This module covers the procurement planning processes,
practices and strategic management of suppliers. It
includes supplier sourcing, profiling, appraisal, evaluation,
and benchmarking. It also covers the supply process,
contract formulation and negotiation which include
specifications, quality, transportation, delivery, and
incoterms. Local and global supply strategies, outsourcing
and vendor management, supplier relations, costing
techniques in procurement, and legal aspects and practices
are also covered.
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