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An Introduction to Purchasing and Procurement


Churchill Square Training and Development

Summary

Price
£49 inc VAT
Study method
Online, self-paced
Duration
7 hours
Access to content
1 year
Qualification
No formal qualification
CPD
8 CPD hours / points
Additional info
  • Tutor is available to students
  • Certificate of completion available and is included in the price

33 students purchased this course

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Overview

Purchasing and procurement functions are about much more than bringing goods and services into an organization. They are the foundation of strong, collaborative relationships with suppliers. Since many companies source products from around the globe more frequently than ever, a procurement manager needs strong capabilities. These skills cannot just be learned on the job: they need to be taught. As well, the value of procurement is now recognized as an integral part of cost control within the organisation. In this course, students will learn the basics of procurement, including what a supply chain looks like, the purchasing cycle, essential tools and strategies for making the best purchasing relationships work, managing bids, and more.

CPD

8 CPD hours / points
Accredited by The CPD Accreditation Group

Course media

Description

What Will Students Learn?

  • Describe what a supply chain is
  • Describe the procurement department’s role within the organisation
  • Understand the principles of the purchasing cycle
  • Apply the steps needed for managing a competitive bid process, from the request for proposals or qualifications through to negotiating the contract
  • Know what it takes to set up a competitive bid for a contract
  • Defend their position on why a particular supplier should be selected based on an evaluation strategy
  • Be responsible for managing supplier performance, including controlling quality and setting and monitoring standards
  • Apply the tools of the procurement trade, from PC-based applications to cloud-based solutions

What Topics are Covered?

  • Supply Chain Management Basics
  • The Purchasing Cycle
  • Purchasing Toolkit
  • Managing Competitive Bids
  • Improving Efficiency and Accuracy
  • Analysing and Reducing Risk in the Supply Chain
  • Managing Internal Relationships
  • Tools of the Trade

FREE Self Study Guide in PDF format to accompany the course and enable you to refer back to the content in the future.

Who is this course for?

This course is ideal for individuals starting out in purchasing and procurement or supply chain, or for those who would like to know a little bit more about it.

Requirements

No previous experience in Purchasing or Procurement is necessary for this course.

Questions and answers


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Derek Hedges asked:

Do you get anything in the way of a certificate for completion of this course ?

Answer:

Yes, there is a course completion certificate, you can have your final mark on this or leave it off the final certificate. Regards Sue Lloyd

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Reviews

4.5
Course rating
90%
Service
100%
Content
80%
Value
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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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