Procurement & Supply Planning tools and techniques

Learn how to Make purchasing strategies ,MRP, forecast, inventory policies and techniques to minimize supply costs.

This course includes:
13 hours on-demand video | 18 downloadable resources | Full lifetime access | Access on mobile and TV | Certificate of completion

What you’ll learn

• Tools and techniques for your procurement journey!
• Know the different kind of organizational purchases and the right inventory planning tools for them.
• Master the forecasting of demand for supply planning
• Excel in negotiation strategies as a procurement professional
• How to segment your suppliers and negotiate with them accordingly.
• Know the delivery terms used in Contracts and purchase orders
• Know the different payment terms used in Contracts.

• Use Make or Buy tools to make Purchasing decisions.
• Understand the terms and conditions in Contracts.
• Know the steps of the Tender Process.
• How to evaluate suppliers and your assets turnover.
• Use MPS and MRP to plan for the quantity and time of issuing orders for material and components.
• The inventory techniques the procurement professional should know.

Course Preview

♦ Motivation to learn more on procurement and supply chain.


Welcome to Procurement & supply planning tools and techniques. In this course, we will learn :

1-How to do forecasting for purchasing and procurement purposes?

2- What are the strategies we use for negotiation with suppliers.

3- How to do make or buy decisions?

4- How to count for safety stock when buying finished products, materials, and components?

5- How to segment suppliers to maximize cost?

6- The difference between bidding strategies and when to choose each one of them.

7- The types of Contracts and when to choose one of them.

8- How to mitigate risk when sourcing

The course combines analytics and theory. during which, you will have a supply planning journey where you will be responsible for forecasting, planning for production, and Material requirement planning. 

Who this course is for

• Supply chain professionals • Procurement professionals • Forecasting and inventory practitioners • Logistics professionals

Student reviews

Learn how to Make purchasing strategies ,MRP, forecast, inventory policies and techniques to minimize supply costs.