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Diploma in Procurement and Purchasing

Diploma in Procurement and Purchasing

Original price was: ₹7,000.0.Current price is: ₹3,500.0.

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Description

Here’s a structured course outline for a Diploma in Procurement and Purchasing, which covers key aspects of procurement, supply chain management, and purchasing operations:

Diploma in Procurement and Purchasing

Duration: 6–12 months (flexible depending on institution)
Mode of Study: Full-time / Part-time / Online
Certification: Accredited by relevant procurement and supply chain bodies (e.g., CIPS, ISM, or local institutions).

Course Objectives:

This diploma equips students with the skills to manage procurement processes, negotiate with suppliers, and optimize supply chains. By the end of the program, learners will:

  1. Understand procurement principles, ethics, and legal frameworks.

  2. Develop skills in supplier selection, contract management, and cost control.

  3. Learn to use procurement software and data analysis tools.

  4. Gain knowledge of inventory management and logistics.

  5. Master negotiation and risk management strategies.

Course Modules / Syllabus:

1. Introduction to Procurement & Supply Chain Management

  • Procurement vs. purchasing: Key differences

  • Role of procurement in business success

  • Overview of supply chain management (SCM)

2. Procurement Processes & Best Practices

  • Sourcing strategies (local vs. global)

  • Tendering, bidding, and supplier evaluation

  • Purchase requisition to payment cycle

3. Contract Management & Legal Aspects

  • Types of procurement contracts (fixed-price, cost-plus, etc.)

  • Contract negotiation and performance monitoring

  • Legal and ethical considerations (anti-corruption, compliance)

4. Supplier Relationship Management (SRM)

  • Supplier selection criteria

  • Performance metrics (KPIs) and audits

  • Collaborative partnerships and vendor development

5. Cost Control & Budgeting

  • Total Cost of Ownership (TCO)

  • Cost-reduction techniques

  • Financial planning for procurement

6. Inventory & Logistics Management

  • Stock control methods (JIT, EOQ, ABC analysis)

  • Warehousing and distribution strategies

  • Role of technology in inventory management

7. E-Procurement & Digital Tools

  • Procurement software (SAP, Oracle, ERP systems)

  • E-tendering and e-auctions

  • Data analytics for procurement decisions

8. Negotiation & Risk Management

  • Effective negotiation tactics

  • Identifying and mitigating supply chain risks

  • Crisis management in procurement

9. Sustainable & Green Procurement

  • Environmental and social responsibility

  • Sustainable sourcing practices

  • Circular economy principles

10. Capstone Project / Case Studies

  • Real-world procurement problem-solving

  • Simulation exercises or industry internships

Assessment Methods:

  • Exams (theory-based)

  • Practical assignments (e.g., drafting contracts, supplier evaluations)

  • Group projects and presentations

  • Case study analysis

Career Opportunities:

Graduates can pursue roles such as:

  • Procurement Officer

  • Purchasing Manager

  • Supply Chain Analyst

  • Logistics Coordinator

  • Contract Manager

  • Vendor Relationship Manager

Entry Requirements:

  • High school diploma or equivalent (some institutes may require work experience).

  • Proficiency in English (for international programs).

Why Choose This Diploma?

  • High demand for procurement professionals across industries (manufacturing, healthcare, government, etc.).

  • Pathway to certifications like CIPS Level 4 or ISM CPSM.

  • Practical skills for immediate workplace application.

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