Procurement & Supply Management

1. Understand procurement principles.
2. Apply inventory management techniques.
3. Evaluate supplier performance.
4. Negotiate contracts effectively.
5. Analyze market trends.
6. Comply with ethical standards.

13 weeks, about 120 hours in total. Yours will differ.

1. Week 1Module 1: Introduction

   • Unit 1: The Conceptual Framework and Objectives of Procurement and Supply Function · 8 hours

     Define procurement and supply.. Identify key procurement variables.. Discuss the functions of a purchasing department.. List the objectives of purchasing.. Explain the advantages of effective procurement..

2. Week 2Module 1: Introduction

   • Unit 2: Procurement Cycle and the Internal Organisational Relationship · 8 hours

     Explain the nature of a procedure.. List and comment on each step of the purchasing cycle.. Describe the interrelationships between the purchasing department and other organizational units..

3. Week 3Module 1: Introduction

   • Unit 3: Purchasing Organization and Concept of Centralisation and Decentalisation of Purchasing Authority · 8 hours

     Locate the position of purchasing in different organizations.. Sketch out various forms of organizational structure for purchasing.. Explain reasons for different status given to purchasing.. Explain single plant and multi-plant firms.. Discuss centralization and decentralization of purchasing authority..

4. Week 4Module 1: Introduction

   • Unit 4: Quality Assurance Activities · 8 hours

     Define quality and the right quality.. Discuss issues involved in specifying quality for materials.. Explain the meaning and process of standardization.. Describe value analysis approaches.. Highlight and discuss different types of inspection.. Comment on how quality is described..

5. Week 5Module 1: Introduction

   • Unit 5: Supplier's Selection Activities · 8 hours

     State and discuss factors in supplier selection.. Highlight and comment on sources of supplier information.. Describe both qualitative and quantitative processes of supplier evaluation..

6. Week 6Module 2: Pricing and Procurement

   • Unit 1: Pricing Procedures in Procurement and Supply Function · 8 hours

     List the importance of obtaining materials at the right price.. State the role of price in purchasing.. Describe how buyers obtain prices.. Highlight factors influencing price setting.. Enumerate the uses and importance of discounts.. Discuss procurement timing policies..

7. Week 7Module 2: Pricing and Procurement

   • Unit 2: Managing Procurement Activities · 8 hours

     Define planning and apply planning steps to procurement activities.. Discuss the implications of budgeting and purchasing research activities..

8. Week 8Module 2: Pricing and Procurement

   • Unit 3: Procurement Practice and Methods · 8 hours

     State how the need to procure different materials arises.. Discuss purchasing capital goods, leasing, buying used equipment, and buying for resale..

9. Week 9Module 2: Pricing and Procurement

   • Unit 4: Management of Inventory · 8 hours

     Highlight various classifications of inventory.. Explain the economic principles behind stock control.. State and describe different approaches to stock control.. Comment on the problems associated with the EOQ model..

10. Week 10Module 2: Pricing and Procurement

    • Unit 5: ABC Analysis: The 80-20 Concept · 8 hours

      Identify and describe which items to control.. Explain the meaning of the 80-20 concept.. State the benefits of ABC analysis..

11. Week 11Module 3: Advanced Procurement Practices

    • Unit 1: Government Purchasing · 8 hours

      Highlight differences and similarities between industrial and government purchases.. State the roles of government purchasing agencies.. Explain tendering and the issues involved.. Describe how suppliers are selected under governmental purchases..

12. Week 12Module 3: Advanced Procurement Practices

    • Unit 2: Competitive Bidding Procurement · 8 hours

      Describe each type of competitive bidding.. State and explain the prerequisites of the competitive bidding process.. Discuss the issues involved in the waiver of competitive bidding..

    • Unit 3: Negotiated Procurements · 8 hours

      Define negotiation and state its objectives.. Comment on when negotiation is appropriate.. Highlight the requisite position and qualifications of the negotiator..

13. Week 13Module 3: Advanced Procurement Practices

    • Unit 4: Expediting or Follow-Up of Order · 8 hours

      Describe the nature of expediting work.. Explain the expediting process.. State the characteristics of a good expeditor.. Discuss the various methods of organization for expediting activity.. List the advantages of the expediting function..

    • Unit 5: Buying Internationally · 8 hours

      Define concepts associated with buying internationally.. Explain each of the approaches to international sourcing.. State the benefits of buying internationally and the problems associated with it..