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Procurement & Purchasing Management

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Procurement & Purchasing Management

Learn the basics of the supply chain process, purchasing, contracting issues, and management in the Procurement & Purchasing Management course.

$2,295.00 (USD)

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schedule
                                270 Course Hrs
                            

                                Code
                                    GES2105
                            
calendar_today
                                6 Months
                            
grid_onOpen enrollment
speedSelf paced

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Overview
Objective
Outline
Requirements
Prerequisites
Instructor
FAQs

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855.520.6806

Overview

Objective

What you will learn

How to prepare and manage a budget in an organization
How to manage the supplier selecting process
How to manage the contracting process
How to evaluate price and costs
Effective negotiation and communication techniques

How you will benefit

Gain practical skills and knowledge you need to enter a purchasing organization.
Prove to employers that you have mastered the skills to work in purchasing.
Gain confidence in your ability to speak the languages of purchasers and negotiate deals.

Outline

Purchasing Management
1. Essentials of Purchasing
2. Budgeting Essentials
3. The Procurement Process
4. Supplier Contracting
5. Price and Cost Analysis
6. Management Essentials
7. Negotiation Strategies
8. Persuasive Communication
9. Legal Aspects of Contracts
Essentials of Purchasing
1. Purchasing function in the organization
2. Interdependencies the purchasing function has within the organization
3. The impact the purchasing function has on the financial statements
4. Organization and administration aspects of purchasing
5. Global sourcing in purchasing
6. Regulatory agencies
Budgeting Essentials
1. Concept of budgeting
2. Activity-based budgeting
3. Factors that impact budgeting
4. Production Planning
5. How inventory impacts the budgeting process
Procurement Process
1. Elements of supplier selection process
2. The supplier evaluation process
3. The bidding process
4. The procurement process
Supplier Contracting
1. General Contract Principles
2. Contract drafting
3. Types of contracts used in purchasing
4. Agency law determines who has the authority act on behalf of the organization
Price and Cost Analysis
1. Price evaluation
2. Use of data
3. Strategic cost analysis
4. Timing and Outsourcing
Management Essentials
1. The culture of an organization
2. Organizational change and resistance to change
3. Power and influence leaders use
4. Leadership theories
5. Strategies and Strategic thinking
6. Decision-Making
7. Managing quality with "best practices"
8. Human Resource procedures and policies
9. Financial accountability
Negotiation Strategies
1. Steps in Negotiating
2. Tools used in the negotiation process
3. Types of negotiations
4. Personality types in negotiations
5. Preparing for negotiations
6. Determining your BATNA in negotiations
Persuasive Communication
1. Fundamentals of communication
2. The importance of knowing the audience in persuasive communication
3. The power of listening
4. Credibility of the speaker is key in persuasion
5. Evidence in persuasion
6. Emotion in persuasion
7. Organizing the argument
8. Defining of strategic management in operations
9. Mindset of strategic thinking
10. Strategic planning models
11. Questions to ask when creating strategic alternatives
12. Criteria for implementation
Legal Aspects of Contracts
1. Introduction
2. What is a Contract?
3. Elements of a Contract
4. Duties and Obligations
5. What is the Deal?
6. Legal Representation
7. Good Faith and Conclusion
Procurement Technology
1. E-Procurement Systems
2. Technology Infrastructure
3. Supplier Relationship Management
4. Artificial Intelligence
5. Blockchain

Requirements

Prerequisites

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Our highly knowledgeable Enrollment Specialists will answer any questions you might have about the course and payment options.

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Instructor

FAQs

Does this course prepare you for a certification?

No.

When can I start the course?

This course is open enrollment, so you can register and start the course as soon as you are ready. Access to your course can take 24-48 business hours.

How long does it take to complete this course?

This course is self-paced and open enrollment, so you can start when you want and finish at your own pace. When you register, you'll receive six (6) months to complete the course.

What if I don't have enough time to complete my course within the time frame provided?

The time allotted for course completion has been calculated based on the number of course hours. However, if you are unable to complete the course, contact the student advising team to see what options you may have available to work out a suitable completion date. Please note that an extension fee may be charged.

What kind of support will I receive?

Our courses are designed to accommodate various learning preferences. Depending on the course structure, you may get different forms of support. Self-paced courses are designed to be user-friendly and independent, minimizing the need for external support. In courses with instructors, our direct platform support feature includes opportunities for questions, discussions, and remediation, with email and phone support available for select courses. Our student advising team is available to guide you on program requirements and administrative requests, but they do not provide assistance with course content. Our goal is to provide you with the necessary support for success, whether it's through self-paced exploration, direct communication, or guidance from our advising team.

What happens when I complete the course?

Upon successful completion of the course, you will be awarded a Certificate of Completion.

Am I guaranteed a job?

This course will provide you with the skills you need to obtain an entry-level position in most cases. Potential students should always do research on the job market in their area before registering.

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Procurement & Purchasing Management

Learn the basics of the supply chain process, purchasing, contracting issues, and management in the Procurement & Purchasing Management course.

Overview

Objective

Outline

Requirements

Prerequisites

You've got questions.We're here to help.

Instructor

FAQs

You've got questions.We're here to help.

You've got questions.
We're here to help.

You've got questions.
We're here to help.