PLS102: Managing Inventory and the Procurement Process

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PLS102: Managing Inventory and the Procurement Process

About this course

This intensive course  has the following structure/outline –

Course Outline
Course Name/Title Managing Inventory and the Procurement Process
Course Number PLS102
Who will benefit from attending? This course is designed for –

·        Senior, Mid-level and Junior Managers

·        Supervisory Staff

·        Project Managers

·        Team Leaders

·        Staff needing to hone their administrative skills


The course allows delegates to update their knowledge and learn new or improved techniques for a variety of formal work settings.


Course Learning Outcomes (CLOs)  

On completing the course, delegates will be able to –


CGO1 Develop more effective procurement strategies and techniques
CGO2 Craft pertinent purchasing procedures and use appropriate supporting tools
CGO3 Critique contemporary inventory management principles and techniques



Course Topics Topics covered include  
·        Strategic Purchasing Planning

·        Effective Purchasing Portfolio Management

·        Relating Strategic Purchasing to Supply Chain Process Models

·        Business Environmental Factors and Purchasing Structures

·        Purchasing as a Functional Department

·        Cross-Functional Purchasing; Cross-Organisational Teams

·        Centralised vs Decentralized Purchasing

·        The Sequence and Impact of Purchasing Procedures

·        A Review of Purchasing and Procurement Technology

·        Purchasing Procedures for Low-Value Purchases

Day 1
·        Developing Purchasing Manuals

·        Purchasing Ethics

·        Inventory, Logistics and Supply Chain Management

·        Inventory Classifications

·        Scope and Aims of Inventory Management

·        Contemporary Tools for Inventory Management

·        The Economics of Inventory

·        Inventory Performance Measures

·        Safety Stocks and Service Levels

Day 2
·        Understanding and Dealing with The Nature of Demand

·        Forecasting Demand Accurately

·        Different Approaches (and Tools) for Matching Supply with Demand

·        Know Your Suppliers and Their Business

·        Developing Suppliers and Supplier Relationships

·        Communicating Specifications

·        Standardisation, and Quality Inspection

·        Outsourcing Issues

·        Factors to be Considered when Buying Capital Equipment

·        Monitoring and Controlling the Acquisition of Capital Equipment

·        New versus Used Equipment; Selecting Suppliers of Capital Equipment

·        Evaluating Capital Equipment; Assessing Capital Procurement Options

Day 3
·        Understanding and Working with the Different Types of Services

·        The Basics of Service Level Agreements

·        Crafting Effective Service Level Agreements

·        Incoterms; Transport Systems, Costs and Considerations

·        Freight Agents; Methods of Payment

·        Countertrade; The True Cost of Buying Overseas

·        Key Factors in Successful Overseas Purchasing

·        Purchasing Performance Evaluation

·        Benchmarking – Historical, Best-of-Breed and Comparative

·        Balanced Scorecard Approach to Evaluating Purchasing Performance

Day 4
Course Scheduling Information
Course Run Dates Course timings to suit EMBT College Schedule and/or client requirements


Course Duration 4 days (this may be varied or customized to suit the client)




Course Delivery Approach

The courses are delivered via instructor-led sessions.  Emphasis is placed on the use of topical case studies and relevant simulations to impart practical knowledge and expertise.  Sessions will involve a mix of instructor presentations and case study work, with supporting classroom discussions.





Assessment & Certification

Assessment of performance will be through delegate-completed portfolio of work.  The final course outcome is a college-issued Course Certificate of Completion which is also UK Ofqual-endorsed.




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