The Complete Course on Purchasing & Inventory Management

The Complete Course on Purchasing & Inventory Management equips you with the skills to lead procurement and inventory teams to achieve top-tier performance by running organizations more efficiently and effectively. In today’s competitive environment, balancing cost reduction with maintaining customer service levels is crucial for both procurement and inventory management. The course focuses on identifying performance gaps and addressing them to ensure continuous improvement toward meeting strategic goals.

Procurement and inventory management are often among the least understood areas in many organizations, yet they are key to driving strong business outcomes. By applying effective procurement and inventory management practices, businesses can achieve higher returns on investment, improved quality, lower costs, and reduced working capital.

This training course will feature:

• Selection and application of management strategies
• Managing suppliers to obtain best in class results
• Reduction in inventory investment
• Improved customer satisfaction
• Management of Stock Keeping Units in terms of their priorities

This training course is split into two modules:

MODULE I - The Complete Course on Purchasing Management

MODULE II - The Complete Course on Inventory Management

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

By the end of this training course, participants will be able to:

• Develop strategic purchasing plans & discuss how to improve internal customer service
• Explore many ways of reporting key performance indicators (KPIs)
• Understand the most important competencies for purchasing personnel
• Understand the importance of inventory & the role it plays in the profitability of the company
• Apply best methods to optimise the investment in inventory

The Complete Course on Purchasing & Inventory Management is for Professionals and Staff in organization that are responsible for improving quality, reducing costs, increasing productivity, raising inventory turns and enhancing customer service through better purchasing and inventory management.

This training course is suitable to a wide range of professionals, but will greatly benefit:

• Purchasing, Procurement, Contracts, Contract Administration, Projects personnel
• Engineering, Facilities, Finance and Maintenance Personnel
• Personnel involved in the planning and management of tender process
• Those involved in inventory management as a supplier, buyer, materials planner, warehousing, finance or even end-customer
• Those in general management wanting an understanding of the procurement and inventory processes