Why should I take Purchase Manager certification?
A purchase manager controls material handling and purchase functions while maintaining adequate and in-time purchase of the materials. He is responsible for economic-efficiency and quality of goods and services along with smooth functioning of operations and supply chain management. Purchasing is not just completing transactions, a successful purchasing is the one which yields good return on investment.
This course covers all the basic principles & practices of purchasing and supply chain management & will help you to achieve and implement an efficient purchasing system. You will learn how to design, build, and sustain a highly efficient purchasing & supply chain department & gain all the knowledge and practical skills needed to improve as a purchasing professional.
Study & Learn
- Materials management & Planning
- Material handling & Inventory management
- Store management & Warehousing
- Purchase management system
- Value analysis
- Quality control
TABLE OF CONTENT
Chapter 1. Materials Management
- Objectives of Materials Management
- Functions of Materials Management
- Organisation of Materials Management (Cross-Functional & Digital Procurement Organisational Structures)
- Integrated Material Management (End-to-end supply chain integration & ERP alignment
- Digital Procurement & e-Procurement Systems (eProcurement portals, P2P automation, e-sourcing platforms)
- Sustainable Procurement Fundamentals (ESG in materials decisions, circular economy principles)
Chapter 2. Materials Planning
- Need & Factors Affecting Materials Planning
- Tools of Materials Planning (AI-driven Demand Forecasting and Traditional Methods)
- MRP (Material Requirements Planning) (MRP II and ERP-based planning (SAP, Oracle))
- Computer Application to MRP (Modernise to Cloud-Based MRP, SaaS Platforms, Real-time Dashboards)
- MRP Reports & Database Maintenance
- Independent and Dependent MRP Systems
- Demand Sensing & AI-Based Forecasting
- ML models, big data in supply forecasting
Chapter 3. Materials Budgeting
- Basic Concepts of Materials Budgeting
- Factors Affecting Materials Budget
- Materials Budgeting and Accounting (Total Cost of Ownership (TCO) & Should-Cost Modelling)
- Total Cost of Ownership (TCO) & Should-Cost Analysis
- Increasingly expected in professional procurement roles
- Spend Analytics & Category Management
- Data-driven budget allocation, spend visibility tools
Chapter 4. Material Classification, Standardization & Codification
- Material Classification for Variety Reduction
- Classification on the Basis of Value Analysis (ABC, VED, FSN)
- Basic Concepts & Systems of Codification
- Standardisation & Variety Reduction (IS/ISO/BIS standards)
- HS Codes, GST Codes & National Item Coding Standards (GST compliance, DGFT HS Code classification — India-specific)
Chapter 5. Material Handling
- Importance & Objectives of Material Handling
- Methods, Practices & Equipment (AGVs, Robotics, conveyor Cautomation, IoT-Enabled Tracking)
- Containerization (Multimodal Logistics, Container Standards (ISO 668)
- Waste Management — Surplus and Obsolete (Circular Economy, Extended Producer Responsibility (EPR))
- Damage, Pilferage & Cost Analysis
- Reverse Logistics & Material Disposition (Returns management, refurbishment, disposal protocols)
Chapter 6. Stores Management & Warehousing
- Stores Functions, Objectives & Types
- Stores Layout, Storage Media & Physical Verification
- Warehouse Management System (WMS) (Cloud WMS, ERP integration, RFID/barcode technology)
- Strategy for Warehousing & Planning Distribution (Reflect omnichannel distribution, dark stores, micro-fulfilment)
- Automatic Warehousing Schemes (Modernise to include AS/RS, drones, robotic picking systems)
- Last-Mile Logistics & Distribution Network Design (Current e-commerce-driven logistics reality)
Chapter 7. Inventory Management
- Types of Inventory & Inventory Costs
- Inventory Models — Deterministic & Probabilistic (EOQ, ROP, Safety Stock)
- Techniques of Inventory Control (ABC, VED, JIT, FIFO/LIFO)
- Inventory Performance Measurement (Inventory Turnover Benchmarking, Fill Rate, OTIF metrics)
- Supply Chain Risk & Resilience Management (Multi-sourcing, safety stock strategies post-disruption)
- Digital Inventory Tracking (RFID, IoT, Blockchain) (Real-time traceability, Serialization)
Chapter 8. Purchase Management System
- Objectives, Functions & Responsibilities of Purchase Dept.
- Methods of Purchasing & Dept. Organisation (Strategic sourcing, category management, GeM portals (India))
- JIT Purchasing (Lean procurement; contrast with safety-stock post-pandemic)
- e-Procurement & Digital Tendering (GeM, CPPP, reverse auctions, e-bidding workflows)
- Procurement Ethics & Anti-Corruption Compliance (Code of conduct, conflict of interest, Prevention of Corruption Act)
- Procurement KPIs & Performance Dashboards (Cost savings, supplier OTD, PO cycle time, SLA metrics)
Chapter 9. Vendor Management
- System of Vendor Evaluation & Parameters (Modernise scorecards; include ESG/CSR parameters)
- ESG Audit Standards; Factory Compliance Audits
- Total Evaluation — Purchasing Performance (SRM (Supplier Relationship Management) framework)
- Guidelines for Tender & Negotiation
- Purchase Review
- Supplier Relationship Management (SRM) (Strategic vs. transactional suppliers, collaboration, joint improvement)
- Supplier Risk Assessment & Business Continuity Planning (Single-source risk, geopolitical disruption, DPIIT classification)
- Supplier Diversity & Inclusion (MSME/SC-ST supplier development, inclusive procurement mandates)
Chapter 10. Value Analysis System
- Value Analysis — Procedure and Approach
- Tools for Value Analysis (Value Engineering (VE) distinction; VAVE methodology)
- Should-Cost Modelling & Design-to-Cost
- Quantitative cost modelling aligned with CIPS/ISM standards
Chapter 11. Negotiation Skills
- Basic Approaches for Negotiation
- Strategy, Planning & Tactics (BATNA, ZOPA, integrative vs. distributive negotiation frameworks)
- Cross-Cultural & Virtual Negotiation (Global supplier negotiations, video/digital negotiation techniques)
- Contract Negotiation & Price Benchmarking (Market intelligence, should-cost vs. quoted price analysis)
Chapter 12. Quality Control
- Components & Characteristics of Quality
- Objectives & Functions of Quality Control
- Acceptance Sampling (Single, Double, Multiple)
- OC and AOQ Curves
- Total Quality Management (TQM) & ISO 9001:2015 (QMS standards, PDCA cycle, quality cost categories)
- Six Sigma in Procurement (DMAIC for purchasing process improvement)
Chapter 13. Legal Framework
- The Indian Contract Act, 1872
- The Sales of Goods Act, 1930
- Special Purchase Contracts & Goods Delivery (SLAs, performance guarantees, liquidated damages, force majeure)
- GST & Customs Duty in Procurement (GST input credit, import duty, IGST on inter-state purchases)
- MSME Development Act & GeM Policy Framework (Mandatory MSME procurement quotas, GeM compliance (India))
- Intellectual Property in Procurement (NDA, IP Clauses) (Supplier IP protection, confidentiality in outsourced procurement)
Chapter 14. Technology in Procurement
- ERP Systems in Procurement (SAP MM, Oracle, Microsoft Dynamics) (PO processing, GRN, ERP procurement module workflows)
- AI & Machine Learning in Procurement (Intelligent spend analysis, contract analytics, supplier risk AI)
- Blockchain for Supply Chain Transparency (Provenance tracking, smart contracts, anti-counterfeiting)
- Robotic Process Automation (RPA) in Purchasing (Invoice processing, PO automation, exception handling)
- Cybersecurity in Procurement Systems (Vendor data security, supply chain cyber risk management)
Chapter 15. Sustainable & Ethical Procurement
- ISO 20400 — Sustainable Procurement Standard (Globally recognised sustainable procurement framework)
- ESG Integration in Supplier Selection (Environmental, social, governance criteria in vendor scoring)
- Carbon Footprint in Supply Chain (Scope 3 emissions, green purchasing policies, Net-Zero targets)
- Responsible Sourcing & Human Rights Due Diligence (ILO conventions, Modern Slavery Act awareness)
- Circular Economy & Green Procurement (Take-back schemes, recycled content requirements, EPR compliance)
