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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study, Virtual Classroom | Video and Text Based |
Course Overview
The Materials Management, Procurement, and Contract Management programme has been developed by industry professionals to provide the users with a comprehensive guide on the domain of contract management. The session for the Materials Management, Procurement, and Contract Management training will be held for a period of 2 days only. The Materials Management, Procurement, and Contract Management certification benefits the students by allowing them an opportunity to learn on the digital platform.
The students in the online course of Materials Management, Procurement, and Contract Management by Indian Institute of Management Tiruchirapalli will be covering the chapters of Procurement to pay cycle; Input from assessing & design phase; Preparation of expression of interest; Submission of bids and evaluation of bids; Request for quotation/ request for proposal; Preparation of notice for the release of RFP/EOI; Learning procurement cycle.
Upon completing the Materials Management, Procurement, and Contract Management certification syllabus the students will have their skills enhanced in the field of contract management. The Materials Management, Procurement, and Contract Management certification will help the students in procuring better job opportunities.
The Highlights
- Online Course
- 2 days programme
- Government recognized certificate
- Certification available
- Programme mode: Direct to Device mode
Programme Offerings
- online learning
- Article discussion
- Lecture
- Case Studies
- Practical Learning
- Expert sessions
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | IIM Trichy |
The Materials Management, Procurement, and Contract Management fee details have been provided below
The applicants need to deposit an amount of Rs. 20,000/- as the course fee.
Particulars | Amount |
Course total fee | Rs. 20,000/- + GST |
Eligibility Criteria
Certification Qualification Details
The Materials Management, Procurement, and Contract Management certification will be received by the students only after they successfully complete the course.
What you will learn
The students after completion of the Materials Management, Procurement, and Contract Management online course will learn about the following
- The students will be learning about the various negotiation techniques.
- Candidates will also study the legal framework that is involved in contract management.
- The various management tools that are involved in this sector will be covered as well.
- Students will further learn about the procurement cycle.
- The candidates will be studying the importance of inventory management.
Who it is for
The Materials Management, Procurement, and Contract Management online course will be helpful for the following candidates:
- The students who want to make a career in the field of management can apply for the course.
- Junior level executives
- Middle-level executives
Admission Details
Candidates are requested to follow the process as mentioned below:
Step 1: Applicants have to visit the official website of IIM Trichy. The detailed information can be taken from the programme URL: https://www.iimtrichy.ac.in/sites/default/files/mdp_calendar/pdf/20210602160218MaterialsManagementProcurementandContractManagement.pdf
Step 2: Participants have to download the nomination form from the website itself.
Step 3: They have to fill and enter all the mandatory fields given in the form.
Step 4: Once it is filled, these nomination forms should reach the Executive Education & Consulting Office (EEC) at least 2 weeks prior to the commencement of the programme. The forms can be couriered in hard copy format or scanned format or sent online; either way possible.
Application Details
Students who want to apply for the Materials Management, Procurement, and Contract Management certification course need to provide the listed details such as name, email address, name, contact number, etc in the nomination form.
Students who want to apply for the Materials Management, Procurement, and Contract Management certification course need to provide the listed details
- Password
- Mobile number
- Name
Note: Applicants upon filling the form have to send the hard copy/scanned copy/ online copy of the application form at least two weeks before the course start date.
The Syllabus
- Inventory management tools
- Importance of managing inventory
- Linking inventory management with other functions like planning, forecasting, etc.
- Criteria for vendor selection
- Vendor managed inventory system
- Factor method of vendor evaluation
- Do’s and don’ts of RFP
- Procurement to pay cycle
- Learning procurement cycle
- Input from assess & design phase
- Submission of bids and evaluation of bids
- Request for quotation/ request for proposal
- Preparation of expression of interest
- Preparation of notice for the release of RFP/EoI
- Pre-Bid meeting and release of corrigendum to RFP/EOI (if any)
- “Privilege” clause – price
- Specifications/changes to the scope of work
- “Limitation of liability” clauses
- “Discretion” clause – compliance
- “Exclusion of liability” clauses
- Negotiation strategies
- Contract playbooks
- Must-haves versus good to haves
- Negotiation techniques
- Managing risk
- Defining requirements
- Knowing the legal framework
- Establishing clear roles and responsibilities
- Managing relationships
- Identification of risk
- Risk Mitigation strategies
- Spend analysis
- Kraljic matrix
- Category management
IIM Trichy Frequently Asked Questions (FAQ's)
The Materials Management, Procurement, and Contract Management training will be held for a period of two days only.
No, the students who apply will not be provided with scholarships.
The students can easily pay the Materials Management, Procurement, and Contract Management fee through the means of online payment.
The classes will be held on the digital platform.
The students can access the Materials Management, Procurement, and Contract Management certification syllabus from the official page of IIM Trichy.