What is Procurement Training?

Introduction

Purchasing or buying activities involving raw materials, machinery, and other related services required for the production of finished products in any business organization is widely known as procurement. Management of all these activities starting from indenting to procurement, storing and inventory control is nowadays known as Materials Management in a wider sense. This is considered as a separate department in any manufacturing organization and is managed by materials or purchase manager, purchase or procurement officers and other supporting staff.

 

  Need For Procurement Training In A Business

The aim of procurement function in a business is to provide the right type of materials, equipments, and services at the right time. This will help the business to produce the intended goods and services as per the schedule. This will no doubt boost the productivity of the organization. Hence, the concerned staff has to undergo proper procurement training enabling them to fulfill the requirements of purchasing or buying activity. This training is made available in various universities and community colleges.

Procurement Training Stages

Procurement training is generally provided to an individual who intends to assume the responsibilities of a buyer or a purchaser in any organization. They involve basic data processing operations, analysis of procurement, and management.

Training In Data Processing

This is considered as an important part of training in procurement. Through the use of programs in computer software, the major portion of activity associated with procurement can be executed. Hence, the buyer or purchaser is adequately trained in this area so that he has the capability to feed the desired data, which forms as the vital part of procurement procedure. The training course is designed using software program of specific nature. The application of this program can be utilized efficiently to procure the products that are most commonly required in a business.

 

Analysis Of Procurement

Training in this area is made available to students in the form of university or college degree program. This involves analysis of procurement data that is mainly used to identify the areas in which saving of money can be accomplished by the company or the organization. By doing this, it is possible that the company can improve its business process to a better level. Some of basic and important concepts involved in this type of training under procurement analysis include preparation of data cubes, outliers, statistics, normalization and management of data. These are well designed skills imparted under this training and can be efficiently utilized to match other types of analysis programs or data management.

Training In Procurement Management

This is an important training method involving financial reporting and procurement analysis. Mostly these are management positions and require a post graduate degree or a certificate. These are offered as study programs for a period of one year. Purchaser or buyer needs to get this one year training as an extra qualification to be part of this procurement management.

Outlook

Each business organization that procures services and goods sets its own standard procedures for procurement. They comprise placement of order and payment, negotiations regarding purchase contract, choosing the appropriate supplier, and all systems involved in the procurement process. Hence, the need for procurement training has a great value today.