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Purchasing and Procurement Basics

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Purchasing and Procurement Basics

Price: $ 49.95+GST

Not that long ago, purchasing and procurement focused on a rights-based theory: acquiring the right product of the right quality, in the right quantity, from the right source, at the right time, and at the right price.Today, purchasing and procurement has evolved beyond this theory to include many supply chain functions, with a focus on building strong, collaborative relationships within and outside the organization.

In this course, you will learn the basics of purchasing and procurement. Youll receive an introduction to the supply chain, the purchasing cycle, and basic purchasing tools. Youll also learn about the competitive bidding process, how to manage supplier performance, risk management techniques, and ways to build relationships.

Table of Contents

1. Course Overview
2. Supply Chain Management Basics
Defining the Terms
Making Connections
The Value of Procurement
Practice Makes Perfect
Pre-Assignment Review
3. The Purchasing Cycle
Cycle Overview
Identifying a Need
Researching Your Options
Lessons Learned
4. Purchasing Toolkit
Analyzing the Price
Six Categories of Cost
How Much?
Analyzing Costs
Evaluating Suppliers
Evaluation Checklist
Negotiation Basics
Effective Questions
Collaboration Techniques
The Learning Curve
5. Managing Competitive Bids
Purchasing Through RFP’s and Tenders
Making a Choice
Creating a Contract
Ethical Considerations
Ethical Dilemmas
6. Improving Efficiency and Accuracy
Managing Supplier Performance
Controlling Quality
Setting and Monitoring Delivery
7. Analyzing and Reducing Risk in the Supply Chain
Whose Risk Is It Anyway?
Agile Procurement
A Risk Management Focus
8. Managing Internal Relationships
Procurement’s Role in the Organization
Spell It Out
Making Your Mark
Cross-Functional Teams
Think About It
9. Tools of the Trade
Digital Systems
Tools of the Trade
Evaluating Your Department
Drawing Conclusions
10. Personal Action Plan
11. Recommended Reading List
12. Post-Course Assessment