A Highly Interactive Training Course On

The Complete Course on Purchasing & Inventory Management

The Complete Course on Purchasing & Inventory Management
Course Schedule

CLASSROOM

27 Jul-07 Aug 2026
London
$11,900
02-13 Nov 2026
Dubai
$11,900
29 Mar-09 Apr 2027
Dubai
$11,900
26 Jul-06 Aug 2027
London
$11,900
01-12 Nov 2027
Dubai
$11,900
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

This 10-day training course is designed to equip leaders with essential skills to elevate procurement and inventory teams to world-class performance by streamlining organizational processes for greater efficiency and effectiveness. It addresses the critical need to reduce costs while maintaining high customer service levels, focusing on identifying and bridging performance gaps to achieve continuous improvement and meet strategic objectives.

Procurement and inventory management, often misunderstood areas within many organizations, are crucial for achieving strong business results. Implementing sound principles in these areas can enhance return on investment, improve quality, reduce costs, and lower working capital requirements.

The Coventry Academy 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

What are the goals?

By the end of the 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

Who is this Training Course for?

This training course is for Professionals and Staff in organisation that are responsible for improving quality, reducing costs, increasing productivity, raising inventory turns and enhancing customer service through better purchasing and inventory management.

This Coventry Academy 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

How will this Training Course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course is class-work based and will prompt delegates to reflect on current practices and on their current practices. The Tutor will guide and facilitate learning using a wide range of methods including direct input, discussions, case studies and exercises in groups and pairs.

The Course Content

Module 1The Complete Course on Purchasing Management
Day One: The 1st Steps to Becoming World Class
  • Stages To World Class Purchasing
  • How Purchasing is Viewed Today
  • Strategic Sourcing
  • Developing Spend Profiles and the ABC Analysis
  • New Job Descriptions For Purchasing of the Future
  • Purchasing Personnel Required Skill Sets
Day Two: Evaluating Your Own Operation
  • What are Best Practices
  • Purchasing Gap Analysis
  • Vision and Mission for Purchasing
  • Developing The Purchasing Department Strategic Plan
  • Developing Key Performance Indicators (KPIs) For Procurement
  • Developing A Company Purchase Price Index
Day Three: Continuous Improvement and How to Get It
  • Cost Reduction Initiatives
  • Methods of Cost Containment
  • Waste in The Supply Chain
  • Breaking Down The Elements Of Supplier Cost
  • Commodity/Service Strategic Planning
  • Resisting Price Increases
Day Four: Supplier Management Approaches
  • Supplier Classification System
  • Supplier Qualification Methods
  • Supplier Performance Metrics
  • Apply Performance Criteria to Purchasing Decisions
  • Process Mapping To Eliminate Low Value Activities
  • Applying eProcurement Business Process
Day Five: Improving the Image of Procurement
  • Global Sourcing
  • International Labor Rates Comparison
  • Developing and Maintaining a Customer Focus
  • Basic Issues In Corruption And Fraud Prevention
  • Increasing The Level of Procurement Professionalism
  • Keeping Current in the Profession
Module 2The Complete Course on Inventory Management
Day Six: Inventory in the Value Chain
  • The Purpose of Inventory in the Value Chain
  • Classification of Inventory
  • Procedure for Eliminating Obsolete Inventory
  • Pareto Law in Identifying Product Classification
  • Location of Inventory
  • Using Economic Order Quantity on Managing Inventory Order Levels
Day Seven: Demand Planning
  • Basic Forecasting Methods
  • Customer Segmentation
  • Hierarchy of Planning
  • Aggregate Planning
  • Maintenance & Inventory Planning Meeting
  • Master Scheduling
Day Eight: Forecasting
  • Principles of Forecasting
  • Effect of Lead Time on the Forecasting Process
  • Quantitative Forecasting
  • Qualitative Forecasting
  • Tracking Forecast Accuracy
  • Determining Safety Stock
Day Nine: Inventory Recording
  • Period Stock Take
  • Cycle Counting
  • Perpetual Recording
  • Utilising Bar-Cades to Manage Inventory and Movements
  • The Use of Radio Frequency Identification (RFID) for Recording Inventory Movement
  • Inventory Accounting
Day Ten: Performance Measurement
  • Stock Turnover Rate
  • Customer Service
  • Cost of Operations
  • Measuring the Effectiveness of Your System
  • How to Use the Measurements  
  • Class Exercise on Selective Inventory Management

Providers and Associations

Anderson
Anderson
Aztech Training
Aztech Training
COPEX
COPEX

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

Our dedicated support team is available to assist you with any questions regarding the The Complete Course on Purchasing & Inventory Management training course, including course content, scheduling, registration, corporate bookings, and customised training solutions. We are committed to providing prompt and professional assistance throughout your learning journey.

📞 Phone: +971 58 840 7925

📧 Email: info@coventryacademy.com

🌐 Website: coventryacademy.com

We delivers training courses in carefully selected professional venues that provide a comfortable and productive learning environment. Classroom-based courses are typically hosted in premium international venues with modern facilities and dedicated training spaces designed to support effective learning. Participants also benefit from a professional setting that encourages networking, collaboration, and knowledge sharing with peers from diverse industries and backgrounds.

The The Complete Course on Purchasing & Inventory Management training course is designed to be practical, engaging, and highly interactive. Participants benefit from a dynamic learning environment that combines expert-led presentations, facilitated discussions, case studies, practical exercises, and collaborative learning activities. The focus is on developing knowledge that can be applied immediately within the workplace, ensuring participants gain both valuable insights and practical skills that support improved professional performance.

Absolutely. Coventry Academy provides customised in-house training solutions for organisations seeking a tailored learning experience. The The Complete Course on Purchasing & Inventory Management training course can be adapted to reflect your organisation’s objectives, industry requirements, operational challenges, and strategic priorities. Delivered exclusively for your team, customised training enables organisations to maximise relevance, encourage collaboration, and achieve targeted development outcomes. Our team will be pleased to discuss your requirements and develop a solution that aligns with your goals.

Yes. Participants who successfully complete the The Complete Course on Purchasing & Inventory Management training course will receive a Coventry Academy Certificate of Completion, recognising their commitment to professional development and continuous learning. This certificate serves as formal evidence of participation and achievement and can support career progression, professional credibility, and ongoing development objectives. Where applicable, details regarding professional development credits or accreditation will be provided within the course information.

No prior experience is required to attend the The Complete Course on Purchasing & Inventory Management training course. The course is designed to accommodate participants from diverse professional backgrounds and varying levels of experience. While some familiarity with the subject matter may help participants gain additional value from certain discussions and activities, the course content is structured to ensure that both newcomers and experienced professionals can fully engage with the learning experience and benefit from the training.

The The Complete Course on Purchasing & Inventory Management training course is designed for professionals seeking to strengthen their knowledge, enhance their capabilities, and achieve greater impact within their organisations. It is suitable for managers, supervisors, team leaders, technical specialists, consultants, and professionals at all career stages who wish to expand their expertise and stay current with industry developments. Whether you are looking to advance your career, improve workplace performance, or prepare for new responsibilities, this course provides valuable knowledge and practical insights to support your professional growth.