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Purchasing and Procurement Basics

  • The value of procurement
  • The five rights of purchasing
  • Checklist for supplier evaluation
  • The purchasing cycle
  • Managing competitive bidding with RFPs and RFQs
  • Techniques for successful negotiation
  • Risk management
  • Agile procurement
  • The role of cross-functional teams in purchasing and procurement
  • Tools of the trade, such as EDI, ERP, and e-commerce

Language: English

Instructors: The GROWTHville Institute

$497 94.98% OFF

$24.95

Why this course?

Description

Purchasing and Procurement Basics are a key skill set for any employee to develop.

Purchasing and procurement extends past getting the products and services that the organization needs at the right time and the right cost. This field has evolved to include relationship building, supply chain management integration, and communication with stakeholders to continually improve processes and results.

This course covers all the essentials of purchasing and procurement. Some of the topics covered include:

  • The value of procurement
  • The five rights of purchasing
  • Checklist for supplier evaluation
  • The purchasing cycle
  • Managing competitive bidding with RFPs and RFQs
  • Techniques for successful negotiation
  • Risk management
  • Agile procurement
  • The role of cross-functional teams in purchasing and procurement
  • Tools of the trade, such as EDI, ERP, and e-commerce

 

Course Curriculum

Purchasing and Procurement Basics (10 Modules)