Purchasing & Supply Management

by PSM College

This thorough diploma will provide in-depth knowledge of the complete purchasing and supply functions at an intermediate and advanced level.

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img Duration

5 Days

Course Details

Course Contents:

  • An intermediate course designed to provide a solid level of education and training to professional buyers and materials managers. This thorough diploma will provide in-depth knowledge of the complete purchasing and supply functions at an intermediate and advanced level.

  • Instruction is highly participative, with the emphasis on case studies and group work.

  • Our Training Facilitators are experienced senior managers within the purchasing profession.

 

Duration

  • 5 days full-time (weekdays) or 12 weeks part-time (Saturday mornings) or 2-12 months by correspondence. The average learner will need approximately 145 hours consisting of 48 hours of tuition and 97 hours for readings and assignments, to successfully complete the diploma.

 

Assessment

  • 12 written assignments (one following the completion of each learning module) and 1 final written examination or job-related report.

 

Accreditation

  • This programme is a short course aligned with the  latest  industry standards and protocols. Successful learners will be issued a PSM College Certificate.

 

Course Objectives

  • Provide students with modern theory and practice of the purchasing and supply function.

  • Develop an awareness of the policies and procedures involved in purchasing and supply management.

  • Stress the importance of professional purchasing and the magnitude of savings that can be realized.

 

Course Content

  • Introduction To Purchasing: The importance of the purchasing function; profit making potential of purchasing; the scope & role of purchasing; the components of total cost & improvement decision; the materials management concept.

  • Organization Of Purchasing: Responsibilities & objectives of the purchasing function; department organization; purchasing & inter-departmental relationships, typical purchasing job description; centralization & decentralization.

  • Purchasing Principles: Concept of ethics; standards and considerations; purchasing obligations; buyer-seller relationships, gifts gratuities and entertainment; reciprocal trading.

  • Purchasing Policies & Procedures: Establishing basic purchasing policies; definition and use of purchasing procedures; purchasing policies and procedure manuals.

  • Supplier Evaluation Techniques: Objectives; supplier selection; supplier visits; evaluating suppliers; rating systems; single versus multiple sourcing.

  • Supplier Quality Assurances: Definition of quality; quality specifications; departmental responsibilities for quality control; ISO 9000 quality assurance programmes.

  • Legal Aspects Of Purchasing: General principles of the law of contract; legal aspects of a contract of sale; purchase order and contracts; purchase terms and conditions; purchasing; the company and the law.

  • Negotiation: Definition of negotiation: communication; negotiation objectives, when to negotiate; buyer’s role in negotiation; techniques of negotiation; the marketing side of negotiation.

  • Price Determination: Economic consideration, price setting methods; price related to cost; analyzing manufacturing costs, the learning curve; discounts, tender and tender analysis, contract price adjustment.

  • Inventory Management: Introduction to stock control; introduction to inventory management; safety stock; re-order & service levels; how the EQ equation works; classification of stock; the choice of stock management systems.

  • Purchasing Operations: Planning and budgeting of purchasing; make or buy analysis; capital equipment and leasing; value analysis/value engineering.

  • Management of Purchasing: Purchasing & management interface; purchasing department records; assessing purchasing department records; assessing purchasing performance; shortages; obsolescence & inflation; purchasing & the computer; training & staff development.

  • Alberton North Branch

    52 6th Ave, Alberton North, Alberton

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