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 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. Then, you'll learn how to set a vision and mission statement, and how to develop objectives and strategies as well as the steps and techniques that contribute to a successful negotiation outcome.
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 also learn about four different forms of competition (monopoly, oligopoly, full competition, and perfect competition) and see how competition affects prices. Then, we'll conclude our exploration of the purchasing cycle by discussing steps six and seven (perform follow-up and receive the delivery).
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. Then, we'll discuss the purpose of green buying and review its 3Rs (reduce, reuse, and recycle). You'll also learn all about competitive bidding and understand how to use a request for quotation (RFQ) or a request for proposal (RFP).
Learn about important legal matters that purchasing professionals encounter daily. Then, we'll look at Six Sigma and Total Quality Management (TQM), and identify how these philosophies and methodologies benefit organizations. You'll also learn about the elements of a supply chain, Manufacturing Resource Planning (MRP II), and Enterprise Resource Planning (ERP).
In this lesson, you'll discover the primary purposes, advantages, and disadvantages of budgets. We'll cover how to select a budget period, review variable budgets, and understand budget variances. Then, learn to effectively participate in assisting with requests for capital expenditures, serving on capital budget evaluation committees, and leading teams to acquire capital assets.
Discuss the prerequisites and elements of a supplier partnership. We'll also explore ethics and organizational politics and study their effects on purchasing practitioners. And finally, you'll discover how to recruit, select, and evaluate purchasing personnel.
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.
Instructional material requirements:
A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits!
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.
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."