Introducing Procurement and Supply Training

Introducing Procurement and Supply L2M1 Course Overview

Embark on your journey into the world of procurement and supply with our engaging *Introducing Procurement and Supply (L2M1)* course. Designed for newcomers and aspiring professionals, this 60-hour course lays the foundations by exploring crucial concepts such as Supply chain management, Contract management, and the roles and benefits of procurement in organizations. Learn how effective procurement strategies impact Organizational efficiency and Profitability, manage supplier relationships and grasp the vital stages of the Sourcing process. With no prerequisites required, this course is perfect for anyone looking to understand and leverage procurement for enhanced business success. Dive into the world of procurement and emerge with a wealth of knowledge that can be practically applied to real-world business scenarios.

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Course Prerequisites

Minimum Prerequisites for Introducing Procurement and Supply Course (L2M1)

This course, designed for beginners and those exploring a career shift into procurement and supply, requires no formal prerequisites in terms of education or professional experience. However, to ensure a successful learning experience, the following foundational knowledge and attributes are beneficial:

Basic Understanding of Business Operations: Familiarity with general business concepts can aid in contextualizing procurement and supply chain management within a broader business environment.
Effective Communication Skills: Ability to comprehend and articulate ideas clearly in both written and verbal forms, as communication is key in procurement and supply roles.
Basic Numeracy and Analytical Skills: Comfort with numbers and elementary analysis will help in understanding budget management, cost analysis, and other financial aspects of procurement.
Problem-Solving Skills: Being able to think critically and solve problems will facilitate learning about supply chain challenges and procurement strategies.
Interest in Organizational Efficiency: A keen interest in how organizations operate and how efficiencies can be enhanced through effective procurement strategies.

These prerequisites are meant to prepare you for the educational content of the course and are not mandatory for enrollment. This course is structured to be accessible to individuals with no prior expertise in procurement and supply.

Target Audience for Introducing Procurement and Supply

Introducing Procurement and Supply (L2M1) is a foundational course ideal for those new to or aspiring for a career in procurement, as well as business leaders.

Target Job Roles and Audience:

Aspiring procurement professionals
Entry-level procurement and supply chain staff
Small business owners and entrepreneurs needing procurement understanding
Managers from non-procurement fields
Individuals interested in understanding supply chain processes
Project managers involved in procurement activities
Business leaders aiming to improve organizational efficiency through effective procurement
Career changers seeking opportunities in procurement and supply chain management
Business students or graduates seeking practical skills in procurement

Learning Objectives - What you will Learn in this Introducing Procurement and Supply?

Introduction to Course Learning Outcomes: This course offers a comprehensive introduction to procurement and supply, exploring key concepts such as supply chain components, procurement impact, sourcing processes, and ethical standards in procurement.

Learning Objectives and Outcomes:

Understand the foundational terms and roles in procurement and supply including definitions related to procurement, purchasing, and supply chain management.
Recognize the organizational role and benefits of procurement including cost management, value for money, and sustainability considerations.
Identify components and global aspects of a supply chain, elucidating the relationships between suppliers, customers, and consumers.
Assess the impact of effective procurement on organizational efficiency and profitability, understanding budget monitoring and total costs of ownership.
Grasp the five rights of procurement (price, total cost, quality, timing, quantity, and place) essential for defining value for money.
Understand the complete sourcing process from identifying needs, requesting and assessing quotations, to contract authorization and order placement.
Demonstrate knowledge of effective administration of procurement including the steps of forming agreements with suppliers, from requisition creation to tender assessment.
Describe the procedural administration of awarding and post-award phases, including documentation handling and invoice management.
Recognize the importance of ethical practices in procurement as outlined in the CIPS

Course Fee	3,200
Exam Fee	174
Total Fees (without exam)	3,200 (USD)

Course Fee	2,550
Exam Fee	174
Total Fees (without exam)	2,550 (USD)

Flexi Video	16,449
Official E-coursebook
Exam Voucher (optional)
Hands-On-Labs²	4,159
+ GST 18%	4,259
Total Fees (without exam & Labs)	22,359 (INR)
Total Fees (with Labs)	28,359 (INR)

Introducing Procurement and Supply L2M1 Course Overview

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Course Prerequisites

Minimum Prerequisites for Introducing Procurement and Supply Course (L2M1)

Target Audience for Introducing Procurement and Supply

Learning Objectives - What you will Learn in this Introducing Procurement and Supply?

Suggested Courses

Introducing Procurement and Supply L2M1 Course Overview

3,200 ♱

2,550 ♱

♱

Fee On Request

Filter By:

Koeing Learning Stack

Request More Information

Course Prerequisites

Minimum Prerequisites for Introducing Procurement and Supply Course (L2M1)

Target Audience for Introducing Procurement and Supply

Learning Objectives - What you will Learn in this Introducing Procurement and Supply?

Suggested Courses

3,200^♱

2,550^♱

^♱