Solutions → Supplier Relationship Management (SRM) → Foundation

o9 Knowledge Masters in Procurement Management


Description
The o9 Knowledge Masters in Procurement Management Program is a specialized training designed to cater to both freshers and professionals with 2-3 years of experience in Supply Chain or related fields. Through a series of micro-videos, the learners will develop a strong foundation in procurement management, covering fundamental principles, strategic sourcing techniques, supplier relationship management, and sustainable procurement practices.

The program will focus on building essential skills such as supplier relationship management, purchase order processing, contract negotiation, and sustainable sourcing practices. The learners will also delve into procurement evaluation and supply chain dynamics to enhance their ability to optimize procurement outcomes.

Whether you are starting your procurement journey or seeking to advance your career, this program equips you with the knowledge and expertise to excel in procurement management.

Target Audience:
This program is suitable for freshers and professionals with 2-3 years of experience in procurement, sourcing, supply chain, or related fields, seeking to enhance their procurement management capabilities.

Prerequisites:
There are no specific prerequisites for this course, but a basic understanding of procurement concepts or industry experience would be beneficial.

Completion Certification:
Upon successful completion of all the units, the learners will receive a completion certificate.

Course Duration: 15 Hrs

Content
  • Module 1: Fundamentals of Procurement [81 mins]
  • Fundamentals of Procurement [03:38 mins]
  • What is Purchasing? [06:32 mins]
  • What is Procurement? [01:53 mins]
  • Total Cost of Ownership (TCO) [02:53 mins]
  • Types of Purchasing [03:58 mins]
  • Challenges of Services Procurement​ [06:09 mins]
  • Goods vs Services​ [01:33 mins]
  • Purchasing vs Procurement​ [01:42 mins]
  • Purchasing Process Workflow​ [01:54 mins]
  • Procurement Process Workflow​ [03:54 mins]
  • Key Differentiating Factors between Procurement and Purchasing​ [03:06 mins]
  • Centralized vs De-centralized vs Center-led [07:43 mins]
  • Procurement Roles​ [05:22 mins]
  • Procurement Objectives [03:08 mins]
  • Procurement Strategies​ [11:08 mins]
  • Key Benefits of a Streamlined Procurement Process​ [05:03 mins]
  • Procurement Evolution​ [01:34 mins]
  • Supplier Relationship​ [05:03 mins]
  • Procurement Maturity Model and Development Framework​ [03:41 mins]
  • Summary​ [01:32 mins]
  • Module 2: Sourcing Strategies [189 mins]
  • Importance of Implementing Sourcing Strategy [06:09 mins]
  • Learning Objectives​ [01:32 mins]
  • What is Sourcing?​ [02:55 mins]
  • Trend in Supply Management​ [04:00 mins]
  • Category Management​ [03:02 mins]
  • Sourcing Strategy to Business Strategy​ [04:30 mins]
  • Evolution of the Sourcing Process​ [03:26 mins]
  • Tactical Roles & Resp. vs Strategic Roles & Resp.​ [03:45 mins]
  • Strategic Sourcing​ [05:45 mins]
  • Benefits of a ​Cross-functional Team in Strategic Sourcing​ [05:34 mins]
  • Strategic Sourcing Process​ [05:47 mins]
  • Conduct Internal ​Research​ [03:00 mins]
  • Spend Analysis​ [05:59 mins]
  • Categorization​ [02:09 mins]
  • Assess Supply Market​ [04:24 mins]
  • Source of Information [03:02 mins]
  • Sourcing Alternatives​ [02:59 mins]
  • Buyer’s Classification ​of Suppliers​ [02:39 mins]
  • Supply Market - Analysis, Tools, and Techniques​ [05:37 mins]
  • Collect Information and Shortlist Suppliers​ [04:58 mins]
  • Supplier Analysis​ [02:10 mins]
  • Supplier Evaluation Techniques​ [05:21 mins]
  • Supplier Selection Criteria​ [07:14 mins]
  • Supplier Evaluation Using Scorecard​ [05:18 mins]
  • Supplier’s Perception of ​a Buyer​ [03:28 mins]
  • Develop Sourcing Strategy​ [02:18 mins]
  • Kraljic's Portfolio Matrix [08:42 mins]
  • Categories of Suppliers ​[08:48 mins]
  • Supply Base Optimization and Rationalization​ [02:25 mins]
  • Negotiate and ​Select Supplier​ [12:09 mins]
  • Implement Sourcing Strategy​ [04:07 mins]
  • Review Performance and Repeat [06:56 mins]
  • Measurement Techniques​ [02:49 mins]
  • Alternate Sourcing​ [02:50 mins]
  • Make-or-buy Decision​ [03:35 mins]
  • Sourcing by Location​ [01:48 mins]
  • Pricing, Break-even Analysis and Discounts [10:46 mins]
  • Auction and Reverse Auction​ [04:49 mins]
  • Demand Forecasting ​[03:22 mins]
  • Supplier’s Cost Analysis​ [03:05 mins]
  • Total Cost of Ownership (TCO) & Total Acquisition Cost (TAC)​ [05:01 mins]
  • Summary​ [01:08 mins]
  • Module 3: Supplier Relationship Management [65 mins]
  • Supplier Relationship Management (SRM) [02:15 mins]
  • What is SRM? [09:52 mins]
  • Supplier Management vs Supplier Relationship Management​ [04:22 mins]
  • SRM Strategies​ [08:29 mins]
  • Benefits of Supplier Relationship Management [08:46 mins]
  • SRM Process Framework​ [11:37 mins]
  • Supplier Exit Strategy​ [01:49 mins]
  • Supplier Risk Management​ [03:35 mins]
  • Supply Base Optimization & Rationalization​ [05:59 mins]
  • Closer Buyer-Seller Relationships - Advantages and Obstacles​ [03:02 mins]
  • Overcoming Challenges of Implementing SRM [03:37 mins]
  • Summary [02:07 mins]
  • Module 4: Purchase Order Management [93 mins]
  • Purchase Order Management ​[04:35 mins]
  • Strategic Supply Management Processes​ [08:20 mins]
  • Procure-to-pay [03:33 mins]
  • Forecast and Plan Requirement​ [04:09 mins]
  • Requisitioning​ [06:50 mins]
  • Materials Requirements Planning (MRP)​ [03:34 mins]
  • Components of MRP Systems​ [07:12 mins]
  • Purchase Order Generation and Acknowledgement​ [03:37 mins]
  • Blanket Purchase Order​ [03:41 mins]
  • Transportation Mode Analysis and Decision​ [05:09 mins]
  • Transportation Mode Exercise [02:18 mins]
  • Follow Up, Tracking and Status Reporting​ [02:32 mins]
  • Receiving Order, Inspection ​and Closeout​ [03:08 mins]
  • Invoice Settlement and Payment​ [04:28 mins]
  • Purchasing Performance Measurement​ [03:25 mins]
  • Case Study - Misaligned Metrics​ [01:52 mins]
  • Approaches and Measures of Performance​ [06:17 mins]
  • Improving the Purchasing Process​ [03:11 mins]
  • Global Sourcing and Internet Enabled Procurement​ [09:00 mins]
  • Internet Enabled ​Purchasing- Evolution of e-SCM​ [01:33 mins]
  • E-procurement​ [03:06 mins]
  • E-procurement Process—Case Study​ [03:55 mins]
  • Summary​ [01:15 mins]
  • Module 5: Contract Management [109 mins]
  • Contract Management and Negotiations​ [05:13 mins]
  • Contract and Contract Management​ [04:26 mins]
  • Contract Structure​ [12:22 mins]
  • Types of Contracts​ [02:59 mins]
  • Fixed-price Contracts [06:24 mins]
  • Cost-based Contracts​ [07:57 mins]
  • Factors Influencing the Selection of Contract Type​ [04:44 mins]
  • Negotiate and Write a Contract​ - Best Practices​ [04:44 mins]
  • Phases of Contract Management​ [02:06 mins]
  • Pre-contract Award and Renewal Management​ [04:22 mins]
  • Post-Award Phase​ [06:53 mins]
  • Role of Contract Lifecycle Management Systems​ [03:34 mins]
  • Negotiation​ [07:21 mins]
  • Settling Contractual Disputes​ [02:41 mins]
  • Negotiation Framework in Supply Management​ [12:09 mins]
  • Negotiation Tactics ​[04:28 mins]
  • Power in Negotiation​ [06:23 mins]
  • Win-win Negotiation​ [06:27 mins]
  • International Negotiation​ [02:37 mins]
  • Summary​ [01:14 mins]
  • Module 6: Sourcing and Sustainability [112 mins]
  • Sourcing and Sustainability​ [03:15 mins]
  • Recap of Previous Modules​ [03:46 mins]
  • What is Sustainability?​ [03:58 mins]
  • Pillars of Sustainability​ [03:06 mins]
  • What is Supply Chain and Supply Chain Management?​ [04:13 mins]
  • What is a Sustainable Supply Chain and Management?​ [03:57 mins]
  • Adopting Sustainability in the Supply Chain - Case Study [04:29 mins]
  • What is Sustainable Procurement?​ [03:40 mins]
  • What is Triple Bottom Line Framework?​ [03:13 mins]
  • Principles of Sustainable Procurement​ [05:00 mins]
  • What is Sustainable Sourcing?​ [03:30 mins]
  • Achieving Sustainable Procurement​ [09:45 mins]
  • Sustainable Collaboration with Suppliers​ [05:16 mins]
  • Sustainable Procurement Success Criteria​ [04:44 mins]
  • What is Sustainable Logistics?​ [09:09 mins]
  • Sustainable Packaging​ [09:27 mins]
  • Ethical Sourcing and Code of Conduct​ [07:50 mins]
  • Corporate Social Responsibility (CSR)​ [13:40 mins]
  • Sustainability and Technology​ [07:02 mins]
  • Summary​ [03:05 mins]
  • Module 7: Procurement Evaluation [81 mins]
  • Procurement Evaluation​ [06:28 mins]
  • Reasons to Evaluate Procurement and Supply Chain Activities [03:20 mins]
  • Challenges of Procurement Measurement and Evaluation​ [05:22 mins]
  • Measurement Categories​​ [02:42 mins]
  • Price Performance Management​ [01:48 mins]
  • Cost Effectiveness Measurement​ [02:34 mins]
  • Revenue Measurement​ [01:51 mins]
  • Quality Measurement​​ [05:40 mins]
  • Time and Responsiveness Measurement​​ [02:47 mins]
  • Technology and Innovation​​ [02:35 mins]
  • Sustainability Measurements​​ [01:13 mins]
  • Other Miscellaneous Performance Measurement Metrics​​ [04:14 mins]
  • Setup Measurement and ​Evaluation System [10:17 mins]
  • Benchmarking​​ [08:50 mins]
  • Critical Success Factor for Benchmarking Process​​ [05:09 mins]
  • Balanced Scorecard​​ [06:17 mins]
  • Procurement Audit​​ [08:44 mins]
  • Summary​​​ [00:50 mins]
  • Module 8: Procurement and Supply [81 mins]
  • Procurement and Supply​ [07:42 mins]
  • Inventory and its Types​ [05:32 mins]
  • Inventory Cost​ [03:00 mins]
  • Inventory Management​ [06:27 mins]
  • Types of Inventory Control and Monitoring Systems​ [06:17 mins]
  • Methods of Controlling Stocks​ [09:14 mins]
  • Forecasting for Inventory Control​ [04:38 mins]
  • Reorder Point Calculation​ [01:40 mins]
  • Calculation of ​Economic Order Quantity (EOQ) [01:30 mins]
  • Periodic Order Quantity​ [02:38 mins]
  • Safety Stock and​ Safety Lead Time​ [04:31 mins]
  • Pegging in Supply Chain​ [03:45 mins]
  • Example of Pegging using BOM​ [06:23 mins]
  • Developing a Supply Plan​ [06:14 mins]
  • Lean Supply Chain​ [05:23 mins]
  • Creating Lean Supply Chain​ [04:36 mins]
  • Summary​​ [00:51 mins]
  • Assessment [60 mins]
  • o9 Knowledge Masters in Procurement Management - Assessment [60:00 mins]
  • Feedback
  • o9 Knowledge Masters in Procurement Management - Feedback
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever