Purchase Management

• Objectives of Purchasing
• Functions and responsibilities of Purchase Department
• Methods of Purchasing
• Purchase Organization Structure
• JIT Purchasing
• Agile Purchasing
• Sustainable Purchasing
• Green Purchasing

Strategic Management

• What is Strategy
• Organizational Strategy
• Strategy Development
• Strategic Management Process
• Strategic Sourcing
• Strategic Management Tools
• Strategic Role of Purchasing
• Procurement Portfolio Management
• Kraljic Portfolio Purchasing Model

Sourcing Strategy

• Sourcing Strategy Basics and Types
• Low-cost Country Sourcing
• Global Sourcing
• Offshore Outsourcing
• Outsourcing
• Sourcing Advisory

Ethics in Procurement

• What is Ethics?
• Ethics and Procurement
• Why Ethical
• Ethical Concepts and Principles in Procurement
• Unethical Practices Signs
• Unethical Practices Prevention Tools
• Ethical Procurement Requirements

Materials Management

• Objectives of Materials Management
• Functions of Materials Management
• Organization of Materials Management
• Need, Scope and Functions of Integrated Material Management

Material Planning

• Need for Material Planning
• Factors affecting Material Planning
• Tools of Material Planning
• Principles and Procedure for Material Planning
• Basic Concepts of MRP (Material Requirements Planning)
• MRP Processing
• Computer Application to MRP Process
• MRP reports - Database recording and maintenance
• Independent and dependent MRP system

Materials Budgeting

• Basic Concepts of Materials Budgeting
• Factors affecting Materials Budget
• Materials Budgeting and Accounting

Vendor Management

• Supplier Strategy
• System of Vendor evaluation
• Parameters for evaluation of Vendors Performance
• Social Audit
• Total Evaluation
• Vendor Negotiation
• Guidelines for Purchases through Tender and Negotiations
• Purchase Review

Contract Management

• Contract Definition
• Contract Elements
• Indian Contract Act
• Contract Management
• Contract Lifecycle Management
• Automating Contract Management
• Change Management
• Contract Compliance
• Procurement and Contract Management
• Purchase & Tender procedure

Material Classification, Standardisation and Codification

• Material Classification for Variety Reduction
• Basic Concepts of Codification
• Systems of Codification
• Classification by Codification
• Objectives and Scope of Standardization
• Simplification or Variety Reduction
• Levels of Standardization

Inventory Management

• Types of Inventory
• Types of Inventory Costs and Factors affecting Inventory
• Inventory Management Models
• Techniques of Inventory Control
• Inventory Performance Measurement
• Inventory Management Tools

Forecasting

• Introduction to Forecasting
• Forecasting Models
• Weighted Moving Average
• Causal Forecasting Models
• Linear Regression Analysis
• Multiple Regression Analysis
• Other Forecasting Methods
• Forecast Error
• Forecast Evaluations
• Forecast Management

Quality Management and IT

• Quality Management
• Lean
• 5S
• Quality Standards
• Tally.ERP 9
• SAP ERP
• Cloud Computing

Apply for certification

https://www.vskills.in/certification/Management/Purchasing-and-Material-Management-Professional