Procurement & Purchasing
CIPM – Certified International Procurement Manager
Categories: Online
CIPM – Certified International Procurement Manager
Categories: Online
Course Objectives
Upon completing this procurement certification, participants will be able to:
- Demonstrate exceptional leadership qualities in procurement
- Make strategic procurement financial decisions
- Apply effective negotiation techniques with suppliers
- Assess the performance of other junior procurement officials
- Drive the best and most sustainable procurement strategies
- Maintain procurement documents and records of the organization
Target Competencies
- Assessing supplier
- Negotiation skills
- Procurement KPIs
- Supplier relationship management
- Risk management in procurement
- Awareness of international payment methods
Course Outline
Module 1 – Introduction to Purchasing
- World class purchasing
- The status of Purchasing & Supply Management (PSM)
- Creating strategic plans and tactics
- Planning procurement strategies & objectives
Module 2 – Logistics & Supply Chain
- What is Logistics
- Materials & Distribution Management
- Reverse logistics
- Understanding supply chain management
- Value Chain Analysis
- Supply Chain & Purchasing
Module 3 – Financial Decisions for Sourcing
- What is Price
- Buyers role in managing purchase prices
- Formulating financial strategies
- Supplier Pricing Decisions
- Price & Cost Analysis
- Standardizing Purchased Materials
Module 4 – International Trade
- Ocean Shipping Terminologies
- Freight Agents
- Methods of Payments (L/C)
- Incoterms 2020
Module 5 – Performance & Ethics
- Purchasing Performance Evaluation
- Purchasing Audit Approach
- Benchmarking & Rating
- Purchasing Ethics
- Ethics issues relating to suppliers
- Purchasing & Prevention of Fraud
Module 6 – Risk Management in Procurement
- What is Risk
- Procurement challenges
- Common types of procurement risks
- Dual challenges of Risk Management
- External & Internal Risk Factors
- Currency Risk Management
- Steps to Risk Mitigation
Module 7 – Introduction to Contracts
- What is a Contract
- Essentials of contract
- Managing contract compliance
- Maintaining procurement documents and records
IPSCMI, the International Purchasing and Supply Chain Management Institute, is a globally reputed professional certification institute in the United States offering multiple supply chain courses throughout the world in all modes of instruction.
Blue Ocean Academy has an exclusive tie-up with the US-based International Purchasing and Supply Chain Management Institute (IPSCMI) to offer logistics & supply chain professional courses in the UAE and other GCC countries. Upon course completion, students receive a Certificate from IPSCMI.
Course Objectives
Upon completing this procurement certification, participants will be able to:
- Demonstrate exceptional leadership qualities in procurement
- Make strategic procurement financial decisions
- Apply effective negotiation techniques with suppliers
- Assess the performance of other junior procurement officials
- Drive the best and most sustainable procurement strategies
- Maintain procurement documents and records of the organization
Target Competencies
- Assessing supplier
- Negotiation skills
- Procurement KPIs
- Supplier relationship management
- Risk management in procurement
- Awareness of international payment methods
Course Outline
Module 1 – Introduction to Purchasing
- World class purchasing
- The status of Purchasing & Supply Management (PSM)
- Creating strategic plans and tactics
- Planning procurement strategies & objectives
Module 2 – Logistics & Supply Chain
- What is Logistics
- Materials & Distribution Management
- Reverse logistics
- Understanding supply chain management
- Value Chain Analysis
- Supply Chain & Purchasing
Module 3 – Financial Decisions for Sourcing
- What is Price
- Buyers role in managing purchase prices
- Formulating financial strategies
- Supplier Pricing Decisions
- Price & Cost Analysis
- Standardizing Purchased Materials
Module 4 – International Trade
- Ocean Shipping Terminologies
- Freight Agents
- Methods of Payments (L/C)
- Incoterms 2020
Module 5 – Performance & Ethics
- Purchasing Performance Evaluation
- Purchasing Audit Approach
- Benchmarking & Rating
- Purchasing Ethics
- Ethics issues relating to suppliers
- Purchasing & Prevention of Fraud
Module 6 – Risk Management in Procurement
- What is Risk
- Procurement challenges
- Common types of procurement risks
- Dual challenges of Risk Management
- External & Internal Risk Factors
- Currency Risk Management
- Steps to Risk Mitigation
Module 7 – Introduction to Contracts
- What is a Contract
- Essentials of contract
- Managing contract compliance
- Maintaining procurement documents and records
IPSCMI, the International Purchasing and Supply Chain Management Institute, is a globally reputed professional certification institute in the United States offering multiple supply chain courses throughout the world in all modes of instruction.
Blue Ocean Academy has an exclusive tie-up with the US-based International Purchasing and Supply Chain Management Institute (IPSCMI) to offer logistics & supply chain professional courses in the UAE and other GCC countries. Upon course completion, students receive a Certificate from IPSCMI.