Purchase & Procurements
Objective
To provide comprehensive knowledge and practical skills related to the purchase and procurement processes in a company, including departmental operations, material policies, documentation, and tender procedures. The course aims to equip participants with the ability to efficiently manage purchasing activities, ensure compliance, and effectively handle vendor relations.
Target Audience
This course is designed for graduates, postgraduates, and management personnel involved in procurement, as well as procurement officers, buyers, and supply chain managers who are involved in or wish to enhance their understanding of purchasing and procurement activities. It is also suitable for entrepreneurs, industrial professionals, inventory managers, administrative professionals working in purchasing roles, those in trade houses, government consultants, and new employees in procurement departments. Business owners looking to optimise their procurement practices will also benefit from the course, gaining insights that can be applied to improve overall procurement efficiency and effectiveness.
Duration of Course
4 weeks
Credit Weight
1 Credits
Certificate
A certificate will be awarded upon successful completion of the course, validating the practical knowledge and skills acquired.
Career Advancement
Participants will achieve a deep and practical understanding of procurement processes, which will allow them to streamline purchasing activities and reduce procurement cycle times. They will gain valuable skills in managing procurement documentation and vendor relations, learn about necessary compliance requirements, and develop expertise in tendering and material handling procedures. This advancement not only enhances operational efficiency but also positions participants as proficient professionals in procurement, capable of tackling common challenges and implementing effective policies. The students after completing this course can enhance their career prospects and job performance in procurement and supply chain roles along with acquiring positions like tender management, purchase assistant, purchase officers or as a workforce in the purchase department of any business.
Module - 1 Company & Purchase Overview
- Introduction of Company
- Introduction and Benefit of Courses
- Purchase & Purchase Departments
- Classification and Deployment Procedure
Module - 2 Purchase Policies & Compliance
- Material Purchase Policy
- Require Compliances in Purchase
- Time office & security office
Module - 3 Requisition & Tender Process
- Indent Requisition Slip
- Memo
- Quotation / Estimate
- Invoices / Bill
- Challan
- Bill material transfer memo
- Tender Policy
- Tender Documentation
- Selection of Vendors
Module - 4 Purchase Approval & Material Handling
- Purchase Order Limitations
- DMR
- GRN
- Approval procedures
- Material Inwards / Outwards Procedure
- Material Recordings
Learning Management System (LMS) Panel:
- Lifetime Access: Students can log in securely at any time.
Course Features
- Live Online Classes: Engage in real-time sessions with instructors
- Interactive Sessions: Participate in discussions and Q&A to enhance learning.
- Practical Sessions: Apply concepts through hands-on activities.
- Class Recordings: Access recordings of live classes for review at your convenience
- Self-Learning Videos: Benefit from pre-recorded videos to reinforce learning.
- Digital Course Materials: Receive a soft copy of all course content.
- Assignments: Complete practical assignments to apply your knowledge.
- Practice Assessments: Test your understanding with practice quizzes.
- Final Assessment: Evaluate your overall progress with a comprehensive exam.