$230 (USD)

Add To Cart
pcf

A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits!

How does it work? Once a session starts, two lessons will be released each week, for the six-week duration of your course. You will have access to all previously released lessons until the course ends.

Keep in mind that the interactive discussion area for each lesson automatically closes 2 weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.

The Final Exam will be released on the same day as the last lesson. Once the Final Exam has been released, you will have 2 weeks plus 10 days to complete the Final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.

Week One

Lesson 01 - Contributions of Purchasing
Wednesday

In this first lesson, you'll learn about the various types of professional purchasing certification, including those offered by the Institute for Supply Management (ISM) and the National Institute of Government Purchasing (NIGP). You'll explore the breadth of the purchasing body of knowledge and identify several areas where purchasing provides value to organizations. You'll also discover the significance of buying on a total cost basis and learn how savings you generate for purchased materials and services improve your company's bottom-line profitability.

Lesson 02 - Organizational Strategy and Purchasing Response
Friday

In this lesson, you'll learn how to set a vision and mission statement, and how to develop objectives and strategies. The lesson will also discuss the mechanics of creating purchase requisitions and purchase orders and how to use them effectively. You'll finish up by exploring different conditions that benefit from negotiation and the steps and techniques that contribute to a successful outcome.

Week Two

Lesson 03 - Elements of the Purchasing Cycle
Wednesday

All organizations use a purchasing cycle to manage buying activities. To help you effectively manage purchasing activities, this lesson presents a seven step-cycle that begins with need recognition and ends with receipt of delivery. You'll explore the first five steps in depth and see how specifications, branding, and samples are three common methods for defining user needs. You'll also learn about four different forms of competition (monopoly, oligopoly, full competition, and perfect competition) and see how competition affects prices.

Lesson 04 - The Purchasing Cycle (Conclusion); Make or Buy Analysis; Leasing
Friday

In this lesson, you'll conclude your exploration of the purchasing cycle by learning about steps six and seven (perform follow-up and receive the delivery). Then, you'll examine expediting, follow-up, and tracing as methods to enhance on-time deliveries. You'll also learn how purchasing supports the receiving function and discover the underlying concepts of make or buy and leasing.

Week Three

Lesson 05 - Supplier Sourcing
Wednesday

As a purchasing professional, you depend on your suppliers. After all, without capable suppliers, it would be very difficult (if not impossible) to meet your organization's needs. For that reason, this lesson will discuss the importance of proper source selection and how to prepare a prospective supplier list. You'll find out how to evaluate each supplier-sourcing element and determine when to conduct a supplier visit.

Lesson 06 - Green Buying; Purchasing Records; Competitive Bidding
Friday

Green buying is an extremely important organizational concept. Firms that use it successfully achieve internal objectives and also satisfy societal goals. This lesson will discuss the purpose of green buying and review its 3Rs (reduce, reuse, and recycle). To help you locate historical information when you need it, you'll investigate the various types of purchasing records and learn about electronic record keeping and reporting. You'll also learn all about competitive bidding and understand how to use a request for quotation (RFQ) or a request for proposal (RFP).

Week Four

Lesson 07 - Business Law, Contracts, and Legal Forms of the Organization
Wednesday

This lesson will discuss important legal matters that purchasing professionals encounter daily. You'll begin by looking at business law and then move on to contracts. You'll learn about the principal-agency relationship and the four major forms of organization (sole proprietorships, general partnerships, limited partnerships, and corporations).

Lesson 08 - Six Sigma and Total Quality Management; ERP/MRP II
Friday

Suppliers rely on manufacturing and quality systems. Purchasing professionals need to know about these systems because their use (successful or unsuccessful) highly influences suppliers' abilities to fill your purchase orders on-time, with quality, and at a desirable price. In this lesson, you'll look at Six Sigma and Total Quality Management (TQM), and identify how these philosophies and methodologies benefit organizations. You'll learn about the elements of a supply chain, Manufacturing Resource Planning (MRP II), and Enterprise Resource Planning (ERP).

Week Five

Lesson 09 - Introduction to Budgeting
Wednesday

Purchasing, as a major organizational function, is involved with a number of different types of budgets. These budgets include the purchasing department administration budget (also known as an expense budget), the production materials budget, and the maintenance, repair, and operating (MRO) budget. To use budgets wisely, you need to know how they work, what they are supposed to accomplish, and how they are constructed. In this lesson, you'll discover the primary purposes, advantages, and disadvantages of budgets. The lesson will cover how to select a budget period, review variable budgets, and understand budget variances.

Lesson 10 - Capital Budgeting
Friday

For many organizations, capital expenditures represent the largest disbursement of funds. And purchasing practitioners play a number of roles in capital budgeting including assisting with requests for capital expenditures, serving on capital budget evaluation committees, and leading teams to acquire capital assets. This lesson will help you effectively participate in these activities. You'll learn the definition of capital budgeting, understand the initiation process for capital request proposals, and examine different justification methods for project proposals.

Week Six

Lesson 11 - Supplier Partnerships; Ethics and Organizational Politics
Wednesday

A supplier partnership is a fairly recent type of arrangement. It characterizes a progressive way for sellers and buyers to work together. Supplier partnerships require an extensive amount of preparation and commitment, but the payoff is substantial for firms that succeed. This lesson will discuss the prerequisites and elements of a supplier partnership. You'll also explore ethics and organizational politics and study their effects on purchasing practitioners.

Lesson 12 - Recruiting, Training, and Evaluating Purchasing Personnel
Friday

In the final lesson, you'll discover how to recruit, select, and evaluate purchasing personnel. Then, you'll learn how to implement a performance planning process, including administering performance reviews. Finally, you'll find out why so many people dislike giving performance reviews and get tips on how to make your reviews more meaningful.

 
  • Learn a new skill or enhance existing skills for professional development or personal enrichment.
  • New sessions starting monthly with lessons and assignments released weekly.
  • 2-4 hours a week in a convenient six-week format.
  • Interactive learning environment. Classroom built around discussion areas where you can engage with classmates and instructors.
  • Expert instructors develop, lead, and interact with students in each course.
  • Award of completion from your learning institution with passing score.
  • Gain the knowledge needed to move forward with your education.
  • Start anytime. Access Granted upon registration.
  • Courses are designed to be completed within 6-12 weeks.
  • Interactive multi-media instruction with integrated assessment, allowing you to work at your own pace.
  • Professional instructors support you throughout your learning experience.
  • Confirmation of successful course completion.
  • Build industry skills or earn continuing education credits in a variety of fields.
  • Start Anytime. Access to all course material and assessments from day one.
  • Many tutorials can be completed in just a few hours.
  • Quick independent study. Learn something new or expand your knowledge while working at your own pace.
  • Material developed by industry leaders and student support offered.
  • Certificate of completion awarded with passing score.

Forgot Password?