Course Code: pcf
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.
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.
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.
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.
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.
Green buying is an extremely important organizational concept. Firms that use it successfully can 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).
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).
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).
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.
For many organizations, capital expenditures represent the largest disbursement of funds. 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 those 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.
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.
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.
Tony Swaim has helped many clients, colleagues, and students reach their professional and personal goals. He has been an online instructor since 1998 and has taught at colleges and universities across the United States since 1981. His focus areas are project management, Six Sigma, and supply chain management. Tony manages a successful consulting firm, and his industry experience includes 20 years of supply chain management. He earned a Doctorate in Business Administration from Kennesaw State University and holds professional certifications in six disciplines, including the Project Management Professional (PMP)® certification from the Project Management Institute (PMI)® and Certified Six Sigma Black Belt (CSSBB)® from the American Society for Quality (ASQ)®.
There are no prerequisites to take this course.
The instructional materials required for this course are included in enrollment and will be available online.
Instructor-Led: A new session of each course begins each month. Please refer to the session start dates for scheduling.
Self-Paced: You can start this course at any time your schedule permits.
Instructor-Led: Once a session starts, two lessons will be released each week, for the 6 week duration of your course. You will have access to all previously released lessons until the course ends.
Self-Paced: You have three-month access to the course. After enrolling, you can learn and complete the course at your own pace, within the allotted access period.
Instructor-Led: 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.
Self-Paced: There is no time limit to complete each lesson, other than completing all lessons before your three-month access expires.
Instructor-Led: 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.
Self-Paced: Because this course is self-paced, no extensions will be granted after the start of your enrollment.
This is my first online class and I enjoyed it very much. I found it to be very informative and a great learning experience. The quizzes were great and I found them to be very helpful."
Great course material. I found it to be very current and applicable to my job. This class encouraged me to continue with my on-going education."
Hey, thanks a bunch for getting me started on the right foot. I had a lot of fun with the class and look forward to the next one. I am also currently taking Project Management Fundamentals and find that course to be educational and exciting as well. I am working towards my state purchasing certification and your classes are extremely helpful."
This was my FIRST online class - I can't wait for the second."
I really enjoyed this course. It not only reinforced and reminded me of the things I already know, but brought new things into perspective."
Thank You Tony. I really enjoyed taking this course. It was very helpful."
The education was insightful and useful to me. I could tell the instructor knew his topic. I look forward to the next class."
This is the first time I have participated in an online class. I enjoyed it very much. I am in purchasing now and I hope to advance in the future. You have given me a lot of knowledge. I hope to do as well in the next class."
This course was very helpful in my new role as a purchasing specialist. I would recommend this course to others."