Course Code: GES411
Understand the fundamentals of purchasing for an organization. Learn how to read financial statements and how global sourcing works. Discuss the regulatory agencies associating with purchasing for supply chain. You'll also cover everything you need to know about the acquisition of good and services, quantity and demand, and the planning process involved in placing a large order.
Learn what it takes to successfully manage a team of people. The lesson will cover how to communicate within different company cultures and teach you the best practices for creating strategies, decision making, and accountability. Afterwards, you'll learn about the basics of budgeting, production planning, and how to take inventory and create a sample budget.
Receive an overview of the procurement process, including elements of supplier selection, supplier evaluation, and the bidding process. After that, the lesson will discuss supplier contracting, including general contract principles, contract drafting, and different types of purchasing contracts.
Master the art of persuasive communication. In this section of the course, you'll be taught how to know your audience, organize your argument, and how to effectively place evidence and emotion in your persuasive thought. You'll also cover powerful negotiating strategies that play to different personality types and situations.
Take a deep dive into price and cost analysis. You'll learn about pricing evaluation, how to research and use data to create a price estimate, and how to factor in timing and outsourcing.
Understand what a contract is and how you, vendors, clients, and coworkers will be held legally responsible for one. Discuss the elements of a contract, duties and obligations of a contracted deal, and when to seek legal representation.
Katherine Squires Pang, J.D., LL.M., M.Ed has practiced law with since 1983. She has served as an adjunct faculty member in the Graduate School of Management at the University of Texas, Dallas, and has been an adjunct faculty member of many universities, including New York University and UC Irvine. She received her B.A. in 1980 from Clark University, her J.D. from the University of Dayton Law School in 1982, her LL.M in Taxation from Georgetown University Law School in 1983, and her M.Ed from the University of Texas in 2001.
Rose Roberts has 20 years of experience helping organizations develop purchasing strategies and implement process improvements. Through her leadership and coaching, Rose has helped purchasing departments and executive teams recognize the value of formulating strategies, employing methodologies, and measuring results. She has broad experience working with OEM's in a variety of industries, both foreign and domestic. Supplier selection and qualification, global sourcing strategies, cost reduction techniques, cross-functional development, and utilization of metrics have been key focus areas, allowing organizations she's worked with earn world-class distinction. Rose has earned and maintained C.P.M. designation since 1995 and has a B.B.A from the University of Texas. Her professional affiliations include the Institute for Supply Chain Management, Dresser Purchasing Council, and Female Executive Mentorship Program.
There are no specific prerequisites for this course. However, basic computer skills, including the ability to navigate the Internet and use email, are required. This course is intended for anyone currently working in, or planning to work in, procurement management, supply management, a purchasing department, or any other area involved with procurement or supply.
The instructional materials required for this course are included in enrollment. The following textbooks will be shipped to you approximately 7-10 business days after enrollment:
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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.
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.
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 your Student Advisor to help you work out a suitable completion date. Please note that an extension fee may be charged.
You may be assigned with an instructor or team of industry experts for one-on-one course interaction. Your support will be available (via email) to answer any questions you may have and to provide feedback on your performance. All of our instructors are successful working professionals in the fields in which they teach. You will be assigned to an Advisor for academic support.
Upon successful completion of the course, you will be awarded a Certificate of Completion.
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.
This course is non-credit, so it does not qualify for federal aid, FAFSA and Pell Grant. In some states, vocational rehab or workforce development boards will pay for qualified students to take our courses. Additionally, some students may qualify for financial assistance when they enroll, if they meet certain requirements. Financing is available from select schools. Learn more about financial assistance.
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This program/course is a good choice for those looking for project management experience and those aspiring to obtain a PMI credential. It's also an excellent choice for existing PMI credential holders looking for an approved activity for PMI's continuing certification PDUs. At the end of this course, you'll receive a certificate indicating your completion of PDUs equal to the number of hours of this course through ed2go. Please visit pmi.org to learn more about PMI's credentials and how they may fit into your continuing education plans. PMBOK® Guide, PMI®, PMP®, CAPM®, and the PMI R.E.P. logo are either marks or registered marks of the Project Management Institute, Inc.
I learned more than I thought I would. There were other topics besides supply chain covered. It was a good class."
I found each section within the overall course to be very educational. I am already able to apply several concepts in my newly obtained role as Strategic Sourcing Coordinator in Supply Chain. The facilitator was very timely in grading my assignments. Students support was also very responsive and helpful. Thank you."
It's possible to have great training without sitting in the classroom. Online facilitators are even more efficient than classroom teachers. I had a lot of understanding by listening to their comments."
The reason I enjoyed this online course was because it was very convenient and it also allowed me to work on my own time. Thank you again and keep up the good work."