Purchasing Fundamentals (Self-Paced Tutorial)

Purchasing Fundamentals (Self-Paced Tutorial)

Improve your company's bottom line by mastering the fundamentals of purchasing.
3 Months Access / 24 Course Hrs
  • Details
  • Syllabus
  • Requirements

Details

Discover and master the fundamentals of purchasing by understanding your strategic and tactical roles as a purchasing practitioner. Improve your company's bottom-line profitability by learning and implementing key concepts such as negotiation, supplier sourcing and qualification, outsourcing and make-or-buy analysis. Learn the basics of supplier partnerships, capital budgeting and green buying.

In this six-week online course, you will learn how to define internal customer needs, generate purchase requisitions and purchase orders, expedite, trace and receive supplier deliveries, maintain effective purchasing records and create and manage various purchasing budgets. You'll learn about business law, contracts, leasing, Six Sigma and total quality management (TQM). You will also learn how to recruit, select and evaluate purchasing personnel, and learn the importance of business ethics.

Enrollment Options:
Self-Paced
3 Months Access Course Code: T9623
No Instructor, Start Anytime
$115.00 USD

Syllabus

  1. Contributions of Purchasing
  2. Organizational Strategy and Purchasing Response
  3. Elements of the Purchasing Cycle
  4. The Purchasing Cycle (Conclusion); Make or Buy Analysis; Leasing
  5. Supplier Sourcing
  6. Green Buying; Purchasing Records; Competitive Bidding
  7. Business Law, Contracts, and Legal Forms of the Organization
  8. Six Sigma and Total Quality Management; ERP/MRP II
  9. Introduction to Budgeting
  10. Capital Budgeting
  11. Supplier Partnerships; Ethics and Organizational Politics
  12. Recruiting, Training, and Evaluating Purchasing Personnel

Requirements

Hardware Requirements:

  • This course can be taken on either a PC or Mac.

Software Requirements:

  • PC: Windows 8 or newer.
  • Mac: macOS 10.6 or later.
  • Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
  • Adobe Acrobat Reader.
  • Software must be installed and fully operational before the course begins.

Other:

  • Email capabilities and access to a personal email account.

Instructional Material Requirements:

The instructional materials required for this course are included in enrollment and will be available online.