Syllabus Of PM-

  1. Introduction to Purchasing Management:
  • Definition and importance of purchasing management.
  • Role of purchasing in supply chain management.
  • Evolution of purchasing function.
  1. Purchasing Process:
  • Steps in the procurement process (requisition, supplier selection, negotiation, purchase order, receiving, etc.).
  • Purchase requisition and approval procedures.
  • Supplier evaluation and selection.
  1. Supplier Relationship Management (SRM):
  • Developing and maintaining supplier relationships.
  • Supplier performance measurement and evaluation.
  • Supplier development and collaboration.
  1. Procurement Methods and Strategies:
  • Make vs. buy decisions.
  • Strategic sourcing.
  • Single sourcing vs. multiple sourcing.
  • Cost-based vs. value-based procurement.
  1. Contract Management:
  • Contract types and elements.
  • Contract negotiation and administration.
  • Contract risk management.
  1. Inventory Management:
  • Importance of inventory in purchasing.
  • Inventory control techniques.
  • Economic order quantity (EOQ) and just-in-time (JIT) inventory.
  1. Legal and Ethical Considerations:
  • Laws and regulations affecting procurement (e.g., contract law, antitrust laws).
  • Ethical issues in purchasing and supplier relationships.
  1. Global Sourcing and International Procurement:
  • Challenges and opportunities of global sourcing.
  • Currency exchange, tariffs, and trade agreements.
  • Cultural considerations in international procurement.
  1. Cost Analysis and Pricing:
  • Cost analysis techniques (e.g., cost breakdown analysis).
  • Pricing strategies and negotiation tactics.
  1. Supplier Quality Management:
  • Quality standards and certifications.
  • Total quality management (TQM) in procurement.
  1. Risk Management:
  • Identifying and mitigating procurement risks.
  • Supply chain risk management.
  1. E-Procurement and Technology:
  • Use of technology in purchasing (e.g., e-procurement systems, e-auctions).
  • Digital transformation in procurement.
  1. Sustainability in Procurement:
  • Environmental and social responsibility in procurement.
  • Sustainable sourcing practices.