Certification In Purchasing And Materials Management

Learn the principles and strategies involved in purchasing and materials management, sourcing & procurement to inventory

What you'll learn

You will learn the key factors in the purchasing and materials management, importance of purchase materials and its activities. Materials Management.

Learn Materials requirement planning and its characteristics. Basic details of JIT and uses of JIT.

Quality inspection and its objectives Responsibilities of receiving and stores. Stages of quality inspection.

Importance of quality inspection in related to its receiving and incoming materials and parts

Acceptance sampling plans, Its different procedures and its basic information related to the sampling plans

Vendor process capability and material handling

Learn about the standardization, simplification and variety reduction related to the process for creating standardized work, international standard from ISO

Learn all the other details related to standardization, simplification and variety reduction.

Value analysis and engineering, its detailed techniques, definition and the details under this particular chapter.

Appraisal for buying capital equipment, details of make or buy decisions.

Learn about the materials logistics and warehousing management: store layout. and its different related information that will be required for you to study.

This training will be useful if your job involves price determination and negotiations and how to maintain the profitability level, store operational resource

Learn activity based costing and different other analysis.

Requirements

Basic Management Knowledge

Basic Knowledge of Operations

You should have an interest in purchase management and material management

An interest in quality inspection and how it gets followed.

Description

Welcome to the comprehensive online course on Purchasing and Materials Management! In today's global business environment, effective procurement and materials management are essential for organisations to thrive and remain competitive. This course has been meticulously designed to equip you with the knowledge and skills needed to excel in this critical field.This comprehensive course provides an in-depth understanding of the principles and strategies involved in purchasing and materials management. From sourcing and procurement to inventory control and supplier management, you will learn the essential skills needed to successfully manage the purchasing and materials function in any organization.Key Highlights:Master the strategic sourcing processOptimize inventory levels and control costsDevelop effective supplier relationship managementImplement best practices in procurementApply industry-standard techniques in materials managementLearning Objective:Learning Outcome 1Understand the fundamentals of purchasing and materials management, including key concepts, strategies, and principles.Learning Outcome 2Learn how to analyze suppliers, evaluate their capabilities, negotiate contracts, and develop strategic relationships.Learning Outcome 3Gain insights into inventory management techniques, demand forecasting, and JIT (Just-in-Time) inventory systems.Learning Outcome 4Explore cost reduction strategies, value analysis, and total cost of ownership (TCO) concepts to improve purchasing efficiency.Learning Outcome 5Discover the role of technology and information systems in streamlining purchasing and materials management processes.DescriptionTake the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, aspiring manager, budding Professional. This course is an opportunity to sharpen your purchasing and materials management capabilities, increase your efficiency for professional growth and make a positive and lasting impact in the business or organization.Course Format:This online course consists of a combination of video lectures, reading materials, quizzes, assignments, and discussions. You will have access to a dedicated learning platform where you can interact with instructors and fellow participants. Additionally, real-world case studies and practical exercises will help you apply your knowledge to real-life scenarios.Who Should Enroll?· Procurement professionals seeking to enhance their skills and advance their careers· Supply chain and logistics managers· Small business owners and entrepreneurs looking to optimize their procurement processes· Students and recent graduates interested in pursuing a career in procurement and materials managementBy the end of this course, you will have the expertise needed to excel in the field of Purchasing and Materials Management, whether you are a seasoned professional or just starting your career. Join us on this educational journey and gain a competitive edge in the dynamic world of procurement. Enroll now and take the first step towards becoming a procurement and materials management expert!With this course as your guide, you learn how to:All the basic functions and skills required for purchasing management skills.Transform purchasing and materials management knowledge and how information system can be used for managing retail marketing stores in an efficient way for the current retail business climate.Get access to recommended templates and formats for the detail’s information related to retail management.Learn useful case studies, understanding the customers, retail strategy, , enhancing decision making related to store site selections and store operations and profitability with useful forms and frameworksInvest in yourself today and reap the benefits for years to comeThe Frameworks of the CoursePurchasing and materials management will help you to understand and how it should get maintained and managed accordingly to the functions in related to the acceptance of sampling plan. This video will also help to understand the details related to vendor process capabilities and materials handling, Standardisation, simplification and variety reduction, its various challenges related to the value analysis and engineering that will help to understand the appraisal methods for buying capital equipment. Price Determination and the negotiations, objectives of the planning and its related information to the negotiations including processes and its skills for maintaining successful negotiating. Vendor rating, selection and development and its process. Public purchasing and international purchasing. Law of agency and the law of sale of goods.The course includes multiple Case studies, resources like formats-templates-worksheets-reading materials, quizzes, self-assessment, film study and assignments to nurture and upgrade your Purchasing and materials management in details.In the first part of the course, you’ll learn the most Purchasing and materials management, Its relation to introduction to purchase and materials management. Materials requirement planning and JIT. Quality Inspection and how it is related to the materials management. Acceptance sampling plan.In the middle part of the course, you’ll learn how to develop a knowledge of vendor process capabilities and materials handling. Standardisation, simplification and variety reduction. Value analysis and engineering. You will get a knowledge on appraisal methods for buying capital equipment and Material Logistics and warehouse management.In the final part of the course, you’ll develop the price determination and negotiation vendor rating, selection and development. Public purchasing and tendering & International purchasing. . You will get full support and all your quarries would be answered guaranteed within 48 hours.Course Content:Part 1Introduction and Study Plan· Introduction and know your Instructor· Study Plan and Structure of the Course1. Introduction to Purchasing and Materials Management.1.1. Introduction1.2. Purchasing Management1.3. Important of Purchase Management.1.4. Purchasing Activities.1.5. Types of purchase1.6. Purchasing Cycle1.7. Characteristics of a Purchasing Manager.1.8. Materials Management.1.9. Classification of manufacturing materials.1.10. Objectives of the materials management Department.1.11. Relationship between Materials management department and other departments.1.12. Risks to be considered by Purchase Material Manager.2. Material Requirements planning and JIT.2.1. Introduction- Materials Requirement Planning.2.2. Basic Characteristics of MRP.2.3. MRP-Inputs2.4. MRP-Outputs.2.5. JIT-Introduction2.6. Pre-requisites of JIT Implementations.3. Quality Inspection and How it is related to the Materials Management.3.1. Introduction3.2. Broad Objectives of the Quality inspection.3.3. Responsibilities of the Receiving and stores.3.4. Stages of Quality Inspection.3.5. Receiving and Incoming Quality Inspection.3.6. Importance of receiving and Incoming quality inspection.3.7. Check-Lists for receiving and Incoming Materials and Parts.3.8. Inspecting a Shipment.3.9. Inspection of Goods at receiving and in Manufacturing System.3.10. Methods of Inspection.4. Acceptance sampling plans.4.1. Introduction4.2. Acceptance Sampling- Brief History4.3. Acceptance Sampling – Definition.4.4. Acceptance Sampling Procedure.4.5. Role of Acceptance Sampling.4.6. Acceptance Sampling plan.4.7. Types of Acceptance sampling plans.4.8. Type I and Type II Errors.4.9. Advantages of Acceptance sampling.4.10. Disadvantages of Acceptance Sampling.4.11. The Operating Characteristics (OC) Curve.5. Vendor process capability and Material Handling5.1. Introduction to process capability.5.2. Concept of Process.5.3. Concept of Process capability.5.4. Handling the vendor process capability.5.5. Advantages of Vendor Process capability.5.6. Introduction to Materials Handling.5.7. Scope of Materials Handling.5.8. Material- Handling- Definition.5.9. Objectives of Materials Handling.5.10. Material Handling costs.5.11. Types of Material Handling.6. Standardisation, Simplification and Variety Reduction.6.1. Introduction6.2. Standardisation6.3. Standardised (Consistent Process) versus Non- Standardised (Inconsistent Process).6.4. Process for creating Standardised work.6.5. International Standards from ISO.6.6. Benefits of Standardisation.6.7. Limitations of Standardisation6.8. Standardisation as Winning Strategy.6.9. Simplification6.10. Variety Reduction.7. Value Analysis and Engineering.7.1. Introduction7.2. A brief History.7.3. Meaning of Value.7.4. Meaning of Value analysis.7.5. Difference between Value Analysis and Value Engineering.7.6. Objectives of Value Analysis/Value Engineering.7.7. Techniques of Value Analysis.7.8. Value Analysis Process.7.9. Benefits of Value Analysis/Value Engineering.8. Appraisal methods for Buying capital equipment.8.1.Introduction-Make or Buy Decisions.8.2.Factors affecting Make or Buy Decisions.8.3.Importance of Make or Buy Decisions.8.4.Advantages of Make or Buy Strategy.8.5.Reasons for Make Instead of Buy.8.6.Risks involved in decisions “to make”8.7.Reasons for buy instead of make.9. Materials Logistics and Warehousing Management- Store Layout.9.1. Introduction9.2. Meaning of Warehouse Management.9.3. Warehouse Operations.9.4. Warehouse Administration and Management of Store Floor.9.5. Duties and Responsibilities of a store manager.9.6. Store Maintenance.9.7. Energy Management.9.8. Benefits of Warehousing.9.9. Warehouse Management System.9.10. Benefits of Warehouse Management System.Part 210. Price Definition and Negotiation10.1. Introduction.10.2. Objectives of Pricing.10.3. Factors influencing Pricing.10.4. Types of Pricing Strategies.10.5. Negotiation- Introduction.10.6. Meaning of Negotiation.10.7. Examples of Negotiation.10.8. Types of Negotiations.10.9. The process of Negotiation.10.10. Skills for Successful Negotiating.10.11. Obstacles to Negotiation.11. Vendor rating, Selection and Development.11.1. Introduction.11.2. Vendor/Supplier Evaluation11.3. Need for measuring Supplier Performance.11.4. Categories of Suppliers.11.5. Supplier evaluation and Selection process.12. Public Purchasing and Tendering, & International Purchasing.12.1. Introduction.12.2. The Indian Contract act, 187212.3. Law of Agency12.4. Law of Sale of Goods Act, 1930.Part 313. Assignments

Overview

Section 1: 1. Introduction to Purchasing and Materials Management.

Lecture 1 Unit 1. Introduction to Purchasing and Materials management

Lecture 2 Unit 1.1.Purchasing and materials management (Introduction)

Lecture 3 Unit 1.2. Purchase management

Lecture 4 Unit 1.3. Importance of purchase Management

Lecture 5 Unit 1.4. Purchasing activities

Lecture 6 Unit 1.4. Continuation of Purchasing activities

Lecture 7 Unit 1.5. Types of purchase

Lecture 8 Unit 1.6. Purchasing Cycle

Lecture 9 Unit 1.7. Characteristics of a Purchasing manager

Lecture 10 Unit 1.8. Materials management

Lecture 11 Unit 1.9. Classification of Manufacturing materials

Lecture 12 Unit 1.10. Objectives of materials management department

Lecture 13 Unit 1.10. Continuation of objectives of Materials management department

Lecture 14 Unit 1.11. Relationship between Materials management department and other depart

Lecture 15 Unit 1.11. Continuation of relationship between Materials management department

Lecture 16 Unit 1.12. Risks to be considered by Purchase Materials Manager

Section 2: 2. Material Requirements planning and JIT.

Lecture 17 Unit 2. Materials requirements planning and JIT

Lecture 18 Unit 2.1. Materials requirements planning (Introduction)

Lecture 19 Unit 2.2. Basic characteristics of MRP

Lecture 20 Unit 2.3. MRP inputs

Lecture 21 Unit 2.4 MRP Outputs

Lecture 22 Unit 2.5. Just in time - Introduction

Lecture 23 Unit 2.6. Pre-requisites of JIT Implementation

Section 3: 3. Quality Inspection and How it is related to the Materials Management.

Lecture 24 Unit 3. Quantity Inspection and how it is related to Materials Management

Lecture 25 Unit 3.1. Quality inspections and how it is related to Materials Management (Int

Lecture 26 Unit 3.2. Broad objectives of quality inspections

Lecture 27 Unit 3.3 Responsibilities of the receiving and the store units.

Lecture 28 Unit 3.3. Continuation of responsibilities of receiving and the store units

Lecture 29 Unit 3.4. Stages of quality inspections

Lecture 30 Unit 3.5. Receiving and incoming quality inspections

Lecture 31 Unit 3.6. importance of receiving and incoming quality inspections

Lecture 32 Unit 3.7. Checklists for receiving and incoming materials part

Lecture 33 Unit 3.8. Inspecting a shipment

Lecture 34 Unit 3.9. Inspection of goods at receiving and in the manufacturing systems

Lecture 35 Unit 3.10 . Methods of inspection

Section 4: 4. Acceptance sampling plans

Lecture 36 Unit 4. Acceptance sampling

Lecture 37 Unit 4.1. Acceptance sampling plan (Introduction)

Lecture 38 Unit 4.2. Acceptance sampling -Brief history

Lecture 39 Unit 4.3. Acceptance sampling -Definition

Lecture 40 Unit 4.4. Acceptance sampling procedure

Lecture 41 Unit 4.5. Role of acceptance sampling

Lecture 42 Unit 4.6. Acceptance sampling plan

Lecture 43 Unit 4.7. Types of acceptance sampling plans

Lecture 44 Unit 4.8. Type I and Type Ii norms

Lecture 45 Unit 4.9. Advantages of Acceptance sampling

Lecture 46 Unit 4.10.Disadvantages of Acceptance sampling

Lecture 47 Unit 4.11. The operating Characteristics curve

Lecture 48 Unit 4.11. Continuation of The Operating Characteristics curve

Section 5: 5. Vendor process capability and Material Handling

Lecture 49 Unit 5. Acceptance sampling plan

Lecture 50 Unit 5.1. Introduction to Process Capability

Lecture 51 Unit 5.2. Concept of Process

Lecture 52 Unit 5.3. Concept of process capacity

Lecture 53 Unit 5.4. Characteristics of Vendor process capability

Lecture 54 Unit 5.5. Handling the Vendor process capability

Lecture 55 Unit 5.6. Advantages of Vendor process capability

Lecture 56 Unit 5.7. Introduction to materials handling

Lecture 57 Unit 5.8. Scope of materials handling

Lecture 58 Unit 5.9. Material handling

Lecture 59 Unit 5.10 Objectives of materials handling

Lecture 60 Unit 5.11. Materials handling costs

Lecture 61 Unit 5.11. Continuation of materials handling costs

Lecture 62 Unit 5.12.Types of materials handling

Lecture 63 Unit 5.12. Continuation of Types of materials handling

Section 6: 6. Standardisation, Simplification and Variety Reduction.

Lecture 64 Unit 6. Standardisation, Simplification and variety reduction

Lecture 65 Unit 6.1. Standardisation, Simplification and variety reduction (Introduction)

Lecture 66 Unit 6.2. Standardisation

Lecture 67 Unit 6.3. Standardised (Consistent ) vs. Non-Standardisation(Inconsistent)

Lecture 68 Unit 6.4. Process for creating Standardised work

Lecture 69 Unit 6.5. International standards from ISO

Lecture 70 Unit 6.6. Benefits of standardisation

Lecture 71 Unit 6.7. Limitations of standardisation

Lecture 72 Unit 6.8. Standardisation as winning strategy

Lecture 73 Unit 6.9. Simplification

Lecture 74 Unit 6.10.Variety Reduction

Section 7: 7. Value Analysis and Engineering.

Lecture 75 Unit 7. Value analysis and engineering

Lecture 76 Unit 7.1.Value analysis and engineering (Introduction)

Lecture 77 Unit 7.2. Value analysis and engineering (A brief history)

Lecture 78 Unit 7.3. Meaning of value

Lecture 79 Unit 7.3. Continuation of meaning of values

Lecture 80 Unit 7.4. Meaning of value analysis

Lecture 81 Unit 7.5. Difference between Value Analysis and value Engineering

Lecture 82 Unit 7.6 Objectives of Value analysis or value engineering

Lecture 83 Unit 7.7. Techniques of value analysis

Lecture 84 Unit 7.8. Value analysis process

Lecture 85 Unit 7.9. Benefits of Value analysis or Value Engineering

Section 8: 8. Appraisal methods for Buying capital equipment.

Lecture 86 Unit 8. Appraisal methods for buying capital equipment

Lecture 87 Unit 8.1. Introduction -Make or Buy Decision

Lecture 88 Unit 8.2. Factors affecting make or buy decisions

Lecture 89 Unit 8.3. Importance of make or buy decisions

Lecture 90 Unit 8.4. Advantages of make or buy strategy

Lecture 91 Unit 8.5. Reasons for make instead of buy

Lecture 92 Unit 8.6. Risks involved in decisions to make

Lecture 93 Unit 8.7. Reasons for buy instead of make

Section 9: 9. Materials Logistics and Warehousing Management- Store Layout.

Lecture 94 Unit 9. Materials logistics and Warehousing Management Store layout

Lecture 95 Unit 9.1.Materials logistics and Warehousing Management Store layout (Introduct

Lecture 96 Unit 9.1. Continuation of materials logistics and Warehousing Management Store l

Lecture 97 Unit 9.2.Meaning of Warehouse Management

Lecture 98 Unit 9.2. Continuation of Meaning of Warehouse Management

Lecture 99 Unit 9.3. Warehouse operations

Lecture 100 Unit 9.3.Continuation of Warehouse operations

Lecture 101 Unit 9.4. warehouse administration and management of store floor

Lecture 102 Unit 9.5. Duties and responsibilities of store manager

Lecture 103 Unit 9.6. Store maintenance

Lecture 104 Unit 9.7. Energy management

Lecture 105 Unit 9.8.Benefits of Warehousing

Lecture 106 Unit 9.8. Continuation of benefits of Warehousing

Lecture 107 Unit 9.9.Warehouse Management System

Lecture 108 Unit 9.9. Continuation of Warehouse Management system

Lecture 109 Unit 9.10.Benefits of Warehouse management System

Section 10: t 10. Price Definition and Negotiation

Lecture 110 Unit 10. Price determination and negotiation

Lecture 111 Unit 10.1. Price Determination and Negotiation (Introduction)

Lecture 112 Unit 10.2.Objectives of pricing

Lecture 113 Unit 10.2. Continuation of Objectives of pricing

Lecture 114 Unit 10.3.Factors influencing pricing

Lecture 115 Unit10.3. Continuation of factors influencing pricing…2

Lecture 116 Unit 10.3. Continuation of factors influencing pricing…

Lecture 117 Unit 10.3. Continuation of Factors influencing pricing

Lecture 118 Unit 10.3. Continuation of factors influencing pricing (last part)

Lecture 119 Unit 10.4. Types of pricing strategies

Lecture 120 Unit 10.4.Continuation of types of pricing strategies 1

Lecture 121 Unit 10.4.Continuation of types of pricing strategies 2

Lecture 122 Unit 10.4.Continuation of types of pricing strategies 3

Lecture 123 Unit 10.5. Negotiation

Lecture 124 Unit 10.5. Continuation of Negotiation

Lecture 125 Unit 10.6.Meaning of Negotiations

Lecture 126 Unit 10.7. Examples of Negotiation

Lecture 127 Unit 10 .8. Types of negotiations

Lecture 128 Unit 10.9. The process of negotiations

Lecture 129 Unit 10.10. Skills for successful negotiating

Lecture 130 Unit 10.11. Obstacles to Negotiation

Section 11: 11. Vendor rating, Selection and Development.

Lecture 131 Unit 11.Vendor rating selection and development

Lecture 132 Unit 11.1. Vendor rating, selection and Development

Lecture 133 Unit 11.2. Vendor or Supplier evaluation

Lecture 134 Unit 11.3. Need for Measuring Supplier performance

Lecture 135 Unit 11.4. Categories of Suppliers

Lecture 136 Unit 11.4. Continuation of categories of suppliers

Lecture 137 Unit 11.5 Supplier Evaluation and Selection

Section 12: 12. Public Purchasing and Tendering, & International Purchasing.

Lecture 138 Unit 12.Public Purchasing and Tendering & International Purchasing

Lecture 139 Unit 12.1. Public Purchasing and Tendering & International Purchasing

Lecture 140 Unit 12.2. Provisions of the Indian Contract Act 1872 Regarding Purchasing

Lecture 141 Unit 12.3. Law of Agency and Purchasing

Lecture 142 Unit 12.4. Law of sales of goods act,1930

Section 13: 13. Assignments

Lecture 143 Unit 13.Assignment part

Professionals with purchasing and materials management responsibilities, acceptance sampling plan. Quality inspection and responsibilities related to it.,New professionals who are looking to see them successful in materials handling.,Existing materials management professional who is looking to get more engagement and innovation from their teams and organizations