Purchasing Guidebook
Improve profitability by managing the purchasing function strategically and systematically. This course explains how to select and manage suppliers, conduct competitive bidding, negotiate effectively, and structure contracts that protect margins. You will also use purchasing to control costs in inventory management, logistics, and quality, while applying financial tools to support better sourcing decisions. The result is a comprehensive framework for elevating purchasing performance.
Format
PDF Course
Course Lists
Duration
14 Hours
Course Information
Author: Steven Bragg
Course Number: PR1003
Table of Contents
Chapter 1. Overview of Purchasing
Chapter 2. Purchasing Processes
Chapter 3. Procurement Cards
Chapter 4. Supplier Selection
Chapter 5. Supplier Management
Chapter 6. Competitive Bidding
Chapter 7. Supplier Negotiations
Chapter 8. Contract Management
Chapter 9. Inventory Management Issues
Chapter 10. Logistics
Chapter 11. Spend Management
Chapter 12. Quality Management
Chapter 13. Cost Management
Chapter 14. Purchasing Financial Analysis
Chapter 15. Supply Chain Financing
Chapter 16. Purchasing Measurements
Chapter 17. Applicable Information Technology
Learning Objectives
- Recognize the reporting relationships for a purchasing department, how the role of the department changes in a multi-division environment, the responsibilities of each position, and the purchasing manager’s responsibilities related to ethics.
- Describe the process flows related to requisitions, purchase orders, and competitive bidding.
- Identify the methods available for rolling out a procurement card system.
- Specify the considerations and criteria involved in supplier selection.
- Identify the methods used to attend to supplier needs, and recognize the contents of a supplier scorecard.
- State the circumstances under which competitive bidding should be used, the types of supplier qualifications, and when a reverse auction might be a viable option.
- Identify the situations in which negotiations may be needed, the types of positions that may be taken, and the characteristics of a successful negotiator.
- Identify the types of clauses that may be included in a contract with a supplier, and the key differences between a contract and a purchase order.
- Specify the costs associated with inventory, how inventory record accuracy can be improved, and how to mitigate the effects of a supply chain bottleneck.
- Recognize the different types of shipping terms, logistics performance goals, and characteristics of the different types of transport.
- Identify the uses to which a spend management system can be put, how it is used, and the expected outcome of a spend compliance program.
- Define the concept of quality, identify the goals of six sigma, and note how a corrective action process is used.
- Recognize the pricing systems used by suppliers, and how a target costing system works.
- Specify the key points in a leasing agreement to negotiate, the advantages of using leases, the methods for improving the financial results of a business, and how to improve the learning curve experienced by suppliers.
- Identify the circumstances under which a supplier is more likely to accept a supply chain financing offer.
- Specify the measurements to use when attempting to reduce purchase orders and suppliers, and to emphasize the use of certified suppliers.
- Identify the components of a material requirements planning system, and the types of electronic notifications that can be provided to a buyer by a seller.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Production
Prerequisites: None
Advance Preparation: None
Latest Review Date: March 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
