The InvexERP Certified Associate – Implementation Consultant-Sourcing and Procurement course aims to equip you with the skills and knowledge necessary to lead or contribute effectively to the successful implementation of ERP systems in the sourcing and procurement domain, driving operational efficiency, cost savings, and strategic supplier relationships within organizations. You’ll likely cover a range of topics to equip you with the necessary knowledge and skills to effectively implement ERP systems tailored for sourcing and procurement functions within an organization. Here’s a general outline of what this course might cover:

Learning objectives
In this course, you will learn:

• Explore various strategies for sourcing goods and services.
• Financial accounting processes such as general ledger management, accounts payable, accounts receivable, etc.
• Gain insight into the procurement lifecycle, from requisition to payment, and the key processes.
• Dive into specific ERP modules relevant to sourcing and procurement functions.
• Learn about data management and integration best practices.
• Configuring and customizing ERP systems to align with the specific sourcing and procurement requirements.
• Supplier and contract management.

UNIT 1
    Introduction to ERP Systems

• Lesson 1: Overview of ERP systems and their significance in sourcing and procurement
• Lesson 2:Evolution of ERP systems and current market trends
• Lesson 3: Benefits and challenges of implementing ERP in sourcing and procurement contexts

UNIT 2
    Sourcing Strategies and Supplier Management

• Lesson 1: Strategic sourcing principles and methodologies
• Lesson 2: Supplier segmentation and relationship management
• Lesson 3: Supplier performance evaluation and improvement strategies
• Lesson 4: Supplier collaboration and integration within ERP systems

UNIT 3
    Procurement Processes and ERP Modules

• Lesson 1: Overview of procurement lifecycle stages.
• Lesson 2: Role of ERP modules in procurement
• Lesson 3: Purchase requisition, purchase order processing, goods receipt, and invoice verification
• Lesson 4: Integration of procurement processes with other ERP modules (e.g., Finance, Inventory Management)

UNIT 4
    Data Management and Integration

• Lesson 1: Data management best practices for sourcing and procurement.
• Lesson 2: Data migration strategies and tools
• Lesson 3: Integration of ERP systems with external systems and data sources
• Lesson 4: Master data management for suppliers, materials, and purchasing documents

UNIT 5
    Configuration and Customization

• Lesson 1: Configuration options and settings in ERP systems for sourcing and procurement.
• Lesson 2: Customization of workflows, approval processes, and document layouts
• Lesson 3: Adapting ERP systems to meet specific organizational requirements

UNIT 6
    Contract Management

• Lesson 1: Contract lifecycle management (CLM) processes.
• Lesson 2: Contract creation, negotiation, approval, and execution
• Lesson 3: Contract compliance monitoring and risk management
• Lesson 4: Integration with third-party systems

UNIT 7
    Inventory Management and Logistics

• Lesson 1: Inventory management principles and strategies
• Inventory valuation methods and stock replenishment techniques.
• Lesson 3: Logistics integration for seamless material flow
• Lesson 4: Warehouse management functionalities within ERP systems

UNIT 8
    Compliance and Risk Management

• Lesson 1: Regulatory compliance requirements in sourcing and procurement
• Lesson 2: Risk assessment and mitigation strategies
• Lesson 3: Role of ERP systems in ensuring ethical sourcing practices
• Lesson 4: Audit trails and compliance reporting features in ERP systems

UNIT 9
    User Training and Change Management

• Lesson 1: User training methodologies for ERP systems.
• Lesson 2: Change management strategies to facilitate ERP adoption.
• Lesson 3: Communication and stakeholder engagement throughout the implementation process.
• Lesson 4: Addressing resistance and driving user acceptance of new processes

UNIT 10
    Project Management for ERP Implementations

• Lesson 1: Project planning, scoping, and resource allocation.
• Lesson 2: Execution and monitoring of ERP implementation projects.
• Lesson 3: Risk management and issue resolution
• Lesson 4: Post-implementation evaluation and continuous improvement

UNIT 11
    Final Project or Capstone

• Lesson 1: Application of knowledge and skills acquired throughout the course.
• Lesson 2: Planning and executing a mock ERP implementation project.
• Lesson 3: Presentation of findings and recommendations.

UNIT 12
    Certification Exam Preparation

• Lesson 1: Review of key concepts covered in the course.
• Lesson 2: Practice exams and quizzes.
• Lesson 3: Exam-taking strategies and tips.
• Conclusion
• Exam

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