Two departments quietly decide whether a company’s capital sits idle or keeps moving: procurement and warehousing. Run them without a real economic method and the effect shows up everywhere — in cost, in cash flow, in how fast the business can react. This Arab British Fellowship Training Academy course puts economic principles at the centre of both functions, for anyone who wants to run them with method rather than guesswork.

As supply chains grow more complex and competitive, the factors behind a purchasing decision — cost-benefit analysis, total cost of ownership, supplier pricing, inventory turnover — stop being background knowledge and become the actual job. This course works through that whole picture: procurement economics, warehouse management principles, cost structures, inventory economics, supplier evaluation, efficiency metrics, risk, and the sustainability considerations that are increasingly part of modern procurement.

Who Should Attend

• Procurement department managers, and supply and logistics department managers.
• Heads of storage warehouses within companies.
• Heads of financial and administrative affairs departments.
• Staff working within tender committees, and everyone working in the procurement sector.

What You Will Be Able to Do

• Sort and inspect products and determine their conformity to required quality.
• Determine the most suitable suppliers based on financial dealings and product quality criteria.
• Master purchasing methods, supplier evaluation, sourcing, and purchase and storage planning.
• Follow the sequence of stocktaking operations through to internal purchase requests.
• Receive products from suppliers, then inspect and classify them correctly.

Module 1: The Economics Behind Purchasing and Storage Decisions

• The economic principles applied to procurement and warehousing, and their place in overall supply chain strategy.
• Cost-benefit analysis and total cost of ownership as decision-making tools.

Module 2: Running the Purchase Cycle End to End

• The concept of purchasing and its dimensions, and purchase planning.
• Sources of supply, purchase procedures and methods, and envelope opening and decision procedures.
• The documentary cycle of purchasing, and executing and following up internal and external purchase requests.

Module 3: Choosing and Managing Suppliers

• The criteria a purchasing committee follows in evaluating suppliers, and the importance of supplier evaluation.
• Factors for selecting suppliers, and how supplier negotiations affect procurement economics.
• Evaluating supplier performance and reporting on it to company management.

Module 4: Warehouse Organisation and Storage Policy

• The nature, importance, and objectives of storage, and organising the warehouse apparatus.
• Centralisation versus decentralisation in storage, and storage methods and procedures.
• Policies for maintaining the right quantity, inventory control, and disposing of stagnant or waste items.

Module 5: Turning Numbers Into Decisions

• Inventory counting and quick statistical operations to determine warehouse contents and needs.
• Following up on delivery timing and delays, and receiving, inspecting, and classifying incoming products.
• Sustainability considerations and future trends in procurement economics.

Course Delivery

• Group training within work teams, or individual training.
• Field and practical training alongside theoretical sessions in the classroom.

Certificate

Participants receive a certificate accredited by the Arab British Fellowship Training Academy upon completion.