Principles of Procurement and Supply

Overview

Procurement and supply accounts for 70% of an organization’s profitability, hence the smallest savings in costs do have huge impacts for its strategic operations. This introductory course will thoroughly grant the student a complete understanding of procurement and supply principles, enough so that the individual can begin procuring efficiently and effectively for their employer or even their own business.

Target Audience

This course is ideal for persons who are responsible for the procurement and supply function in any organization as well as small business owners or persons wishing to start their own company or persons interested in knowing about procurement and supply and all the logistics involved in the process.

Course Objectives

Participants will learn about:

1. Introduction into Procurement and Supply Chain Management

• What is a Supply Chain?
• Logistics
• Reverse Logistics
• What is Supply Chain Management?
• What is Procurement?
• The Procurement Cycle

2. Ethics in Procurement and Supply

• Defining Ethics and Ethical Behavior
• Ethical Sourcing
• CIPS Procurement Code of Ethics

3. Sustainability in Procurement and Supply

• What is Sustainability?
• The Triple Bottom Line & the Three Pillars of Sustainability
• Corporate Social Responsibility
• Green Application
• Leaders in Sustainability

4. The Five Rights of Procurement and Supply

• The Right Quality
• The Right Quantity
• The Right Place
• The Right Time
• The Right Price

5. Adding Value through Procurement and Supply

• Defining Value for Money
• The Three E’s
• Value Engineering/Value Analysis

6. The Sixth Right of Procurement and Supply

• The Sixth Right
• Supplier Selection and Appraisal
• Understanding Negotiation

7. Introduction to Risk Management for Procurement Professionals

• Understanding Risk
• The Risk Cycle
• Risk Identification and Analysis Tools
• Risk Management Responses: The Four Ts

8. Introduction to Contracts for Procurement Professionals

• What is a contract?
• What constitutes a Contract?
• Representations, Terms & Clauses
• Standard Forms of Contracts
• Defining Contract Types
• Documentation in Contracts
• The Contract Register
• Understanding Dispute Resolution Techniques

9. Introduction to Tenders for Procurement Professionals

• Understanding Tenders
• Tender Methodologies
• The Tender Cycle

10. Measuring Performance in Procurement and Supply

• Importance of Data Management
• SMART, KPIs, and Targets
• Supplier Evaluation and Supplier Scorecards
• Managing Supplier Underperformance

Course Schedule

Course Offering

Day	Time	Duration	Contact Hours	Cost	Lecturer
Tuesday	06:00 pm to 09:00 pm	4 weeks	12 hours	$800.00	Mr. Wesley Superville

Session - Tuesday (06:00 pm to 09:00 pm)

Session	Start Date	End Date
Cycle 1 - Online Classes	Tuesday, February 7, 2023	Tuesday, February 28, 2023
Cycle 2 - Online Classes	Tuesday, April 4, 2023	Tuesday, April 25, 2023
Cycle 3 - Online Classes	Tuesday, June 6, 2023	Tuesday, June 27, 2023
Cycle 4 - Online Classes	Tuesday, August 8, 2023	Tuesday, August 29, 2023
Cycle 5 - Online Classes	Tuesday, October 3, 2023	Tuesday, October 24, 2023
Cycle 6 - Online Classes	Tuesday, November 14, 2023	Tuesday, December 5, 2023

Assessment

The course combines a number of teaching techniques including lectures, class discussions and role playing.

Student Support

Facilitator

Mr. Wesley Superville

Mr. Wesley Superville’s passion for Supply Chain Management heralds from 20 years of combined experience in various supply chain functions including Warehouse Specialist, Inventory Controller, Purchasing Officer and Materials and Logistics Supervisor in the Oil and Gas, Telecommunications and FMCG industries of Trinidad and Tobago.  A holder of the MCIPS qualification and recent completion of a Master of Business Administration in Logistics and Supply Chain Management. Wesley began lecturing the CIPS program in 2014 at Purchasing Supply and Management Tuition Services under the close mentorship of Mr. Noel Small.  In 2019, he joined the CTS family as a CIPS lecturer and steadfastly demonstrated the tangible aptitude of expertise, compassion and dedication of high-quality support to his students. His deportment is friendly, welcoming, and quirky with well-rounded professional experience that affords him to effectively guide his CIPS students both in their academics and careers.

However, as with all iceberg successes, there were submerged challenges and sacrifices which molded him throughout his journey; Wesley began as a laborer at a very young age in the warehouses of local supermarkets. His grassroots beginnings drove him to educate persons about the importance of the CIPS program together with critical role that Warehousing and Inventory Management plays throughout the supply chain, in order to bring understanding, respect and best-practice to the qualification and profession. In a private capacity he does consultation, resume writing, and assist jobseekers find employment in different supply chain positions. His mantra? Advance to be recognized! Wesley continuously progresses his academics and lets his work performance and student feedback do the talking. His greatest achievement? Continuously striving for humility.

He quotes: “Learning is a continuous cyclical exchange; there is so much to learn from the people I encounter, especially my students. They have a lot to offer, because supply chain management exists everywhere.”

Programme Management

The programme management team is responsible for the management of the course. If you would like further information or would like clarification on this programme please contact:

Ms. Reena Seepersadsingh
Programme Manager
Phone: (868) 376-7721

E-mail: certificationshidden@ctscollege.com

Additional Information

Materials and Equipment
A digital workbook will be provided for this course along with a bibliography for research and further reading.

Prerequisites
None

Fees
Fees payable to CTS College Registration Fees & total cost of tuition $800 TTD, payments can be made via credit card, linx or manager's cheque.