Procurement Training - United Kingdom

Technology Services

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Management with adaptable practices

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Procurement Training​ Course Outline

Module 1: Introduction to Procurement

  • What is Procurement?
  • Importance
  • P's of Procurement
  • Procurement vs Purchasing
  • Direct and Indirect Procurement
  • Why It’s So Important in Business?

Module 2: Procurement Objectives

  • Support Organisational Goals and Objectives
  • Support Operational Requirements
  • Develop Strong Relationships with Other Functional Groups
  • Manage the Procurement Process and the Supply Base

Module 3: Procurement Management Process

  • Difference Between Indirect, Direct, and Services Procurement
  • Procurement Process
  • What is the Procurement Process Flow?
  • Steps Involved in a Procurement Process
  • Why Should You Automate Your Procurement Management Process?
  • Tips to Optimising Profits via the Procurement Process

Module 4: Supplier Selection and Evaluation

  • Introduction
  • Flow Process for Supplier Selection and Evaluation
  • Supplier Evaluation Methods
    1. Analytical Hierarchy Process
    2. Weighted Point Method
    3. Categorical Method
    4. Cost Ratio Method

Module 5: Quality and Procurement

  • Definitions
  • Two Common Quality Systems/Programs Used by Vendors
    1. ISO Series
    2. Six Sigma
  • Advantages of Having ISO and Six Sigma Certifications

Module 6: Global Procurement

  • Globalisation
  • Globalisation Process
  • Globalisation Effects
  • AKA Sourcing
  • Factors to Consider for Transportation and Holding Costs
  • Transportation and Holding Cost
  • Monitoring and Improving
  • Advantages and Disadvantages

Module 7: Electronic Procurement

  • Types of e-Procurement
  • Elements of e-Procurement
  • Benefits and Risks
  • Investment Recovery (IR)
  • Scrap
  • Obsolete
  • Waste
  • Surplus
  • Increasing Value of Assets
  • Investment Recovery Software's
  • Potential Benefits

Module 8: Socially Responsible Procurement

  • Dimensions of Socially Responsible Procurement
  • Why SRP?
  • Implementing SRP
  • Risk-Based Approach to SRP

Prerequisites

There are no formal prerequisites for attending this Procurement Training course.

Audience

This Procurement Training course is suitable for anyone who wants to get familiar with the procurement process and want to pursue a career in it.

Procurement Training​ Course Overview

Procurement is the term that refers to the range of activities involved in buying goods or services. Procurement is the company's input part that consumes various purchased goods and services for making the final product of the business. The procurement process plays a vital role in producing quality goods and services at a low price, which is essential for buyer's business success. In today's digital era, effective procurement management will allow organisations to reduce costs, increase efficiency, and develop innovation with the help of the procurement process. This Procurement training will help individuals pursue their careers to work in international companies and meet suppliers' requirements effectively.

The Knowledge Academy's Procurement training course will provide delegates with a comprehensive knowledge of the procurement process. In this 1-day training course, delegates will start learning from the basics and go all the way to implement social reporting procurement. They will understand concepts such as support operational requirements, steps involved in the procurement process, supplier evaluation methods, types of e-procurement, etc. Our highly expert and experienced instructors will conduct this training and provide individuals with the necessary procurement knowledge.

Along with this, delegates will also learn the following concepts:

  • Develop strong relationships with other functional groups
  • Steps involved in a procurement process
  • Transportation and holding cost
  • Monitoring and improving
  • Investment recovery software
  • Risk-based approach to socially responsible procurement

After successfully attending this training course, delegates will be able to develop strong relationships with other functional groups. They can manage the procurement process and supply base in an organisation effectively. Delegates will also become efficient to increase the value of assets and implement socially responsible procurement efficiently.

  • Delegate pack consisting of course notes and exercises
  • Manual
  • Experienced Instructor

RESILIA® Foundation Examination Information

The purpose of the Foundation certification is to help you understand how decisions impact good and bad cyber resilience. It has a comprehensive approach across all areas and teaches you how to make good cyber resilience an efficient part of business and operational management.

RESILIA® Foundation exam format:

  • Question Type: Multiple choice
  • Total Questions: 50 questions per paper
  • Pass Mark: 30 marks required to pass (approx. 60%)
  • Duration: 100 minutes
  • Open Book: No, this exam is closed book
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