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The Complete Course on Purchasing & Inventory Management

The Complete Course on Purchasing & Inventory Management

Course Schedule

Classroom

Online

No online dates are currently available.

Training Introduction

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

Day 1: 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 2: 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 3: 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 4: 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 5: 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

Day 6: 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 7: Demand Planning

  • Basic Forecasting Methods
  • Customer Segmentation
  • Hierarchy of Planning
  • Aggregate Planning
  • Maintenance & Inventory Planning Meeting
  • Master Scheduling

Day 8: Forecasting

  • Principles of Forecasting
  • Effect of Lead Time on the Forecasting Process
  • Quantitative Forecasting
  • Qualitative Forecasting
  • Tracking Forecast Accuracy
  • Determining Safety Stock

Day 9: 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 10: 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

Quick answers to common questions about this training course.

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.

Absolutely! If you’re attending one of our courses at an international venue, we can help
with hotel reservations and entry visas. Just reach out to our Customer Service team:

  • Phone: +971 4 420 8304
  • Fax: +971 4 420 8304
  • Email: info@coventryacademy.com

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.

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

Registering for a course is super easy! Here’s how you can do it:

  • Online: Pick your course, hit the "REGISTER" button, fill out the form, and
    submit it.
  • Email: Drop us a line with your details at info@coventryacademy.com.
  • Phone: Give us a call at +971 4 420 8304 to book your spot.
  • Fax: Fill in the booking form (you’ll find it in our brochures, flyers, or catalogue)
    and fax it to [+971 4 420 8304](tel:+97144208304).

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.

Your course fees cover:

  • For classroom courses: printed materials, lunch, and refreshments.
  • For online courses: all materials sent to you by email.
  • A certificate of completion or attendance.

You’ll need to make payment before the course starts. Here are your options:

  • Bank draft
  • Cash
  • Credit card
  • Wire transfer

Heads up: If we don’t receive payment before the course begins, we may have to deny
admission.

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 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.

Our courses are led by top-notch international instructors. They’re not just academically qualified—they’ve also got years of real-world experience. They bring practical insights and deep knowledge to every session, making your learning experience truly valuable!

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.

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