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Fundamentals of Purchasing

A fundamental course for buyers about the must-have purchasing basics.

Walk through every step of the purchasing, negotiating, vendor and materials management process. Explore innovative ways to manage your suppliers so they deliver quality products and services on time and within budget. Learn how e-procurement can help save you money and take advantage of sales opportunities.
 

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Learning Objectives Fee
Course Benefits Who Should Attend

This course is only offered through Courses On Request.


Course Details

Learning Objectives

  • Describe the buying process
  • Manage the supplier base and relationships including financial analysis of suppliers
  • Manage effective procurement decisions: price, cost, value
  • Negotiate with suppliers including terms of sale
  • Describe specialized purchasing instruments and contract methods
  • Review domestic and international regulations that govern buying and selling

Course Benefits

  • Become a more efficient buyer
  • Get better products and services from your suppliers for the best price
  • Avoid common legal pitfalls of purchasing
  • Improve your ability to select and qualify suppliers
  • Make informed decisions about purchases
  • Reduce costs and costly inventory overstocks

Course Features

  • Worksheets and exercises to enhance participation and learning
  • Structured case study(ies) to apply learning in groups
  • Hands-on activities engage participants in demonstrating skills
  • Sample business reports and documents for applied learning

 

Fee

Who Should Attend

New buyers and experienced buyers who want to review and update basic techniques, as well as buyers in service, projects, manufacturing, distribution, maintenance and health care. Finance and accounting and sales personnel will also find great insight and value. 

Course Type

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  • "  This course worked well for me as a new buyer.  "

  • "  I enjoyed all aspects of the course, I found it very informative and practical.  "

  • "  Mr. Fisher was a very knowledgeable instructor and the small number of participants allowed a more in-depth approach when necessary as well as practically one on one opportunities.  "

  • "  Dennis was a very fun teacher.  "