Course Overview

Micro-Credential Course: Procurement & Vendor Management

Course Title: Procurement & Vendor Management

Start Date: January 10, 2026

Duration: 25 hours (5–6 weeks)

Mode: Hybrid (Live Online + In-person Workshops)

Class Size: Up to 50 participants

Course Equivalent: 2 Credit Hours

Course Fee: BDT 3,000.00

Course Description

Master modern procurement from strategy to execution. This intensive, fully practical course turns you into a confident procurement professional who can save costs, negotiate powerfully, manage suppliers effectively, and use digital tools like SAP Ariba and Zoho. Designed for supply chain executives, procurement officers, entrepreneurs, and anyone handling purchasing in manufacturing, retail, or service industries.

Syllabus

Module 1: Introduction to Procurement (3 Hours)

Topics:

• What is Procurement? Role in Supply Chain
• Direct vs Indirect Procurement
• Strategic vs Operational Procurement
• Five Rights of Procurement (Right Quality, Quantity, Price, Place, Time)
• Procurement vs Purchasing
• Procurement Cost Structure (Landed cost, Total cost of ownership)

Activities:

• Case example: Procurement in manufacturing vs service industry
• Quick quiz

Module 2: Procurement Cycle (4 Hours)

Topics:

• Step-by-Step Procurement Cycle
• identifying needs
• requisition approval
• supplier identification
• RFQ/RFP process
• evaluation & selection
• purchase order
• delivery, inspection & payment
• record keeping
• Types of Procurement Processes: Open Tender, Limited Tender, Framework Contracts
• Documentation Required (PR, PO, GRN, Invoice)

Practical:

• Drafting a Purchase Requisition (PR)
• Creating a sample Request for Quotation (RFQ)

Module 3: Vendor Evaluation & Selection Models (4 Hours)

Topics:

• Criteria for Vendor Selection: Quality, Cost, Capacity, Reliability, Compliance
• Supplier Evaluation Techniques
• Weighted Point Method
• Cost-Based Model
• Total Cost of Ownership (TCO)
• Vendor Rating
• Vendor Risk Assessment (Financial, Operational, Ethical risks)
• Approved Vendor List (AVL) Management

Practical:

• Designing a supplier evaluation scorecard
• Scoring a real or simulated vendor using Weighted Point Method

Module 4: Contract Management Basics (4 Hours)

Topics:

• Types of Procurement Contracts
• Fixed Price
• Cost-Reimbursable
• Time & Materials
• Key Contract Clauses
• Delivery terms
• Payment terms
• Penalty clauses
• Service-level agreements (SLA)
• Legal & Ethical Considerations
• Contract Monitoring & Compliance
• Amendments, Addendums & Renewals

Practical:

• Reviewing a sample procurement contract
• Identifying risks and unclear clauses

Module 5: Negotiation Techniques (4 Hours)

Topics:

• Essentials of Negotiation
• Negotiation Planning (BATNA, objectives, alternatives)
• Price, Delivery & Service Negotiations
• Win-Win vs Win-Lose Approaches
• Power Dynamics in Negotiation
• Cross-cultural Negotiation Basics
• Common Mistakes in Negotiation

Practical:

• Mock negotiation between buyer & supplier
• Role-play: Negotiating price & delivery terms

Module 6: Supplier Relationship Management (SRM) (3 Hours)

Topics:

• Why SRM Matters
• Types of Supplier Relationships
• Transactional
• Collaborative
• Strategic Partnerships
• Supplier Performance Measurement (KPIs, scorecards)
• Managing Difficult Suppliers
• Joint improvement initiatives (Kaizen, cost-reduction projects)

Practical:

• Designing a supplier performance dashboard (KPIs: OTIF, quality, cost, responsiveness)

Module 7: E-Procurement Tools & Digital Procurement (3 Hours)

Topics:

• Role of Technology in Procurement
• ERP & E-Procurement Systems
• SAP Ariba
• Oracle
• Coupa
• Zoho Inventory
• E-Auctions
• E-Tendering Systems
• Digital Workflow & Approvals
• Future Trends (AI in procurement, predictive analytics)

Practical:

• Hands-on demonstration of an e-procurement tool (e.g., Zoho or open-source platform)
• Creating an electronic purchase order

Assessment & Certification Requirements

Assignments:

• Supplier Evaluation Report
• Draft Contract Review

Final Assessment:

• MCQ + Short Case Study (Vendor Selection Scenario

Entry Qualifications

• Supply chain, procurement, logistics, or operations professionals
• Entrepreneurs and business owners handling purchasing
• Fresh graduates aiming for SCM/procurement careers
• Basic Excel knowledge helpful but not mandatory

Career Pathways

• Procurement Officer / Specialist – Manufacturing & retail giants
• Vendor Manager – E-commerce & service companies
• Strategic Buyer – FMCG, pharma, garments, telecom
• Contract & Negotiation Specialist
• E-Procurement & Digital Transformation Lead
• Supply Chain Consultant – High-paying freelance/in-house roles

Assessment & Certification

• Assignments (Supplier Evaluation Report + Contract Review) – 50%
• Mock Negotiation & Practical Exercises – 20%
• Final MCQ + Case Study (Vendor Selection Scenario) – 30%
• Certification: Official Micro-Credential Certificate from DIU + Professional Procurement Toolkit