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.
benefit from Purchase Manager certification?
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
Materials Management
- Objectives of Materials Management
- Functions of Materials Management
- Organisation of Materials Management
- Need, Scope and Functions of Integrated Material Management
Materials Planning
- Need of Materials Planning
- Factors affecting Materials Planning
- Tools of Materials Planning
- Principles and Procedure for Materials 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
Material Classification, Standardization and Codification
- Material classification for variety reduction
- Material classification on the basis of Value Analysis
- Basic concepts of codification
- Systems of codification
- Classification by codification
- Objectives and scope of standardization
- Simplification/Variety of reduction
- Levels of standard
Material Handling
- Importance and Objectives of Material Handling
- Methods and Practices of Material Handling
- Equipments for Material Handling
- Containerizations
- Waste Management - Surplus and Obsolete
- Damage and Pilferage
- Cost Analysis
Stores Management and Warehousing
- Stores Functions and objectives
- Types of Stores – Centralized and decentralized
- Functions of stores
- Stores Layout, Storage Media and Physical Verification
- Factors affecting successful Store-keeping
- Warehouse Management System (WMS)
- Warehouse operating principles
- Strategy for warehousing
- Planning Warehouse distribution
- Warehouse Layout
- Automatic Warehousing
- Schemes of Automatic Warehousing
Inventory Management
- Types of Inventory
- Types of Inventory Costs and factors affecting
- Inventory Management Models – Deterministic and Probabilistic Models
- Techniques of Inventory Control
- Inventory Performance Measurement (Ratio Analysis)
Purchase Management System
- Objectives of Purchasing
- Functions and responsibilities of Purchase Department
- Methods of Purchasing
- Purchase Department Organization
- JIT Purchasing – Prerequisites and Elements
Vendor Management
- System of Vendor evaluation
- Parameters for evaluation of Vendors Performance
- Social Audit
- Total evaluation – Purchasing Performance, Quantitative Objects etc
- Guidelines for purchase through tender and negotiation tender committee
- Purchase Review
Value Analysis System
- Value Analysis – Procedure and Approach
- Tools for Value Analysis
Negotiation Skills
- Basic approaches for Negotiation
- Strategy and Planning for Negotiation
- Tactics of effective negotiation
Quality Control
- Components and characteristics of quality
- Objectives and functions of quality control
- Acceptance sampling – Principles and Practices
- Double and Multiple Sampling
- OC and AOQ Curve
Stock Keeping and Accounting
- Maintaining Database system
- Preparing reports
- Managing Queries
Legal Framework
- The Indian Contract Act, 1872
- The Sales of Goods Act, 1930
- Special Purchase Contracts
- Goods Delivery
COURSE OUTLINE
Material Management
- Explains the concept of Material Manageent
- Illustrates about the primary and secondary objectives of Material Management
- Explains the functions of Material Management such as Material Planning, Scheduling, Inventory Control, Purchasing, Warehousing, Store Management etc
- Illustrates the operational aspects of Materials Management
- Describes the steps involved in organisation of Materials Management function
- Explains the need, scope and functions of Integrated Materials Management
- Describes the advantages of integrated Materials Management
Materials Planning
- Explains the need for material Planning
- Explains the internal and external factors affecting Material Planning
- Illustrates the tools of Material Planning such as Bill of Material technique and Past Consumption Analysis Technique
- Explains the principles and procedure involved in Material Planning
- Explains the process involved in Material Planning
- Explains the basic concepts of MRP such as lumpy demand, lead times, input to MRP, master production scheduling etc
- Explains the Computer Application to MRP Process and its features
- Explains the process involved in Database recording and maintenance in MRP system
- Describes Independent and dependent MRP system
Materials Budgeting
- Explains the basic concepts and techniques involved in drawing Materials Budget
- Explains the factors governing Materials Budget such as past rate of consumption, investment pattern etc
Material Classification, Standardization and Codification
- Explains the process of material classification for variety reduction
- Explains the process of material classification on the basis of Value Analysis
- Explains the basic concepts of codification
- Illustrates the advantages and disadvantages of codification
- Describes the system of codification such as Arbitrary system, Alphabetic system, Numerical system, Decimal system
- Explains the process of marking of stores and process of maintaining store vocabulary
- Explains the Classification by codification
- Explains the objectives and scope of standardization
- Illustrates the advantages and scope of standardization
- Explains the different levels of standard such as individual, company, industry, national and international standards
- Illustrates the concept of Variety of reduction, steps involved in variety control and different areas of variety reduction
Material Handling
- Explains the importance and objectives of Material Handling
- Explains the cost involved in material handling
- Illustrates the methods and practices involved in Material Handling
- Explains the methods involved in material handling
- Illustrates types of materials, stages of handling, unloading methods, process of unitized loading
- Describes the various equipments for Material Handling and procedure of selection of equipments
- Explains the basic concepts of containerizations, types of containers and underlying issues
- Explains the process of handling surplus and obsolete material
- Describes the techniques of grouping of material and their disposal strategy
- Explains the process of reducing damage and pilferage losses
- Explains the process of material handling cost analysis involving examination of ratios for material handling labour, direct labour handling loss, movement/operation, manufacturing cycle efficiency etc.
Stores Management and Warehousing
- Explains the various stores functions and the objectives of store management
- Explains the relationship between stores and other departments
- Explains the different types of stores – Centralized and decentralized
- Illustrates the various functions of stores and the elements required for store organisation
- Explains different types of stores layout, types of stores building, categorization of mediums for storage
- Explains the need, purpose and procedure of physical verification of stock
- Explains procedure of valuation of material issues
- Explains the various factors affecting successful Store-keeping such as situation, layout, management, verification etc
- Illustrates about the objectives of Warehouse Management System (WMS)
- Explains the principles involved in operating a warehouse such as design criteria, handling technology and storage plans
- Describes the integrated strategies for warehousing
- Describes the steps involved in planning the warehouse distribution such as site selection, product mix consideration, material handling system etc
- Describes the process of designing warehouse layout depending upon the product deterioration and pilferage protection
- Explains the objectives and types of automatic warehousing
- Describes the pre-condition for automatic material handling
- Describes the various schemes of automatic warehousing
Inventory Management
- Explains the different types of inventory depending on the type of material, availability and demand
- Explains the different types of costs incurred in inventory management such as cost of ordering, inventory carrying cost and cost of shortage
- Illustrates the various factors affecting inventory costs such as market characteristics, sales characteristics etc
- Explains the various forms of deterministic inventory management models – Classic EOQ Model, EOQ Model with quantity discount, EOQ Model with safety stocks, EOQ Model with safety stocks and service level and EOQ Model with replenishment system
- Explains the various forms of probabilistic inventory management models considering the impact of demand and lead time uncertainties
- Illustrates the various techniques of Inventory Control such as ABC analysis, VED analysis, GOLF analysis, HML classification, SDE classification, FSN classification etc
- Explains the dynamics of Inventory Performance Measurement through Ratio Analysis approach
Purchase Management System
- Illustrates the fundamental objectives of Purchasing
- Functions and responsibilities of Purchase Department in terms of studying the market and sources of supply
- Illustrates the various methods of purchasing such as purchase made strictly by requirement, purchase done for a specified period, market purchasing, contract purchasing etc
- Explains the basic structure and organsation of Purchase Department
- Explains the elements of JIT production system such as waste elimination, workers dedication, TQM, parallel processing, e-commerce and JIT purchasing etc
- Explains the prerequisites for JIT purchasing system
Vendor Management
- Explains system of Vendor performance evaluation
- Illustrates the parameters for evaluation of Vendors Performance
- Explains the basic concept of Social Audit and internal provisions of Companies Act
- Explains the evaluation of organisation climate, saving – Purchasing Performance of an organization in terms of etc
- Explains the evaluation of Quantitative Objects in terms of minimization of material cost, maximization of cost reduction, adherence to operational budget etc
- Illustrates the guidelines for purchase through tender and negotiation tender committee such as negotiation, delayed tenders, price preferences, price escalation etc.
- Explains the procedure of purchase review and review of purchase order on the basis of value-wise analysis, time analysis, nature of tenders, purchase through negotiation etc.,
Value Analysis System
- Explains the aim and application of value analysis
- Explains the procedure and phases of analysis involving information phase, speculative phase, analysis phase, planning phase, summary and execution phase.
- Explains the advanced tools used in Value analysis approach
Negotiation Skills
- Explains the basics of negotiation such as why and when negotiation takes place
- Explains the strategies and the steps involved in negotiation such as assessing the vendor, customer related factors, competitors related factors, company policies etc
- Illustrates the various tactics and guidelines that a negotiator must follow at the time of purchase
- Explains the techniques of purchase negotiation
Quality Control
- Explains the various components and characteristics of quality in terms design, specification, availability, after sale service etc
- Explains the reasons and types of quality losses in terms of tangible and intangible losses
- Illustrates the objectives and functions of quality control in terms of specifications, manufacture control, design audit, quality review and quality planning etc
- Explains the concepts of acceptance sampling – sampling plans, lot acceptance and acceptance control techniques etc
- Explains the procedure of double and multiple Sampling
- Illustrates the analysis and interpretation of OC and AOQ Curve
Stock Keeping and Accounting
- Explains the procedure of maintaining record in the database system and working of the system
- Describes the various types of reports and methods of their preparation
- Explains the steps involved in generating computer outputs
- Illustrates the process of managing queries
Legal Framework
- Defines a contract and requirements of a valid contract
- Illustrates the different types of contracts such as oral and written, express and implied contracts, bilateral and unilateral contracts etc
- Explains the reasons for termination of contracts such as termination by performance, by release, by impossibility of performance, by mutual agreement, by novation etc
- The Indian Contract Act, 1872
- The Sales of Goods Act, 1930
- Explains the special purchase contracts such as rate contract, works contract and hire-purchase contract
- Explains the process involved in Goods Delivery and consideration made at the time of delivery such as quality of delivery, time of delivery, etc
