Procurement & Purchasing
CIPP – CIPM
Categories: Online
CIPP – CIPM
Categories: Online
Course Objectives
Upon completing this procurement certification, participants will be able to:
- Encompass the prime concepts of global procurement
- Streamline procurement strategy with organizational objectives
- Comprehend the difference between Procurement vs Purchasing
- Partner with the right vendor/supplier to ensure productivity
- Apply profit-driving strategies for sourcing, negotiation and contract closing
- Maintain productive and error-free vendor and supplier relationship
- Drive best ethical practices for sustainable procurement practices
- Understand and apply e-procurement value chain and tools
- 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
- Sustainable procurement practices
- Operational procurement
- Procurement vs Purchasing – holistic overview
- Supplier/ vendor evaluation
- Negotiation skills
- Sourcing skills
- Supplier relationship management
- E-procurement tools and techniques
- Assessing supplier
- Negotiation skills
- Procurement KPIs
- Supplier relationship management
- Risk management in procurement
- Awareness of international payment methods
CIPP – Course Outline
Module 1 – Introduction to Purchasing
- What is Purchasing
- Evolution of Purchasing
- Types of Purchasing
- Understanding Purchasing Functions
- Purchasing Cycle
Module 2 – Procure to Pay (P2P)
- What is P2P
- The Procure to Pay Process Flow
- Automation of P2P
- Purchasing methods
- Cross-Functional Purchasing
- Centralize vs De-centralize Purchasing
Module 3 – E-commerce
- Understanding E-procurement value chain
- E-procurement tools
- Evolution of E-procurement models
- Benefits and Disadvantages
Module 4 – Sourcing and Supplier Management
- What is Sourcing
- Sourcing Process
- Types of Sources of Supply
- Analysis of market conditions
- Make vs Buy Analysis
- Types of Leasing
- Solicitation
Module 5 – Sustainable Procurement
- What is Green Procurement
- Scope and potential benefits of Green Procurement
- Implementing Green Procurement Policy
- Creating a Green procurement program
- Approaches to implement sustainable procurement
Module 6 – Supplier Evaluations
- Supplier assessments
- Supplier approvals
- Evaluation methods
Module 7 – Global Purchasing
- Why buy global
- Sources of information for overseas suppliers
- Overcoming global sourcing challenges
- True cost of global buying
- Factors of success
Module 8 – Negotiations
- Approach to negotiation
- Content of negotiation
- Factors in negotiation
- Negotiation process
- Negotiation in relationships
- Negotiation ethics
CIPM 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 advanced procurement and 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:
- Encompass the prime concepts of global procurement
- Streamline procurement strategy with organizational objectives
- Comprehend the difference between Procurement vs Purchasing
- Partner with the right vendor/supplier to ensure productivity
- Apply profit-driving strategies for sourcing, negotiation and contract closing
- Maintain productive and error-free vendor and supplier relationship
- Drive best ethical practices for sustainable procurement practices
- Understand and apply e-procurement value chain and tools
- 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
- Sustainable procurement practices
- Operational procurement
- Procurement vs Purchasing – holistic overview
- Supplier/ vendor evaluation
- Negotiation skills
- Sourcing skills
- Supplier relationship management
- E-procurement tools and techniques
- Assessing supplier
- Negotiation skills
- Procurement KPIs
- Supplier relationship management
- Risk management in procurement
- Awareness of international payment methods
CIPP – Course Outline
Module 1 – Introduction to Purchasing
- What is Purchasing
- Evolution of Purchasing
- Types of Purchasing
- Understanding Purchasing Functions
- Purchasing Cycle
Module 2 – Procure to Pay (P2P)
- What is P2P
- The Procure to Pay Process Flow
- Automation of P2P
- Purchasing methods
- Cross-Functional Purchasing
- Centralize vs De-centralize Purchasing
Module 3 – E-commerce
- Understanding E-procurement value chain
- E-procurement tools
- Evolution of E-procurement models
- Benefits and Disadvantages
Module 4 – Sourcing and Supplier Management
- What is Sourcing
- Sourcing Process
- Types of Sources of Supply
- Analysis of market conditions
- Make vs Buy Analysis
- Types of Leasing
- Solicitation
Module 5 – Sustainable Procurement
- What is Green Procurement
- Scope and potential benefits of Green Procurement
- Implementing Green Procurement Policy
- Creating a Green procurement program
- Approaches to implement sustainable procurement
Module 6 – Supplier Evaluations
- Supplier assessments
- Supplier approvals
- Evaluation methods
Module 7 – Global Purchasing
- Why buy global
- Sources of information for overseas suppliers
- Overcoming global sourcing challenges
- True cost of global buying
- Factors of success
Module 8 – Negotiations
- Approach to negotiation
- Content of negotiation
- Factors in negotiation
- Negotiation process
- Negotiation in relationships
- Negotiation ethics
CIPM 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 advanced procurement and 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.