Procurement is one of the most popular courses to study. Many people are opting for it to get into the procurement process. But what really is procurement and why many people getting into procurement? To simply put it, procurement is the purchasing side of any business. This is a separate department which handles all the purchasing in a company.
How it works is that the procurement department is handed a requirement, along with a set budget to make purchases. The people working in the departments have a list of trusted and reputed vendors and supplier whom they can approach. They can even get fresh bids from new vendors. If the company is a public limited company, the procurement department has to issue tenderand welcome bids from interested parties. Once they find a vendor who will meet all their requirements, the deal is done.
In most procurement courses, they will teach you all the steps that are involved in your procuring goods for your company. This is mostly related to public limited companies, as these companies are required to be transparent about their dealings. From placing procurement tenders and selecting vendors, to making post-delivery inspections, you will be taught everything in the course. And once you learn and get the certification, you can then get a job in the procurement department of any public company
So, if you are interested in doing a procurement course, go ahead as procurement is a lucrative career to get into and have a successful career.