Procurement Management

Procurement Management, available at $69.99, has an average rating of 4.46, with 70 lectures, 9 quizzes, based on 4652 reviews, and has 16806 subscribers.

You will learn about Making Buy or Build Decisions Supplier Evaluation Economic Order Quantity and Re-ordering Work Breakdown and Resource Calendar Types of Procurement Contracts Contract Terms and Documents Delivery Terms – Incoterms Procurement Activities and Documents Working Capital, WACC, Business Cycle Basics of Dispute Resolution Earned Value Management Risk Management This course is ideal for individuals who are Entrepreneurs and Business Owners who directly engage in Procurement Process or Managers and Engineers who assist Procurement Managers in Operations or Managers and Engineers supporting Procurement in Projects or Engineering and Management Students seeking Career Oppurtuinity It is particularly useful for Entrepreneurs and Business Owners who directly engage in Procurement Process or Managers and Engineers who assist Procurement Managers in Operations or Managers and Engineers supporting Procurement in Projects or Engineering and Management Students seeking Career Oppurtuinity.

Enroll now: Procurement Management

Summary

Title: Procurement Management

Price: $69.99

Average Rating: 4.46

Number of Lectures: 70

Number of Quizzes: 9

Number of Published Lectures: 70

Number of Published Quizzes: 9

Number of Curriculum Items: 80

Number of Published Curriculum Objects: 80

Number of Practice Tests: 1

Number of Published Practice Tests: 1

Original Price: $29.99

Quality Status: approved

Status: Live

What You Will Learn

Making Buy or Build Decisions
Supplier Evaluation
Economic Order Quantity and Re-ordering
Work Breakdown and Resource Calendar
Types of Procurement Contracts
Contract Terms and Documents
Delivery Terms – Incoterms
Procurement Activities and Documents
Working Capital, WACC, Business Cycle
Basics of Dispute Resolution
Earned Value Management
Risk Management

Who Should Attend

Entrepreneurs and Business Owners who directly engage in Procurement Process
Managers and Engineers who assist Procurement Managers in Operations
Managers and Engineers supporting Procurement in Projects
Engineering and Management Students seeking Career Oppurtuinity

Target Audiences

Entrepreneurs and Business Owners who directly engage in Procurement Process
Managers and Engineers who assist Procurement Managers in Operations
Managers and Engineers supporting Procurement in Projects
Engineering and Management Students seeking Career Oppurtuinity

Although the word procurement or purchase implies to be a mere transaction involving a buyer and seller, it requires execution on multiple fronts such as technical, commercial, legal, interpersonal and managerial. Individuals with knowledge of procurement process can reduce lapses in management or communication and ensure organizational success.

To help professionals and students understand the process and perform better, this course focuses on delivering a comprehensive understanding of the management and practical aspects involved in procurement.

For students and professionals in construction, oil and gas, engineering, manufacturing, interior design, textiles or apparel.

What will you learn through your investment in these 6 hours of Lecture?

Item classification
Management Terminology.
Build vs Buy Decisions
Market conditions
State of supply chain.
Criteria for Supplier Selection
Methods for Supplier Evaluation
Work packages and work breakdown
Resource breakdown and resource calendar
Basics of Change Management
Understand the term contract
Types of contracting arrangements
Impact of Project environment and Organization type.
Various purchase documents
Standard terms in procurement contracts
Limitation of Liability – Delivery terms; Incoterms.
Identifying and working with stakeholders
Preparing for procurement and documents
Procurement process and contract administration.
EVM – Earned Value Management
Basics of risk and business continuity
Systematic approach managing risks
Basics of Claims and Dispute Resolution
Closing and Termination of Procurement
Procurement Costs
Economic Order Quantity
SLA – Service Level Agreements
Re-ordering – Fixed Order Interval, Fixed Order Quantity
Working Capital
Business Cycle
Managing Working Capital
7Rs of Procurement

Also, with a quiz in each section – total of 8 Quizzes

Course Curriculum

Chapter 1: Introduction

Lecture 1: Reasons to take this Course

Lecture 2: Introduction

Lecture 3: Outline of the Course – Contents

Lecture 4: About the Instructor

Lecture 5: Bonus Lecture: Operations vs Projects

Chapter 2: Procurement Basics

Lecture 1: Intro to Procurement Fundamentals

Lecture 2: Reasons to Build or Buy

Lecture 3: Build or Buy Analysis

Lecture 4: Purchasing and Item Types

Lecture 5: Classification of Items

Lecture 6: Risks in Procurement

Lecture 7: Understanding Terms

Lecture 8: BONUS: Integration in Business

Lecture 9: BONUS: Theory of Firms

Chapter 3: Work Packages

Lecture 1: Intro to Work Packages

Lecture 2: Work Breakdown Structure

Lecture 3: Resource Breakdown Structure

Lecture 4: Resource Calendar

Lecture 5: Change Management

Lecture 6: BONUS: Three Point Estimate

Chapter 4: Supplier Selection

Lecture 1: Intro to Supplier Selection

Lecture 2: Market Conditions

Lecture 3: Supply Chain Conditions

Lecture 4: Supplier Evaluation Techniques

Lecture 5: Supplier Evaluation Criterion Part 1

Lecture 6: Suppler Evaluation Criterio Part 2

Lecture 7: BONUS: Organised and Unorganised Markets

Chapter 5: Contracts

Lecture 1: Intro: Contracts

Lecture 2: Understanding the Term 'Contract'

Lecture 3: Types of Contracting Arrangements

Lecture 4: Project Environment

Lecture 5: Contract Documents

Lecture 6: BONUS: Growth vs Scaling

Chapter 6: Preparing Contracts

Lecture 1: Intro to Preparing Contracts

Lecture 2: Terms and Conditions in Contract

Lecture 3: Delivery Terms – Incoterms

Lecture 4: Technical Specications and Annexures

Chapter 7: Procurement Process

Lecture 1: Intro: Procurement Process

Lecture 2: Preparing for Procurement

Lecture 3: Understanding Stakeholders

Lecture 4: Working with Stakeholders

Lecture 5: Procurement Process

Lecture 6: SIPOC – Process Development Approach

Lecture 7: Contract Administration

Lecture 8: Earned Value Management

Lecture 9: BONUS – Utility Consumption

Chapter 8: Risk Management

Lecture 1: Intro to Risk Management

Lecture 2: Risk Basics

Lecture 3: Risk Identification

Lecture 4: Risk Assessment

Lecture 5: Risk Responses

Lecture 6: Business Continuity Plan

Lecture 7: BONUS: Kraljic Matrix

Chapter 9: Procurement Economics

Lecture 1: Procurement Costs

Lecture 2: Economic Order Quantity

Lecture 3: BONUS: WACC

Lecture 4: SLA – Service Level Agreements

Lecture 5: Re-ordering: FOI (Fixed Order Interval), FOQ (Fixed Order Quantity)

Lecture 6: EXTRA: Supply Chain Concepts

Chapter 10: Procurement Finance

Lecture 1: Working Capital

Lecture 2: Business Cycle

Lecture 3: Managing Working Capital

Chapter 11: Claims Settlement and Closing

Lecture 1: Intro: Claims Settlement and Closing

Lecture 2: Claims and Disputes

Lecture 3: Claims Management

Lecture 4: Dispute Resolution

Lecture 5: Termination and Closing Procurement

Lecture 6: BONUS: Pricing vs Costing

Chapter 12: Takeaways

Lecture 1: Takeaways

Lecture 2: Closing Thoughts and Thank You

Instructors

Avik Munshi
MBA, PMP®, Consultant, Researcher, and Educator

Rating Distribution

1 stars: 60 votes
2 stars: 113 votes
3 stars: 687 votes
4 stars: 1771 votes
5 stars: 2021 votes

Frequently Asked Questions

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