ABOUT THIS COURSE
An organization will likely have a dedicated procurement team, who employ multi-faceted strategies to ensure cost-effective quality purchasing as part of their procurement management.
Procurement management can be defined as the acquisition of goods, services, or works from an outside external source. It is favorable that the goods, services, or works are appropriate and that they are procured at the best possible cost to meet the needs of the project in terms of quality and quantity, time, and location.
They will follow a procurement plan that will vary depending on the goods and service being purchased, finding a coffee supplier may not involve all the same steps as purchasing a new fire suppression unit.
The aims of the procurement plan are to identify which vendor can best meet the organization's needs whilst remaining cost effective.
In this course, you will gain an understanding of key elements or procurement from ordering, stores management, hazards, and risks to vendor performance monitoring, as well as the importance of co-operating and facilitating the procurement team and vendors to ensure optimal stock and service delivery.
TOPICS COVERED IN THIS COURSE
- What is Inventory Management?
- Carry Out Appropriate Checks When Receiving Goods
- What are the Key Objectives of Store Management for the Organization?
- Managing Risks Associated with Storing Goods and Materials
- Monitoring Supplier Performance
COURSE DURATION
Approximately 20 Minutes
