Purchasing and Procurement Diploma - Level 5

Purchasing and Procurement Diploma - Level 5

Embark on a transformative journey with our Level 5 Diploma, a cornerstone in Purchasing and Procurement education. Navigate the multifaceted terrain of purchasing processes, equipped with the acumen to optimise and innovate.
Ascend to an unparalleled mastery in purchasing, defining new benchmarks for efficiency and strategic sourcing.

Learning Outcomes:

• Master fundamentals of purchasing in the supply chain.
• Navigate key elements of the purchasing cycle.
• Execute competitive bids in purchasing.
• Build strong purchasing supplier relationships.
• Apply risk analysis in purchasing.
• Optimise efficiency through purchasing tools.
• Understand advanced inventory and purchasing strategies.

Perks:

• 5 Free Digital Certificates

• LearnDrive - Your Trusted eLearning Platform - download

This Purchasing and Procurement Diploma - Level 5 Bundle Includes The Following Courses:

• ➽ Course 01: Purchasing and Procurement Diploma - Level 5
• ➽ Course 02: Logistics Management
• ➽ Course 03: Warehouse Management
• ➽ Course 04: Warehouse Associate
• ➽ Course 05: Manual Handling

Purchasing and Procurement Diploma - Level 5 Course Curriculum Breakdown:

• Basics of Purchasing in Supply Chain
• Role of Purchasing in Procurement within an Organisation
• The Purchasing Cycle and Toolkit Essentials
• Elements and Fundamentals of Purchasing
• Managing Competitive Bids in Purchasing
• Supplier Relationship Management in Purchasing
• Purchasing Strategies for Risk Reduction
• Improving Purchasing Efficiency and Accuracy
• Category and Purchasing Inventory Management
• Tools of the Trade in Purchasing
• Inventory Management in a Purchasing Context
• Little’s Law in Purchasing Inventory Management
• Understanding Costs in Purchasing Inventory
• Metrics in Purchasing Inventory Management
• Purchasing Part Classification and Analysis
• Dynamics of Inventory in Purchasing
• EOQ and Price Break Models in Purchasing
• Order Timing and Inventory Control in Purchasing
• Safety Stock Calculations and Purchasing Risk
• Advanced Strategies in Purchasing Inventory Management

Why Choose LearnDrive?

• All Courses are CPDQE Accredited
• Friendly Learning Environment
• Compatible with Any Device
• Digestible Lessons with Cognitive Ease
• You Can Instantly Download The Certificates without Any Delay
• Your Employer Can Validate The Certificate from Our Website

Accreditation
This Purchasing and Procurement Diploma - Level 5 course isCPDQE Accredited, which serves as an impactful mechanism for skill enhancement, maintaining the relevance of academic credentials, and strategically advancing one’s career.

This Purchasing and Procurement Diploma - Level 5 Course is suitable for:

• Beginners in Purchasing
• Professionals in Purchasing
• Students in Purchasing
• Career changers in Purchasing

NB: The course is not regulated. If you are interested in obtaining a professional qualification, you may consider the following:

• Level 3 Certificate in Purchasing
• Level 4 Certificate in Purchasing
• Level 3 Certificate in Purchasing and Procurement (Regulated by Training Qualification UK)
• Level 3 Diploma in Purchasing and Procurement (Regulated by Training Qualification UK)
• Level 4 Certificate in Purchasing and Supply Chain Management
• Level 5 Diploma in Purchasing and Supply Chain Management (Ofqual regulated)
• Level 6 Diploma in Purchasing and Supply Chain Management (Ofqual regulated)
• Level 7 Diploma in Purchasing and Supply Chain Management (Ofqual regulated)
• Level 7 Advanced Diploma in Strategic Purchasing and Supply Chain Management (Ofqual regulated)

1. Purchasing Manager - £40,000 / year
2. Supply Chain Manager - £41,000 / year
3. Procurement Specialist - £34,000 / year
4. Purchasing Agent - £25,000 / year

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