Procurement Planning Practice Exam
Procurement Planning
Procurement planning is the most common way of recognizing and solidifying necessities and deciding the time periods for their procurement fully intent on having them as and when they are required. A decent procurement plan will portray the cycle in the ID and choice of providers/workers for hire/specialists.
Skills Required
• Procurement Specialist Skill: Holistically Manage Risk
• Improve Sustainability
• Further develop Supplier Relationships
• Take part in a Global Market
• Include New Technology
• Foster Financial Procurement Specialist Skills
• Lead in Innovation
• Team up Effectively.
Career Opportunity
• General Manager - Purchase
• Senior Consultant/Consultant/Manage
• Manager-Procurement
• Senior Manager - Marketing/Material Procurement
• Fixed Network Procurement Professional
• Head of IT Procurement
• Analyst-Procurement management
Table of Content
Procurement Management
• What is Procurement Management
• The Procurement Process
• Make or Buy Analysis
• Supplier Management
• Contract Basics
• Global Sourcing
• E-procurement
Cost and Value Analysis System
• Value Analysis
• Tools for Value Analysis
• Cost Analysis
• Cost Analysis Techniques
Negotiation Skills
• Basic Approaches for Negotiation
• Strategy and Planning for Negotiation
• Tactics of Effective Negotiation
Purchase Management System
• What is Purchasing
• Purchase Department
• Methods of Purchasing
• Purchasing Performance
• JIT Purchasing
Vendor Management
• System of Vendor Evaluation
• Parameters for Evaluation of Vendors Performance
• Social Audit
• Tender and Negotiation Guidelines
• Purchase Review
Materials Planning
• Materials Planning Need
• Factors Affecting Materials Planning
• Tools of Materials Planning
• Principles and Procedure for Materials Planning
• MRP (Material Requirements Planning)
• MRP Processing
• Other Planning Techniques
Materials Budgeting
• Materials Budgeting Concepts
• Materials Budgeting and Accounting
Material Classification, Standardization and Codification
• Material Classification
• Value Analysis and Material Classification
• Material Codification Concepts
• Material Codification Systems
• Material Standardization
• Material Simplification
• Levels of Standardization
Material Handling
• Material Handling Basics
• Material Handling Systems
• Containerization
• Waste Management - Surplus and Obsolete
• Damage and Pilferage
• Cost Analysis
Stores Management and Warehousing
• Stores Functions and Objectives
• Types of Stores
• Stores Layout and Storage
• Successful Store-Keeping Factors
• Warehousing
• Warehouse Management System (WMS)
• Warehouse Operating Principles
• Warehouse Strategy
• Planning Warehouse Distribution
• Warehouse Layout
• Automatic Warehousing
• Schemes of Automatic Warehousing
• Stock Keeping and Accounting
Quality Management
• Quality Basics
• Product vs Service Quality
• Quality Management
• Quality Management Methods
• TQM
• Six Sigma
• Statistical Quality Control
• Double and Multiple Sampling
Legal Framework
• The Indian Contract Act, 1872
• The Sales of Goods Act, 1930
Future Developments
• Procurement Future Trends
• Sustainable Procurement
• Procurement Automation
• Big Data and Procurement
• Material Management Trends
• RFID and Material Management
• Material Management and Big Data
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