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Purchasing Fundamentals

  • USD 129

  • online
  • Online |
  • Aug, 17th 2022 - Oct, 12th 2022
    • Certificate

    Discover and master the fundamentals of purchasing by understanding your strategic and tactical roles as a purchasing practitioner. Improve your company's bottom-line profitability by learning and implementing key concepts such as negotiation, supplier sourcing and qualification, outsourcing and make-or-buy analysis. Learn the basics of supplier partnerships, capital budgeting and green buying.

    In this online course, you will learn how to define internal customer needs, generate purchase requisitions and purchase orders, expedite, trace and receive supplier deliveries, maintain effective purchasing records and create and manage various purchasing budgets. You'll learn about business law, contracts, leasing, Six Sigma and total quality management (TQM). You will also learn how to recruit, select and evaluate purchasing personnel, and learn the importance of business ethics.

    Curriculum

    • Lesson 1 - Contributions of Purchasing
    • Lesson 2 - Organizational Strategy and Purchasing Response
    • Lesson 3 - Elements of the Purchasing Cycle
    • Lesson 4 - The Purchasing Cycle (Conclusion); Make or Buy Analysis; Leasing
    • Lesson 5 - Supplier Sourcing
    • Lesson 6 - Green Buying; Purchasing Records; Competitive Bidding
    • Lesson 7 - Business Law, Contracts, and Legal Forms of the Organization
    • Lesson 8 - Six Sigma and Total Quality Management; ERP/MRP II
    • Lesson 9 - Introduction to Budgeting
    • Lesson 10 - Capital Budgeting
    • Lesson 11 - Supplier Partnerships; Ethics and Organizational Politics
    • Lesson 12 - Recruiting, Training, and Evaluating Purchasing Personnel

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