Procurement and Supply Operations Course Overview

Target Audience for Procurement and Supply Operations

The Procurement and Supply Operations (L2M2) course is designed for newcomers and managers in various fields needing procurement knowledge. Ideal for budding procurement professionals.

Target Audience and Job Roles:

• Individuals new to the procurement profession
• Managers from non-procurement fields (e.g., Production, Operations, Marketing)
• Business leaders and entrepreneurs looking to understand procurement’s role in business success
• Career changers aspiring to enter the procurement and supply chain industry
• Entry-level managers in public, private, or third sector organizations
• Individuals interested in understanding commercial contracts and pricing strategies
• Professionals in customer support, human resources, finance, IT, and technical departments requiring procurement knowledge
• Recent graduates aiming for a career in supply chain management

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

Introduction to Learning Outcomes and Objectives of Procurement and Supply Operations (L2M2) Course

This course equips beginners with essential frameworks and operational knowledge in procurement and supply, focusing on organizational operations, contractual agreements, supplier information, and pricing strategies.

Learning Objectives and Outcomes:

• Understand Types of Business Organizations: Differentiate between private, public, and third sector organizations along with production and service entities.
• Organizational Operation: Explain how organizations operate focusing on people, objectives, structures, and both formal and informal organization dynamics.
• Key Operating Functions: Identify the key functions within organizations such as production, marketing, sales, human resources, and particularly procurement and supply.
• Contractual Agreements Components: Recognize various types of contracts including spot purchases, term contracts, and framework arrangements.
• Pricing Arrangements: Understand different pricing arrangements applied in commercial contracts such as fixed pricing, cost reimbursable, and risk and reward pricing arrangements.
• Contract Documents: Define the documents that compose a contract including specifications, KPIs, terms, and pricing schedules.
• Information on Suppliers and Customers: Utilize Internet tools and credit rating agencies to locate and evaluate suppliers and customers.
• **Procurement and