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We're here to help you find it### Procurement and Supply in Practice in Supply Chain Course Overview
Our Level 4 Diploma in Procurement and Supply in Practice is perfect for those with over 2+ years of relevant business experience. Over the course of 120 hours, students will acquire the Technical Skills and knowledge to excel in procurement and supply roles.
The course covers:
1. Procurement Cycle: Learn to define business needs, conduct market analysis, evaluate suppliers, manage tendering processes, and handle supplier and stakeholder relationships.
2. Sourcing Process: Build expertise in creating contract terms, selecting suppliers, awarding contracts, and managing suppliers or contracts.
3. Whole Life Asset Management: Understand all costs from purchase to disposal, hidden global sourcing costs, and involve senior and cross-functional management support.
4. Ethical and Responsible Sourcing: Apply ethical codes, tackle bribery and corruption, consider environmental factors, and adopt sustainable and socially responsible practices.
Gain practical, real-world experience to meet employer needs in procurement and supply chain management.
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♱ Excluding VAT/GST
Classroom Training price is on request
You can request classroom training in any city on any date by Requesting More Information
♱ Excluding VAT/GST
Classroom Training price is on request
You can request classroom training in any city on any date by Requesting More Information
Minimum Prerequisites for Successfully Undertaking the Procurement and Supply in Practice [L4M8] Course:
These prerequisites ensure that learners have a foundational knowledge and some practical experience, enabling them to fully benefit from the course content.
Procurement and Supply in Practice [L4M8] is designed for professionals with over 2 years of business experience, aiming to enhance technical skills, knowledge, and competencies in procurement and supply.
Introduction: The Procurement and Supply in Practice (L4M8) course is designed to equip professionals with over 2 years of business experience with advanced skills in procurement cycles, sourcing processes, asset management, and ethical sourcing.
Learning Objectives and Outcomes:
Application of the Procurement Cycle:
Implementation of Sourcing Processes:
Whole Life Asset Management:
Ethical and Responsible Sourcing:
The procurement cycle is a key component of supply chain management, detailing the steps organizations take to acquire goods and services effectively. It starts with identifying needs and sending out purchase requests. Next, companies evaluate suppliers and create purchase orders, which are approved and issued. Upon receiving goods, they are inspected for quality and quantity, and discrepancies are addressed. Finally, the transaction concludes with payment processing and record keeping. Programs like a SAP supply chain management course or SAP SCM certification can enhance understanding and skills in managing these cycles efficiently.
The sourcing process in supply chain management involves selecting suppliers that can provide the goods and services a company needs to create its products. Key steps include identifying potential suppliers, evaluating them based on criteria like price, quality, and delivery time, and negotiating contracts to secure favorable terms. By effectively managing this process, companies aim to balance costs, efficiency, and risk mitigation to enhance their overall competitiveness. For professionals looking to specialize, taking a SAP supply chain management course or obtaining SAP SCM certification can provide deeper insights into using SAP tools for optimizing sourcing strategies.
Ethical and responsible sourcing in supply chain management focuses on procuring materials and services in a way that is morally correct and sustainable. It involves ensuring that suppliers adhere to environmental and labor laws, promoting fair labor practices, and minimizing negative impacts on communities and ecosystems. This approach helps businesses maintain a positive reputation and contributes to long-term sustainability. Companies often enhance their capabilities in this area through training such as SAP supply chain management courses or by obtaining an SAP SCM certification, which equip professionals with the necessary skills and knowledge to implement these practices effectively.
Procurement and Supply in Practice [L4M8] is designed for professionals with over 2 years of business experience, aiming to enhance technical skills, knowledge, and competencies in procurement and supply.
Introduction: The Procurement and Supply in Practice (L4M8) course is designed to equip professionals with over 2 years of business experience with advanced skills in procurement cycles, sourcing processes, asset management, and ethical sourcing.
Learning Objectives and Outcomes:
Application of the Procurement Cycle:
Implementation of Sourcing Processes:
Whole Life Asset Management:
Ethical and Responsible Sourcing:
