Purchasing and Procurement Basics
$199.00
Level 2 | Duration: 6 Hours
In this course, you will learn the basics of purchasing and procurement. You’ll receive an introduction to the supply chain, the purchasing cycle, and basic purchasing tools. You’ll also learn about the competitive bidding process, how to manage supplier performance, risk management techniques, and ways to build relationships.
Available!
Return to StorePurchasing and procurement functions are about much more than bringing goods and services into an organisation. They are the foundation of strong, collaborative relationships with suppliers. Since many companies source products from around the globe more frequently than ever, a procurement manager needs strong capabilities. These skills cannot just be learnt on the job: they need to be taught. As well, the value of procurement is now recognised as an integral part of cost control within the organisation.
In this course, you’ll learn the basics of procurement, including what a supply chain looks like, the purchasing cycle, essential tools and strategies for making the best purchasing relationships work, managing bids, and more.
Learning Objectives
- Describe what a supply chain is.
- Describe your procurement department’s role within the organisation.
- Understand the principles of the purchasing cycle.
- Apply the steps needed for managing a competitive bid process, from the request for proposals or qualifications through to negotiating the contract.
- Know what it takes to set up a competitive bid for a contract.
- Defend your position on why a particular supplier should be selected based on an evaluation strategy.
- Be responsible for managing supplier performance, including controlling quality and setting and monitoring standards.
- Apply the tools of the procurement trade, from PC-based applications to cloud-based solutions.
| Session Outline | 1. Course Overview |
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