI Quiz 00:06:00

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