Fundamentals of Purchasing for New Buyers
Classroom based course with study materials, lecturer support and CPD Hours included
London Training For Excellence
Summary
- Tutor is available to students
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Overview
Description
- Introduction.
- How Purchasing Management Adds Value to the Firm:
The purchasing cycle.
Key criteria used to measure a buyer’s performance.
Cost reduction.
Purchasing management policies, procedures, controls and standards.
- Supplier Relations:
Requisition and purchasing policies.
Solicitation process: why various types of solicitation are used.
How to qualify and pre-select suppliers.
Assessing the risk in doing business with a supplier.
Assessing competitive market pricing.
- Specialized Purchasing Management Tools:
Purchasing/procurement card.
Service contracts.
- Exercises and case studies.
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