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Diploma in Purchase Management

Rs.8,000 Rs.4,000

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A Diploma in Purchase Management is a specialized program that focuses on equipping students with the skills and knowledge required to manage the procurement and purchasing activities within an organization. This diploma covers a wide range of topics including procurement strategies, supplier relationships, inventory management, logistics, cost control, and legal aspects of purchasing.

Description

Course Name: Diploma in Purchase Management

Course Id: DPM/Q1001.

Eligibility: Completion of 10+2 (higher Secondary) or equivalent.

Objective: Graduates can pursue careers in various sectors, including manufacturing, retail, government, healthcare, and logistics, and may work as purchasing managers, procurement officers, supply chain specialists, or inventory control managers. The diploma also provides a foundation for further education or certification in purchasing, procurement, and supply chain management.

Course 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

Business Management – Management Function, Approaches to Management, Planning, Planning Premises, Decision Making, Organizing and Staffing, Organization Structure, Decentralization, Directing Coordination, Controlling, Leadership and Motivation, Communication and its Significance, Management Information System.

Manufacturing and Production Management – Productivity Importance, Productivity Ratio, Productivity Measurement, Productivity Index, Product Strategies, Product Life Cycle, Forecasting Methods, moving average, Exponential Smoothing, Regression Analysis, Coefficient of co-relation, Facilities planning: Site Location, Facilities layout, Working Conditions- noise illumination etc.

Procurement Management – Introduction, Direct and Indirect Material, Material Control, Definition, Advantages, Basic Requirements, Purchase Procedure, Centralized Purchasing, Decentralized Purchasing, Steps Involved in Purchase, Storage of Materials, Functions of Store keeping, Issue of Materials.

Negotiation Management – The Nature of Negotiation, Negotiation: Strategizing, Framing and Planning, Strategy and Tactics of Distributive Bargaining, Strategy and Tactics of Integrative Bargaining, Persuasion, Conflict Resolution, International Negotiation, Contract Management.

Inventory Management – Inventory Control and Purchase Management, Main purpose of Inventory Management, Phases Covered by Inventory Management, Inventory Control, Advantages of Inventory, Economic Order Quantity, Steps of Inventory Control.

Warehouse Management – The Role of the Warehouse, Role of the Warehouse Manager, Warehouse process, picking strategies and equipment, Order-picking methods, Warehouse process from replenishment to dispatch and beyond, Warehouse management systems, Resourcing a Warehouse.

Job Opportunities after completion of Diploma in Purchase Management course:

Graduates of the Diploma in Purchase Management program are trained to oversee the procurement and purchasing processes within an organization. They are skilled in sourcing, supplier management, negotiating contracts, managing inventory, and ensuring that goods and services are acquired in a cost-effective and efficient manner. Purchase management is critical in both the private and public sectors, and professionals in this field are in demand across various industries, such as manufacturing, retail, construction, logistics, and more.

Career Options After Completion of the Diploma in Purchase Management

Here are detailed career options for graduates of this program, along with the expected salary ranges in India:


1. Purchase Manager

  • Role: A Purchase Manager is responsible for sourcing, selecting, and negotiating with suppliers to procure the required goods and services. They manage procurement budgets, maintain inventory levels, and ensure that procurement activities comply with internal policies and regulations.
  • Salary:
    • Entry-level: ₹4–6 LPA
    • Mid-level: ₹6–12 LPA
    • Senior-level: ₹12–18 LPA

2. Procurement Manager

  • Role: Procurement Managers oversee the entire procurement process, including strategic sourcing, vendor selection, and supplier relationship management. They ensure that procurement activities are aligned with company goals, budget constraints, and quality standards.
  • Salary:
    • Entry-level: ₹5–8 LPA
    • Mid-level: ₹8–15 LPA
    • Senior-level: ₹15–25 LPA

3. Purchase Officer

  • Role: Purchase Officers handle day-to-day purchasing tasks such as obtaining quotations, evaluating suppliers, placing orders, and ensuring timely delivery of goods. They typically work under the supervision of a Purchase Manager or Procurement Manager.
  • Salary:
    • Entry-level: ₹2.5–4 LPA
    • Mid-level: ₹4–6 LPA
    • Senior-level: ₹6–8 LPA

4. Supply Chain Manager

  • Role: A Supply Chain Manager in purchase management is responsible for overseeing the movement of goods from suppliers to customers. They manage all activities involved in the supply chain, including procurement, logistics, and inventory management.
  • Salary:
    • Entry-level: ₹6–8 LPA
    • Mid-level: ₹8–15 LPA
    • Senior-level: ₹15–25 LPA

5. Vendor Manager

  • Role: Vendor Managers are responsible for managing relationships with suppliers and vendors. They negotiate contracts, manage supplier performance, and ensure that suppliers meet quality standards and deadlines.
  • Salary:
    • Entry-level: ₹4–6 LPA
    • Mid-level: ₹6–10 LPA
    • Senior-level: ₹10–15 LPA

6. Inventory Manager

  • Role: Inventory Managers are responsible for maintaining the inventory levels of goods and materials. They work closely with the procurement team to ensure that stocks are replenished on time and that inventory costs are minimized.
  • Salary:
    • Entry-level: ₹3–5 LPA
    • Mid-level: ₹5–8 LPA
    • Senior-level: ₹8–12 LPA

7. Purchase Analyst

  • Role: A Purchase Analyst is responsible for analyzing data related to procurement processes, vendor performance, and purchasing patterns. They provide insights to improve purchasing decisions, optimize costs, and identify areas for process improvement.
  • Salary:
    • Entry-level: ₹3–5 LPA
    • Mid-level: ₹5–8 LPA
    • Senior-level: ₹8–12 LPA

8. Sourcing Specialist

  • Role: Sourcing Specialists are responsible for identifying and selecting suppliers that offer the best value in terms of cost, quality, and delivery time. They conduct market research, evaluate supplier bids, and negotiate contracts.
  • Salary:
    • Entry-level: ₹4–6 LPA
    • Mid-level: ₹6–10 LPA
    • Senior-level: ₹10–15 LPA

9. Contract Manager

  • Role: Contract Managers ensure that the terms and conditions of procurement contracts are fulfilled by both parties (the buyer and the supplier). They handle contract negotiation, dispute resolution, and monitoring contract compliance.
  • Salary:
    • Entry-level: ₹5–7 LPA
    • Mid-level: ₹7–12 LPA
    • Senior-level: ₹12–18 LPA

10. E-Procurement Specialist

  • Role: E-Procurement Specialists manage online procurement platforms, streamline electronic purchasing systems, and ensure compliance with digital procurement standards. They focus on improving transparency and efficiency in procurement operations through e-procurement tools.
  • Salary:
    • Entry-level: ₹3–5 LPA
    • Mid-level: ₹5–8 LPA
    • Senior-level: ₹8–12 LPA

11. Logistics and Purchase Coordinator

  • Role: A Logistics and Purchase Coordinator is responsible for coordinating the logistics and transportation of purchased goods. They ensure that goods are delivered on time and handle issues such as delays or discrepancies in deliveries.
  • Salary:
    • Entry-level: ₹3–5 LPA
    • Mid-level: ₹5–8 LPA
    • Senior-level: ₹8–12 LPA

12. Procurement Consultant

  • Role: Procurement Consultants advise companies on how to improve their procurement strategies, reduce costs, and implement best practices. They often work with organizations on a project basis, providing expert guidance on vendor management, supplier selection, and procurement processes.
  • Salary:
    • Entry-level: ₹4–6 LPA
    • Mid-level: ₹6–10 LPA
    • Senior-level: ₹10–20 LPA

13. Category Manager

  • Role: Category Managers are responsible for managing a specific category of products or services. They analyze market trends, supplier performance, and customer demands to develop strategies for sourcing, purchasing, and managing product categories.
  • Salary:
    • Entry-level: ₹5–8 LPA
    • Mid-level: ₹8–12 LPA
    • Senior-level: ₹12–20 LPA

14. Retail Purchasing Manager

  • Role: In the retail sector, Purchasing Managers oversee the procurement of products that will be sold in stores. They negotiate with suppliers, manage inventory levels, and ensure that the store always has enough stock of popular items.
  • Salary:
    • Entry-level: ₹4–6 LPA
    • Mid-level: ₹6–10 LPA
    • Senior-level: ₹10–15 LPA

15. Purchasing Coordinator

  • Role: A Purchasing Coordinator is responsible for coordinating purchasing activities, from ordering materials to receiving and inspecting goods. They ensure the accuracy of orders and monitor inventory levels to avoid overstocking or stockouts.
  • Salary:
    • Entry-level: ₹3–4 LPA
    • Mid-level: ₹4–6 LPA
    • Senior-level: ₹6–8 LPA

Industries Employing Graduates of Purchase Management

  • Manufacturing Industry (e.g., automobile, electronics, textiles)
  • Retail Sector (e.g., supermarkets, online retailers)
  • Construction Industry (e.g., sourcing building materials, machinery)
  • Logistics and Supply Chain Companies
  • Government and Public Sector Organizations (e.g., procurement for government projects)
  • Consultancy Firms (advising on procurement best practices)
  • IT and Technology Firms (procurement of hardware and software)
  • Pharmaceutical Industry (procurement of drugs, medical devices, etc.)
  • Educational Institutions (training programs in procurement management)
  • Energy and Utilities Sector (procurement for large infrastructure projects)

Key Factors Influencing Salaries in India

  1. Experience: As in most industries, experience plays a key role in salary growth. Senior roles in purchase management (e.g., Procurement Manager, Supply Chain Manager) offer significantly higher salaries.
  2. Location: Cities with large industrial hubs, such as Mumbai, Delhi, Bangalore, and Chennai, typically offer higher salaries due to the demand for skilled procurement professionals.
  3. Industry: Purchase management professionals in high-demand sectors such as retail, manufacturing, and construction may earn more due to the scale and complexity of procurement functions.
  4. Skills and Certifications: Specialized certifications in procurement and supply chain management (e.g., CIPS, PMP, Six Sigma) can lead to better salary packages and career advancement.

Graduates of the Diploma in Purchase Management can expect to work in a variety of sectors and take on roles that are integral to the efficiency and success of businesses. This career offers opportunities for growth, especially for those who develop expertise in procurement strategies, vendor management, and supply chain optimization.

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