A Highly Interactive Training Course On

The Complete Course on Purchasing & Inventory Management

Classroom Sessions
10-21 Feb 2025
Dubai
$11,900
21 Apr-02 May 2025
Dubai
$11,900
26 May-06 Jun 2025
London
$11,900
30 Jun-11 Jul 2025
Dubai
$11,900
28 Jul-08 Aug 2025
London
$11,900
25 Aug-05 Sep 2025
Dubai
$11,900
03-14 Nov 2025
Dubai
$11,900
30 Mar-10 Apr 2026
Dubai
$11,900

Course Introduction

The Complete Course on Purchasing & Inventory Management training course is designed to equip leaders with the skills needed to elevate their procurement and inventory teams to world-class performance levels. The course focuses on running organizations more efficiently and effectively while managing the pressure to reduce costs and maintain high customer service levels. It addresses performance gaps and emphasizes the continuous improvements required to meet strategic objectives.

Despite often being underappreciated, procurement and inventory management are crucial for achieving strong business results. By adopting robust procurement and inventory management principles, participants will learn to enhance return on investment, improve quality, lower costs, and reduce working capital.

The COPEX training course will feature:

  • Selection and Application of Management Strategies
  • Managing Suppliers to Obtain Best in Class Results
  • Reduction in Inventory Investment
  • Improved Customer Satisfaction
  • Management of Stock Keeping Units in Terms of Their Priorities

The Structure

This comprehensive training course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day training courses.

Module 1 - The Complete Course on Purchasing Management

Module 2 - The Complete Course on Inventory Management

Training Objectives

By the end of the training course, participants will be able to:

  • Develop Strategic Purchasing Plans & Discuss How to Improve Internal Customer Service
  • Explore Many Ways of Reporting Key Performance Indicators (KPIs)
  • Understand the Most Important Competencies for Purchasing Personnel
  • Understand the Importance of Inventory & the Role it Plays in the Profitability of the Company
  • Apply Best Methods to Optimise the Investment in Inventory

Training Methodology

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course is class-work based and will prompt delegates to reflect on current practices and on their current practices. The Tutor will guide and facilitate learning using a wide range of methods including direct input, discussions, case studies and exercises in groups and pairs.

Who should Attend?

This training course is for Professionals and Staff in organisation that are responsible for improving quality, reducing costs, increasing productivity, raising inventory turns and enhancing customer service through better purchasing and inventory management.

This COPEX training course is suitable to a wide range of professionals, but will greatly benefit:

  • Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
  • Engineering, Facilities, Finance, and Maintenance Personnel
  • Personnel Involved in the Planning and Management of Tender Process
  • Those Involved in Inventory Management as a Supplier, Buyer, Materials Planner, Warehousing, Finance or Even End-Customer
  • Those in General Management Wanting an Understanding of the Procurement and Inventory Processes

Course Outline

Module 1The Complete Course on Purchasing Management
Day One: The 1st Steps to Becoming World Class
  • Stages To World Class Purchasing
  • How Purchasing is Viewed Today
  • Strategic Sourcing
  • Developing Spend Profiles and the ABC Analysis
  • New Job Descriptions For Purchasing of the Future
  • Purchasing Personnel Required Skill Sets
Day Two: Evaluating Your Own Operation
  • What are Best Practices
  • Purchasing Gap Analysis
  • Vision and Mission for Purchasing
  • Developing The Purchasing Department Strategic Plan
  • Developing Key Performance Indicators (KPIs) For Procurement
  • Developing A Company Purchase Price Index
Day Three: Continuous Improvement and How to Get It
  • Cost Reduction Initiatives
  • Methods of Cost Containment
  • Waste in The Supply Chain
  • Breaking Down The Elements Of Supplier Cost
  • Commodity/Service Strategic Planning
  • Resisting Price Increases
Day Four: Supplier Management Approaches
  • Supplier Classification System
  • Supplier Qualification Methods
  • Supplier Performance Metrics
  • Apply Performance Criteria to Purchasing Decisions
  • Process Mapping To Eliminate Low Value Activities
  • Applying eProcurement Business Process
Day Five: Improving the Image of Procurement
  • Global Sourcing
  • International Labor Rates Comparison
  • Developing and Maintaining a Customer Focus
  • Basic Issues In Corruption And Fraud Prevention
  • Increasing The Level of Procurement Professionalism
  • Keeping Current in the Profession
Module 2The Complete Course on Inventory Management
Day Six: Inventory in the Value Chain
  • The Purpose of Inventory in the Value Chain
  • Classification of Inventory
  • Procedure for Eliminating Obsolete Inventory
  • Pareto Law in Identifying Product Classification
  • Location of Inventory
  • Using Economic Order Quantity on Managing Inventory Order Levels
Day Seven: Demand Planning
  • Basic Forecasting Methods
  • Customer Segmentation
  • Hierarchy of Planning
  • Aggregate Planning
  • Maintenance & Inventory Planning Meeting
  • Master Scheduling
Day Eight: Forecasting
  • Principles of Forecasting
  • Effect of Lead Time on the Forecasting Process
  • Quantitative Forecasting
  • Qualitative Forecasting
  • Tracking Forecast Accuracy
  • Determining Safety Stock
Day Nine: Inventory Recording
  • Period Stock Take
  • Cycle Counting
  • Perpetual Recording
  • Utilising Bar-Cades to Manage Inventory and Movements
  • The Use of Radio Frequency Identification (RFID) for Recording Inventory Movement
  • Inventory Accounting
Day Ten: Performance Measurement
  • Stock Turnover Rate
  • Customer Service
  • Cost of Operations
  • Measuring the Effectiveness of Your System
  • How to Use the Measurements  
  • Class Exercise on Selective Inventory Management

Certificates

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

What is COPEX?

COPEX stands for “Competency Enhancement Programs” These courses are designed to develop and enhance the skills and knowledge of professionals across various sectors.

What are the benefits of attending COPEX training courses?

Enhanced Skills: Develop in-demand skills and knowledge in your chosen field.
Career Advancement: Improve your career prospects and increase your earning potential.
Increased Confidence: Gain confidence in your abilities and enhance your professional presence.
Networking Opportunities: Connect with other professionals and industry experts.
Improved Job Performance: Enhance your productivity, efficiency, and job satisfaction.
Personal Growth: Develop valuable personal and professional skills that can benefit you in all areas of life.

What makes COPEX training courses unique?

Experienced Instructors: Courses are delivered by highly qualified and experienced instructors with industry expertise.
Interactive Learning: Engaging and interactive learning methods, including workshops, simulations, case studies, and group discussions.
Practical Application: Focus on practical skills and real-world applications, enabling you to apply your learning immediately.
Flexible Learning Options: A variety of course formats available, including classroom training, online courses, and blended learning.
Certification & Recognition: Upon successful completion, you may receive industry-recognized certifications.

What is the cost of COPEX training courses?

The cost of COPEX training courses varies depending on the course duration, content, and delivery method.

How can I register?

There are several ways to register in our public training courses:
Online – Browse the Training Plan, select the course of choice, click on the button
“Register Now” inside the course outline page.
E-mail – Send the details (name, company name, email address and training course of
choice) of your nomination to [email protected]
Telephone – +971 4 368 6886 or +971 50 106 2750

When will I receive the confirmation for my registration/s?

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

What is included in the training fee?

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

What are the available payment methods?

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

How many hours per day, and what are the timings of your training courses?

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

Where do you usually hold your training courses?

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Do you provide hotel booking assistance to your delegates?

Once officially registered, we can assist by providing the corporate rates provided by the hotel where the training course will be conducted. Early confirmation will enable us to secure the room at reduced rates

In case of failure to attend, what is your cancellation policy?

Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

What will I receive after the training course?

Delegates who will attend and successfully complete the training course will earn a COPEX Certificate of Completion. This certification is designed to validate the successful knowledge transfer, and that the desired learning objectives and outcomes to further advance your professional competency are achieved.

We can customize this
training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.
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