Description
Course Name: Diploma in Procurement and Purchasing
Course Id: DPP/Q1001.
Eligibility: Completion of 10+2 (higher Secondary) or equivalent.
Objective: The Diploma in Procurement and Purchasing is an ideal program for individuals looking to specialize in procurement and purchasing functions. With organizations focusing on cost optimization and sustainable practices, this diploma equips learners with the necessary skills to contribute effectively to procurement and supply chain processes, making it a valuable addition to their professional qualifications.
Duration: 370 Hrs (Equivalent to One Year).
Total Credits: 18.
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will get Study Material Login id and Password on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
- Duration- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
| How Students will be Graded: | ||
| S.No. | Marks | Grade |
| 1 | 91-100 | O (Outstanding) |
| 2 | 81-90 | A+ (Excellent) |
| 3 | 71-80 | A (Very Good) |
| 4 | 61-70 | B (Good) |
| 5 | 51-60 | C (Average) |
| 6 | 41-50 | P (Pass) |
| 7 | 0-40 | F (Fail) |
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Syllabus
Introduction to Procurement and Purchasing: Definition of procurement and purchasing, Procurement process and stages, Role of procurement in business, Key concepts in procurement (sourcing, tendering, negotiations)
Procurement and Purchasing Strategies: Types of procurement (e.g., centralized, decentralized, global), Procurement strategies for cost reduction and value addition, Supplier relationship management, E-procurement and digital tools in purchasing
Contract Management and Legal Aspects: Understanding procurement contracts (terms and conditions), Types of contracts (fixed-price, cost-reimbursable, time and materials), Contract negotiation and drafting, Legal and ethical considerations in procurement, Dispute resolution in procurement
Supply Chain Management: Introduction to supply chain principles, Logistics and distribution in the supply chain, Inventory management, Demand forecasting and procurement planning, Supplier selection and evaluation
Sourcing and Tendering: Understanding sourcing methods (single-source, multiple-source), Tendering process (open, selective, negotiated), Request for Proposal (RFP), Request for Quotation (RFQ), and Request for Information (RFI), Bid evaluation and supplier selection criteria
Financial and Costing Aspects of Procurement: Budgeting and cost control in procurement, Understanding the Total Cost of Ownership (TCO), Payment terms and conditions, Procurement-related financial analysis (cost-benefit, break-even analysis)
A Diploma in Procurement and Purchasing provides graduates with the knowledge and skills required to manage the sourcing, purchasing, and supply chain activities within an organization. It is a key program for those looking to work in supply chain management, logistics, procurement, and vendor management roles across various industries such as manufacturing, retail, IT, and government sectors. Graduates of this diploma have multiple career opportunities, which are well-compensated, especially in large organizations and multinational companies. Below is a detailed breakdown of the career options and salary ranges for graduates in India:
1. Procurement Manager
- Role: Manages the sourcing and purchasing activities, negotiates with suppliers, ensures cost-effective procurement processes, and ensures compliance with policies and regulations.
- Salary Range: ₹6 – ₹12 LPA (entry-level); ₹12 – ₹20 LPA (mid-level); ₹20 LPA and above (senior roles).
2. Purchasing Manager
- Role: Oversees purchasing activities, manages supplier relationships, and ensures the availability of goods and services required for operations.
- Salary Range: ₹5 – ₹10 LPA (entry-level); ₹10 – ₹18 LPA (mid-level); ₹18 LPA and above (senior roles).
3. Procurement Specialist
- Role: Responsible for identifying and sourcing suppliers, negotiating prices, and ensuring timely delivery of goods and services.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
4. Supply Chain Manager
- Role: Manages the end-to-end supply chain operations, ensuring smooth flow of materials and goods from suppliers to end customers. This role involves inventory management, logistics, and coordination with procurement teams.
- Salary Range: ₹7 – ₹12 LPA (entry-level); ₹12 – ₹20 LPA (mid-level); ₹20 LPA and above (senior roles).
5. Vendor Manager
- Role: Develops and maintains relationships with vendors, negotiates contracts, evaluates supplier performance, and ensures timely deliveries.
- Salary Range: ₹5 – ₹9 LPA (entry-level); ₹9 – ₹15 LPA (mid-level); ₹15 LPA and above (senior roles).
6. Purchasing Officer
- Role: Coordinates the purchasing process, issues purchase orders, monitors inventory levels, and ensures the timely procurement of materials and products.
- Salary Range: ₹3 – ₹6 LPA (entry-level); ₹6 – ₹9 LPA (mid-level); ₹9 LPA and above (senior roles).
7. Strategic Sourcing Manager
- Role: Develops and implements sourcing strategies to optimize costs, improve quality, and ensure continuity of supply. This role typically involves analyzing market trends and supplier capabilities.
- Salary Range: ₹6 – ₹12 LPA (entry-level); ₹12 – ₹20 LPA (mid-level); ₹20 LPA and above (senior roles).
8. Procurement Analyst
- Role: Analyzes procurement data, helps in supplier selection, evaluates purchasing decisions, and assists in budgeting and cost reduction strategies.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
9. Contract Manager
- Role: Manages the contracts between suppliers and the organization, ensures compliance with the terms and conditions, and resolves any disputes that may arise.
- Salary Range: ₹6 – ₹10 LPA (entry-level); ₹10 – ₹18 LPA (mid-level); ₹18 LPA and above (senior roles).
10. Inventory Manager
- Role: Ensures that the organization maintains optimal inventory levels, manages stock ordering, and coordinates the storage and delivery of goods.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
11. Logistics Manager
- Role: Oversees the movement of goods and materials, ensuring timely and cost-effective transportation and delivery from suppliers to warehouses or customers.
- Salary Range: ₹6 – ₹10 LPA (entry-level); ₹10 – ₹18 LPA (mid-level); ₹18 LPA and above (senior roles).
12. Category Manager
- Role: Focuses on managing specific categories of products or services, including pricing, sourcing, and supplier management to ensure the company gets the best deals.
- Salary Range: ₹7 – ₹12 LPA (entry-level); ₹12 – ₹18 LPA (mid-level); ₹18 LPA and above (senior roles).
13. Supply Chain Analyst
- Role: Analyzes the performance of supply chain operations, provides insights to improve efficiency, reduce costs, and ensures smooth coordination between procurement, production, and logistics teams.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
14. Purchasing Coordinator
- Role: Coordinates the purchasing process, helps in vendor management, assists with order placements, and ensures timely delivery of materials to the organization.
- Salary Range: ₹3 – ₹6 LPA (entry-level); ₹6 – ₹9 LPA (mid-level).
15. Procurement Consultant
- Role: Provides expert advice to businesses on procurement strategies, supplier selection, contract negotiation, and supply chain management optimization.
- Salary Range: ₹8 – ₹15 LPA (entry-level); ₹15 – ₹25 LPA (mid-level); ₹25 LPA and above (senior roles).
Key Factors Influencing Salaries:
- Experience: As in most fields, more experienced professionals typically command higher salaries, especially in managerial and senior roles.
- Industry: Salaries can vary depending on the industry. For example, procurement roles in the automotive, tech, or manufacturing sectors may offer higher pay compared to other industries.
- Location: Professionals in major cities such as Mumbai, Delhi, Bangalore, and Chennai typically earn higher salaries due to the concentration of businesses and higher living costs.
- Employer Size: Multinational corporations and large firms often offer more competitive salaries compared to smaller companies.
Emerging Trends:
- Digital Transformation in Procurement: The rise of e-procurement platforms and automation tools is driving demand for professionals who can manage and optimize digital procurement processes.
- Sustainability and Green Procurement: Companies are increasingly focusing on sustainable sourcing practices and ethical procurement, creating new opportunities in green procurement roles.
- Global Supply Chain Management: As companies expand their global footprint, there is a growing need for procurement professionals with expertise in international sourcing, risk management, and cross-border logistics.
Graduates with a Diploma in Procurement and Purchasing can expect to find rewarding careers with opportunities for growth, especially with the rise of technology and global trade. As professionals advance in their careers, they can take on roles with greater responsibility and earn higher salaries.
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