Procurement Management

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Procurement Management

A Procurement Management Process, or Procurement Process, is a method by which items are purchased from external suppliers. The procurement management process involves managing the ordering, receipt, review and approval of items from suppliers. A procurement process also specifies how the supplier relationships will be managed, to ensure a high level of service is received. This is a critical task in Procurement Management. In essence, the procurement process helps you “get what you have paid for”.

Course Outline

Principles of Modern Purchasing

  • Purposes and Aims of Purchasing
  • Importance of Purchasing Within the Company
  • Future Challenges to Purchasing

Strategy of Purchasing

  • Strategic Principles
  • Principles of the Purchasing Strategy
  • Process of Developing a Strategy

Purchasing Organization

  • Structural Organization
  • Operative Organization

Supplier Management

  • Supplier Strategy & Evaluation
  • Supplier Selection & Development

Global Sourcing

  • Principles of Global Purchasing
  • Compliance

Risk Management with Regard to Purchasing

  • Principles of the Risk Management
  • Special Safeguarding Against Supplier Risks

Methods and Tools for Everyday Purchasing

  • Procurement Market Research
  • Value Analysis
  • Portfolio Technique
  • Price Structure Analysis

Purchasing Negotiation

  • Preparation
  • Communication
  • Negotiating Stages
  • Negotiating Methods

Personnel Development in Purchasing

  • Requirements for the Modern Buyer
  • Purchasing as a Managerial Function
  • A Career in Purchasing


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