The Procurement and Supply Management course is designed to equip learners with the essential knowledge, skills, and attitudes necessary for effective procurement and efficient management of supply chains. This course emphasizes the exploration of fundamental procurement concepts, encourages critical thinking, fosters adaptability to change, and promotes a proactive approach to supply chain optimization.
COURSE OBJECTIVES
This course aims to provide learners with a foundational understanding of key concepts relevant to procurement and supply management. It encourages participants to critically examine their procurement practices, explore various supply chain methodologies, and cultivate a mindset conducive to ongoing improvement and strategic sourcing. Key areas of focus include sourcing strategies, supplier relationship management, contract negotiation, procurement ethics, and global supply chain logistics.
COURSE OUTLINE
The Procurement and Supply Management course covers the following essential areas:
- Sourcing Strategies and Planning
- Supplier Selection and Relationship Management
- Contract Negotiation and Management
- Procurement Ethics and Compliance
- Inventory and Warehouse Management
- Global Supply Chain Logistics
STUDENT ACQUISITIONS
Upon successful completion of the course, students will:
- Gain insight into the principles and practices of sourcing strategies and planning.
- Develop skills in selecting and managing supplier relationships for long-term benefits.
- Enhance understanding of contract negotiation techniques and effective contract management.
- Cultivate knowledge of procurement ethics and compliance standards to ensure ethical sourcing.
- Apply inventory and warehouse management practices to optimize stock levels and reduce costs.
- Build capabilities in managing global supply chain logistics to enhance operational efficiency.
LEARNING METHODOLOGIES
The Procurement and Supply Management course employs a variety of effective learning methodologies, including:
- Engaging with foundational concepts: Promoting understanding and retention of key procurement and supply management principles.
- Active exploration and reflection: Encouraging critical examination of procurement practices and personal learning experiences.
- Practical application: Facilitating practical application of key concepts through real-world scenarios and case studies.
- Critical evaluation of supplier and contract performance: Promoting strategic thinking through analysis and assessment of supplier relationships and contract outcomes.
- Fostering negotiation skills: Developing effective negotiation skills through interactive exercises and role-playing.
- Adapting to global trends: Building adaptability through research projects on new and emerging trends in global supply management.
- Enhancing communication abilities: Improving technical communication skills for effective expression and sharing of ideas in diverse procurement contexts.
This comprehensive course empowers procurement professionals and students to understand and manage procurement and supply chain activities effectively, ensuring optimal performance and strategic alignment in a rapidly evolving business landscape.
