Purchasing And Supply Management Course

Purchasing Management is a process used by organisations to acquire goods and services. Purchasing management is part of a much broader procurement process, which would generally include expediting, supplier quality, logistics and transportation.

It is a function that is responsible for professional management of an organisation’s interface with the supply market, to ensure its supply with the necessary services and goods that are provided by other organisations namely “suppliers”.  Purchasing can be linked and connected with strategic sourcing (supply planning, selection and contracting of supplier) and operative procurement (ordering of material, expediting and paying).

It is a process to ensure a safe and timely supply while achieving the target of meeting the cost of goods to contributing to innovation and strategic goals of an organisation to meet and achieve the competitive advantage through smart purchasing.

Supply Management is a segment that supports identifying, acquiring and managing suppliers and resources that are of key importance and are essential to the operations of an organisation. Supply management consists of purchasing of physical goods, information services or any other resources that enable the organisation to continue operating and growing and achieve the goals to drive to the organisation vision.

Supply Management can be stated as a systematic business process that goes a step further than procurement to include the coordination of pre-production, logistics and inventory management, along with budgeting, and other key essential information that is required for running day to day operations smoothly.

This Zoe training course aims in empowering you with comprehensive knowledge and understanding about Purchasing and Supply Management.

This course will support navigating through complex challenges which you encounter in your day-to-day operations and will help to upscale your current capabilities, and further help to equip you better by teaching how to use analytical and logical strategies for smooth functioning of logistics operations.

Course Objectives:
The main objective of this Purchasing and Supply Management Course is to empower participants to:

• Define and establish the strategic role of the purchasing department
• Conduct and implement accurate supplier evaluation
• Effective negotiation strategies with suppliers
• Elucidate the importance of value analysis in purchasing
• Build process to improve the efficiency of the purchasing department
• Support performance evaluation through Key Performance Indicators (KPIs)