Foundations of Purchasing: Principles and Practices
This course is aimed at empowering participants with the necessary skills to manage purchasing activities effectively, forge strong supplier relationships, and contribute significantly to their organization's competitiveness and profitability.
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Overview
1KSTUDENTS*
92.6%RECOMMEND*
This course includes:
- 60 minutes of on-demand video
- Certificate of completion
- Direct access/chat with the instructor
- 100% self-paced online
Effective supply chain is crucial for businesses to ensure consistent supply of raw materials and continuation of its value creation.
Dive deeper into the core of purchasing with this detailed course, designed to provide you with a foundational understanding of the key concepts, strategies, and practices. This course is aimed at empowering participants with the necessary skills to manage purchasing activities effectively, forge strong supplier relationships, and contribute significantly to their organization's competitiveness and profitability.
Through this course, learners will grasp the critical role of purchasing in organizational success and supply chain optimization, learn the principles of effective purchasing, supplier selection, and gain proficiency in negotiating, managing contracts, and ethical procurement practices.
Skills You Will Gain
Contract Negotiation
Ethical Procurement
Purchasing Strategies
Supplier Relationships
Supply Chain Management
Learning Outcomes (At The End Of This Program, You Will Be Able To...)
- Describe the purchasing process and its strategic importance to organizations.
- Identify techniques for effective supplier evaluation, selection, and management.
- Apply basic negotiation strategies and contract management principles in purchasing.
- Apply knowledge of purchasing and supply chain management to real-world scenarios
Prerequisites
Participants should have a basic understanding of business operations and supply chain fundamentals. Familiarity with procurement concepts and an interest in enhancing purchasing skills are recommended for optimal engagement with the course content.
Who Should Attend
New Purchasing Professionals, Business Owners, Managers, and anyone interested in understanding the basics of purchasing
