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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