Procurement Manager is responsible for managing a company’s sourcing capabilities and supply chain. They also strategize and negotiate with suppliers and vendors for acquiring the most cost-effective deals. Further, they discover the best ways for cutting procurement expenses. Let’s get into the details to become a proficient Procurement Manager
Roles and Responsibilities
- Procurement Manager uses sourcing strategies and discovers profitable suppliers and initiates business and organization partnerships.
- They have rights to approve the ordering of necessary goods and services. And, also finalize purchase details of orders and deliveries.
- Procurement Manager also examines and tests existing contracts as well as they also track and report key functional metrics for reducing expenses.
- Next, they also perform risk management for supply contracts and agreements. And, build a culture of long-term saving on procurement costs.
- Procurement Manager develops procurement strategies that are inventive and cost-effective. And, build long-term relationships with vendors and suppliers.
- Lastly, they also perform risk assessments and controls procurement budgets and promote a culture of long-term saving on procurement costs.
Vskills Certified Procurement Manager
Vskills Procurement Manager certification helps professionals and students to showcase their skills in procurement management. As every organization procures goods or services for providing end product or services to its customers. So, this certification will help candidates to enhance their skills and knowledge in procurement management. However, the role of managing procurement is a complex one as it demands a wide range of business skills and commercial expertise to succeed. This certification is best for professionals, managers, senior executives who are working in the procurement or purchase function of the organization.
Vskills being India’s largest certification providers gives candidates access to top exams as well as provides after exam benefits. This includes:
- The certifications will have a Government verification tag.
- The Certification is valid for life.
- Candidates will get lifelong e-learning access.
- Access to free Practice Tests.
- Candidates will get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine Shine.com.
Course Outline
Certified Procurement Manager covers the following topics –
Procurement Management
- What is Procurement Management
- The Procurement Process
- Make or Buy Analysis
- Supplier Management
- Contract Basics
- Global Sourcing
- E-procurement
Cost and Value Analysis System
Negotiation Skills
- Basic Approaches for Negotiation
- Strategy and Planning for Negotiation
- Tactics of Effective Negotiation
Purchase Management System
Vendor Management
- System of Vendor Evaluation
- Parameters for Evaluation of Vendors Performance
- Social Audit
- Tender and Negotiation Guidelines
- Purchase Review
Materials Planning
- Materials Planning Need
- Factors Affecting Materials Planning
- Tools of Materials Planning
- Principles and Procedure for Materials Planning
- MRP (Material Requirements Planning)
- MRP Processing
- Other Planning Techniques
Materials Budgeting
Material Classification, Standardization and Codification
- Material Classification
- Value Analysis and Material Classification
- Material Codification Concepts
- Material Codification Systems
- Material Standardization
- Material Simplification
- Levels of Standardization
Material Handling
- Material Handling Basics
- Material Handling Systems
- Containerization
- Waste Management – Surplus and Obsolete
- Damage and Pilferage
- Cost Analysis
Stores Management and Warehousing
- Stores Functions and Objectives
- Types of Stores
- Stores Layout and Storage
- Successful Store-Keeping Factors
- Warehousing
- Warehouse Management System (WMS)
- Warehouse Operating Principles
- Warehouse Strategy
- Planning Warehouse Distribution
- Warehouse Layout
- Automatic Warehousing
- Schemes of Automatic Warehousing
- Stock Keeping and Accounting
Quality Management
- Quality Basics
- Product vs Service Quality
- Quality Management
- Quality Management Methods
- TQM
- Six Sigma
- Statistical Quality Control
- Double and Multiple Sampling
Legal Framework
Future Developments
- Procurement Future Trends
- Sustainable Procurement
- Procurement Automation
- Big Data and Procurement
- Material Management Trends
- RFID and Material Management
- Material Management and Big Data
Preparation Guide for Vskills Certified Procurement Manager
Preparation Guide is the essential part of every exam that a candidate has to give most of the time. That is to say, without having the correct preparation resources will create difficulty while preparing for the exam. So, candidates need to do research and find the best resources available to get a better understanding of the exam. However, for the Certified Procurement Manager exam, some of the resources Vskills provide the resources that will help to prepare in a good way. This include:
Refer Exam Objectives
Exam objectives are important as it provides brief about the exam by diving the syllabus into topics that include various sections and subsections. Candidates should be to get all the content and topics related to the exam. As it provides a benefit to candidates to understand better during the preparation time. Doing this will help them to understand things more accurately. For the Certified Procurement Manager topics include:
- Procurement Management
- Cost and Value Analysis System
- Negotiation Skills
- Purchase Management System
- Vendor Management
- Materials Planning
- Materials Budgeting
- Material Classification, Standardization and Codification
- Material Handling
- Stores Management and Warehousing
- Quality Management
- Legal Framework
- Future Developments
Vskills E-Learning
With E-learning for Vskills Certified Procurement Manager, candidates will get a better understanding of the content using the online learning material for a lifetime. Moreover, Vskills provides hard copy material that will help them in improving skills and staying up to date with the learning curve for getting better opportunities.
Refer: Certified Procurement Manager Sample Chapters
Books for Reference
Candidates should start taking help from reference books as it can provide an advantage for understanding things more accurately. However, for the Certified Procurement Manager exam, there are various books available which you can find online or in libraries. Some of the books are as follows:
- The Procurement and Supply Manager’s Desk Reference Book by Fred Sollish and John Semanik
- Purchasing and Supply Chain Management book by Brian Farrington and Kenneth Lysons
Evaluate yourself with Practice Test
It is important to understand that to get full perfection practice is essential. That is to say, candidates after completing a part of any topic should assess using the practice. This will provide a clear view of where they stand and help them to improve more. Moreover, with this, they can learn about their weak areas as well as answering skills. So, get prepared and become certified.
