Purchasing and Procurement Basics Online Certification Course

Learn The Basics Of Purchasing And Procurement

Purchasing and Procurement Basics Online Certification Course

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Purchasing and Procurement Basics Online Course

The Purchasing Procurement Basics online course gives you a right-based theory for acquiring the right product of the right quality, in the right quantity, from the right source, at the right time, and at the right price. The Purchasing Procurement Basics online certificate course gives you a right-based theory for acquiring the right product of the right quality, in the right quantity, from the right source, at the right time, and at the right price. This course gives you the ability to implement a purchasing strategy that includes supply chain functions and building strong, collaborative relationships within and outside the organization.

Our Purchasing and Procurement Online courses will teach you the basics of purchasing and procurement. You'll receive an introduction to the supply chain, the purchasing cycle, and basic purchasing tools. You'll also learn about the competitive bidding process, how to manage supplier performance, risk management techniques, and ways to build relationships.

Key Learning Objectives

  • Define what a supply chain is
  • Identify your procurement department’s role within the organization
  • Learn the principles of the purchasing cycle
  • Create a process for successfully managing a competitive bid, starting with the request for proposals through negotiating the Contract
  • How to create a competitive bid for a contract
  • How to objectively choose a supplier based on a solid evaluation strategy
  • Enable purchasing and procurement officers the ability to manage supplier performance, maintain quality, and implement monitoring standards
  • Use PC-based applications and cloud-based solutions for purchasing and procurement

Purchasing and Procurement Basics Online Course – Requirements

This course is designed for people with little or no prior experience in the purchasing and procurement sector who would like to start a career as a professional purchasing and procurement officer. The Purchasing and Procurement Basics online course is delivered 100 percent online 24/7 and only takes 3 to 6 hours of study to complete. 

To successfully complete this course, a student must:

  • Have access to the internet and the necessary technical skills to navigate the online learning resources
  • Have access to any mobile device with internet connectivity (laptop, desktop, tablet)
  • Be a self-directed learner
  • Possess sound language and literacy skills

Quick Course Facts

  1. Course content is structured for easy comprehension
  2. Approximately 6 to 8 hours of study is needed to complete the course
  3. Registered students gain unrestricted lifetime access to the Purchasing and Procurement Basics Online Certificate Course
  4. All course material is available online 24/7 and can be accessed using any device
  5. Study online from anywhere in your own time at your own pace
  6. All students who complete the course will be awarded with a certificate of completion

Purchasing and Procurement Basics Online Course Outline

Session 1: Course Overview

Purchasing and procurement are more than establishing a supply chain. The discipline should also involve creating strong, collaborative relationships with suppliers. It is increasingly becoming more important in a global economy that requires sourcing products from other countries. This is no small feat. It requires a professional procurement manager with strong capabilities.

The demands of today’s purchasing and procurement skills cannot be simply learned on the job, these need to be taught. With procurement considered an invaluable component of cost control in an organization, the need for a professional purchasing and procurement officer is critical.  

This course provides you the basics of procurement and an overview of what a supply chain looks like. You will also learn about purchasing cycles, essential tools, and strategies for developing purchasing relationships, managing bids, and more.

In the purchasing and procurement basics online course, we will show the importance of procurement managers in contributing to a company's success. This course will also show how a procurement manager can help solve common problems such as:

  • Not enough products to fulfill customer demand
  • Missed opportunities for bulk orders that could save money
  • Lack of consistency in communication to suppliers
  • Poor information management, which can lead to poor decision making
  • Money wasted on rush orders and expedited shipping

Session 2: Supply Chain Management Basics

Supply chain management is a continuously evolving system. It is a highly-skilled discipline that requires many parts working perfectly. It has evolved from the simple "mom and pops" shops of moving products and services. In this part of the course, you'll learn the basics of supply chain management, purchasing, and procurement. 

Process Areas

These are the five primary processes involved with supply chain management:

  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and Sales
  • Service

Session 3: The Purchasing Cycle

Creating a structure makes it easier to implement processes while avoiding unexpected delays or product shortages. The purchasing cycle helps you create a process while making room for changes. In this session, we discuss the purchasing cycle and how it can help you achieve your business objectives.

Purchasing Cycle:

  • Recognize, define, and describe a need
  • Communicate the need
  • Investigate and select the supplier
  • Receive and inspect material
  • Follow-up, including expediting order
  • Prepare and issue a purchase order, Contract, or agreement
  • Audit the invoice, packing slip
  • Close the order

Session 4: Purchasing Toolkit

The purchasing toolkit gives you a method for calculating costs and pricing and moving into supplier evaluation. It helps you accurately determine needs and which supplier best meets your requirements. In this session, you will learn the basics of the toolkit, negotiation, and conducting an interview.

Six Categories of Costs

The price of a product is mostly determined by the cost and profit. To give you a more accurate determination of what goes into the cost of production, we give you the six cost categories:

  • Variable manufacturing costs
  • Fixed manufacturing costs
  • Semi-variable or Mixed manufacturing costs
  • Total production costs
  • Direct costs
  • Indirect costs (overhead)

Session 5: Managing Competitive Bids

The bidding process enables the procurement manager to select the best supplier available for the job. Competing bids give you the option of selecting from a variety of suppliers and insight into what is currently available in the marketplace. This part of the course gives you a better understanding of the strengths of using requests for proposals and how to make the best decisions based on competing bids.

When to use Competitive Bidding

Setting up a proposal or bidding process takes time and money for both you and the bidder. We help you determine if a bidding process is an excellent idea by giving you these five criteria:

  • Is the Contract (monetary value) significant enough to attract bidders
  • The description of the product or service should be detailed enough to be understood by both parties
  • There must be a significant number of suppliers to make bidding more competitive
  • The bidders must be qualified and are actively searching for opportunities to bid
  • There must be enough time from planning to the actual bidding process

Session 6: Improving Efficiency and Accuracy

Implementing a professional procurement system helps reduce operating costs and helps maximize the organization's resources, and this should also hold true for your supplier. This part of the course teaches you the basic elements of managing supplier performance, controlling quality, and ensuring consistent delivery standards.

In the purchasing and procurement basics online course, you will learn these concepts:

  • Managing supplier performance
  • Aggregate evaluations
  • Categorical evaluations
  • Weighted evaluations
  • Controlling quality
  • Taking corrective action
  • Setting and monitoring delivery standards
  • Shipment tracking
  • Checking the Contract for breaches
  • Expediting orders
  • Creating good working relationships
  • Monitoring supplier performance
  • Developing performance requirements

Session 7: Analyzing and Reducing Risk in the Supply Chain

We analyze potential risks and how to reduce these. We will help you become more confident in making calculated risks and determine what makes a good decision. You will also discover that risks come both sides of the coin, the supplier, and the purchases. This part of the course will also introduce you to the concept of agile procurement.

Risk Management, Categories of Risk

We identify the different risk categories and how to assess each properly. This part of the course lets you efficiently monitor changes, create contingency plans, and create strategies for an overall risk management plan.

  • Legal (anti-trust violations, contracts, etc.)
  • Financial (price volatility factors, supplier financial health, surcharges, and penalties, etc.)
  • Operational (distribution, transportation, quality assurance, etc.)
  • Regulatory (trade agreements, environmental and customs issues, etc.)
  • Business environment (economies, security issues, competition, technology advances, and challenges, etc.)

Session 8: Managing Internal Relationships

The procurement department plays an important role in any organization. A professionally managed procurement department can help the organization save valuable financial resources. This session explains the importance of managing internal relationships with different teams/departments to achieve organization-wide goals.

The Different Roles of a Purchasing Specialist

We identify the role of a purchasing specialist and how this affects the overall organization.

  • Purchaser
  • Buyer
  • Capital equipment buyer
  • Inventory control analyst
  • Tool crib technician
  • Raw materials manager
  • Purchaser
  • Commodity manager
  • Traffic specialists
  • Sourcing expert

Session 9: Tools of the Trade

Technology has made it possible to reduce costs, eliminate repetition, make tasks simpler, and makes the whole procurement process more efficient. In this session, we discuss the development of helpful tools and its importance in improving your department's efficiency and success. To equip you with the much-needed tools of the trade, the purchasing and procurement basics online course provides you with:

Digital systems

Procurement and supply chain management has grown in complexity over time. This has given rise to the need for computer and logistic systems that can handle a large amount of data simultaneously.

Debit, credit, and virtual terminals

Debit and credit card transactions is an everyday reality. These financial transactions have made it easier for organizations to make and track payments. It improves turnaround times by making purchase orders seamless.

Supplier stores

To improve efficiency and delivery times, suppliers often open small stores within your location, especially if you are a consistently large volume purchaser. This also makes it easier for customers to gain access to the supplier's different products and helps facilitate payments.

Supplier delivery systems

This involves setting a delivery system that considers purchase requisitions, delivery dates, specific product delivery, and batch requisitions. These delivery systems are ideal for suppliers who make daily or twice weekly deliveries.

Electronic data interchange (EDI)

Electronic data interchange is advanced systems that facilitate electronic transfers of customer and supplier information. These systems are designed to improve the flow of orders and provide highly advanced point-of-sale (POS) systems.

E-commerce

The internet provides unequaled connectivity between organizations and suppliers with the use of ERP systems. This service is provided through Supplier Relationship Management (SRM) and Customer Relationship Management (CRM) processes.

The always-on marketplace

Technology has made it easier for all parties in the supply chain to collaborate seamlessly. Point-of-sale systems, product life cycle software, bid optimization, and computerized negotiation tools can now be performed 24/7 from anywhere in the world.

E-sourcing

E-sourcing refers to all technology tools and software that is used to procure goods and services. These tools enable faster cycle times, improve efficiency, and increases competitive advantage by reducing redundancies or duplicated efforts.

The role of social networking

Originally developed to connect people socially, social networking has become indispensable in everyday business operations. Social networking makes it possible for procurement managers to connect with other professionals.

Tools of the Trade

We look at the tools you are currently using and identify which are the most effective.

Seeking feedback

Regular reports make it possible for stakeholders, management, and internal departments to monitor the  procurement department. It helps assess the current state of the delivery system and identify possible areas for improvement.

  • Annual report checklist
  • Annual report tips
  • Drawing conclusions

Personal Action Plans

After completing the purchasing and procurement basics online course, it is now to implement these concepts by creating a personal action plan. In this part of the course, we will help you develop your short-term and long-term goals.

  • Starting point
  • Where I want to go
  • How I will get there

Recognition & Accreditation

The courses offered by Courses For Success are unique as they are taught in a step by step process enabling students to complete them quickly and easily, so that you can obtain your qualification sooner. All students who complete the course receive a certificate of completion. Courses For Success is committed to high completion rates and therefore 100% student satisfaction.

Session 1: Course Overview

  •     Learning Objectives
  •     Pre-Assignment: Introduction
  •     Pre-Assignment: Questions

Session 2: Supply Chain Management Basics

  •     Defining the Terms
  •     Process Areas
  •     Summary
  •     Making Connections
  •     The Value of Procurement
  •     The Importance of Procurement
  •     Reducing Time to Market
  •     Practice Makes Perfect
  •     Pre-Assignment Review
  •     The Five Rights of Purchasing

Session 3: The Purchasing Cycle

  •     Cycle Overview
  •     Additional Points to Consider
  •     Identifying a Need
  •     The Purchase Requisition
  •     Material Requirements Planning Schedule
  •     Developing a System
  •     Making Connections
  •     Researching Your Options
  •     Issuing the Purchase Order
  •     Issuing a Change Order
  •     Invoice Auditing
  •     Lessons Learned

Session 4: Purchasing Toolkit

  •     Analyzing the Price
  •     General Economic Issues
  •     About Oligopolies
  •     More About Oligopolies
  •     Variable-Margin Pricing
  •     Six Categories of Cost, Part One
  •     Six Categories of Cost, Part Two
  •     Analyzing Costs
  •     The Scope of Costs
  •     Sources for Cost Data
  •     Additional Costs
  •     Evaluating Suppliers
  •     Evaluation Checklist
  •     Supplier Surveys
  •     Additional Tools, Part One
  •     Additional Tools, Part Two
  •     Additional Tools, Part Three
  •     Additional Tools, Part Four
  •     Negotiation Basics
  •     Key Negotiation Techniques
  •     Effective Questions, Part One
  •     Effective Questions, Part Two
  •     Effective Questions, Part Three
  •     Collaboration Techniques
  •     The Learning Curve

Session 5: Managing Competitive Bids

  •     Purchasing Through RFP’s and Tenders
  •     Bidding vs. Negotiation
  •     Prerequisites
  •     Making a Choice
  •     Elements of the Analysis
  •     Creating a Contract
  •     Key Elements
  •     Ethical Considerations
  •     Conflicts of Interest
  •     The Importance of Ethics
  •     Ethical Standards
  •     Ethical Dilemmas, Part One
  •     Ethical Dilemmas, Part Two
  •     Case Studies

Session 6: Improving Efficiency and Accuracy

  •     Managing Supplier Performance
  •     Aggregate Evaluations
  •     Categorical Evaluations
  •     Weighted Evaluations
  •     Controlling Quality
  •     Taking Corrective Action
  •     Setting and Monitoring Delivery Standards
  •     Shipment Tracking
  •     Is the Contract Breached?
  •     Expediting Orders
  •     Creating Good Working Relationships
  •     Monitoring Supplier Performance
  •     Developing Performance Improvements

Session 7: Analyzing and Reducing Risk in the Supply Chain

  •     Whose Risk Is It Anyway?
  •     Applying the Concepts
  •     The Digital Marketplace
  •     Agile Procurement
  •     Case Study
  •     Using Multiple Suppliers
  •     Building Agility
  •     Case Study
  •     A Risk Management Focus, Part One
  •     A Risk Management Focus, Part Two
  •     Sample Plan
  •     Best Practices

Session 8: Managing Internal Relationships

  •     Procurement’s Role in the Organization
  •     Where Does Supply Management Fit?
  •     Spell It Out
  •     Making Your Mark
  •     The Evolution of Materials Management
  •     The Role of the Purchasing Specialist
  •     Cross-Functional Teams
  •     Challenges with Cross-Functional Teams, Part One
  •     Challenges with Cross-Functional Teams, Part Two

Session 9: Tools of the Trade

  •     Digital Systems
  •     Debit, Credit, and Virtual Terminals
  •     Supplier Stores
  •     Supplier Delivery System
  •     Electronic Data Interchange (EDI)
  •     E-Commerce
  •     The Always-On Marketplace
  •     E-Sourcing
  •     The Role of Social Networking
  •     Tools of the Trade
  •     Seeking Feedback
  •     Annual Report Checklist
  •     Annual Report Tips
  •     Drawing Conclusions

A Personal Action Plan

  •     Starting Point
  •     Where I Want to Go
  •     How I Will Get There

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet.

Minimum specifications for the computer are:

Windows:

  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS

  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

Customer Reviews

5 star
38%
4 star
38%
3 star
15%
2 star
0%
1 star
8%
(13)
Average rating 3.5 out of 5 stars

15 June 2020 10:51:10 PM

xgdgf

10 June 2020 07:54:05 PM

great course!

10 June 2020 07:43:38 PM

TEST

3 September 2019 05:38:27 PM

I feel more confident apply for a current opening in my desired department, thank you.

22 February 2019 09:22:57 AM

I have learned more on Purchasing and Procurement Basics just some hours in a day

The course has transformed me and am happy to do other online learning training with Courses For Success .

6 June 2020 05:03:09 PM

Very Good Course

18 September 2019 10:56:05 AM

This course has pointed me in the right direction. I have a better understanding going forward on how i can help the business.

28 September 2018 12:57:56 PM

Was quite easy

17 May 2020 06:43:35 PM

Informative. Great as a starting point for overall process. Easy to log off and come back to where you left off.

5 September 2018 10:00:00 PM

it was a good course to start gathering basic fundamental knowledge in procurement

30 June 2019 11:32:45 AM

Enjoyed the procurement course, I have "morphed" into Procurement on 2 major civil infrastructure projects (combined value Approx $1.1 Billion) from Project Management without any Procurement Training and this pulled everything together for me.

9 December 2018 10:46:18 PM

H

5 October 2018 11:34:46 AM

I would have like to see more practical ideas of how to get going. For someone like me who is starting from scratch there is not a lot work with. I did pick up some ideas but nowhere near as much as I was expecting.

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About this Course

Purchasing and Procurement Basics Online Course

The Purchasing Procurement Basics online course gives you a right-based theory for acquiring the right product of the right quality, in the right quantity, from the right source, at the right time, and at the right price. The Purchasing Procurement Basics online certificate course gives you a right-based theory for acquiring the right product of the right quality, in the right quantity, from the right source, at the right time, and at the right price. This course gives you the ability to implement a purchasing strategy that includes supply chain functions and building strong, collaborative relationships within and outside the organization.

Our Purchasing and Procurement Online courses will teach you the basics of purchasing and procurement. You'll receive an introduction to the supply chain, the purchasing cycle, and basic purchasing tools. You'll also learn about the competitive bidding process, how to manage supplier performance, risk management techniques, and ways to build relationships.

Key Learning Objectives

  • Define what a supply chain is
  • Identify your procurement department’s role within the organization
  • Learn the principles of the purchasing cycle
  • Create a process for successfully managing a competitive bid, starting with the request for proposals through negotiating the Contract
  • How to create a competitive bid for a contract
  • How to objectively choose a supplier based on a solid evaluation strategy
  • Enable purchasing and procurement officers the ability to manage supplier performance, maintain quality, and implement monitoring standards
  • Use PC-based applications and cloud-based solutions for purchasing and procurement

Purchasing and Procurement Basics Online Course – Requirements

This course is designed for people with little or no prior experience in the purchasing and procurement sector who would like to start a career as a professional purchasing and procurement officer. The Purchasing and Procurement Basics online course is delivered 100 percent online 24/7 and only takes 3 to 6 hours of study to complete. 

To successfully complete this course, a student must:

  • Have access to the internet and the necessary technical skills to navigate the online learning resources
  • Have access to any mobile device with internet connectivity (laptop, desktop, tablet)
  • Be a self-directed learner
  • Possess sound language and literacy skills

Quick Course Facts

  1. Course content is structured for easy comprehension
  2. Approximately 6 to 8 hours of study is needed to complete the course
  3. Registered students gain unrestricted lifetime access to the Purchasing and Procurement Basics Online Certificate Course
  4. All course material is available online 24/7 and can be accessed using any device
  5. Study online from anywhere in your own time at your own pace
  6. All students who complete the course will be awarded with a certificate of completion

Purchasing and Procurement Basics Online Course Outline

Session 1: Course Overview

Purchasing and procurement are more than establishing a supply chain. The discipline should also involve creating strong, collaborative relationships with suppliers. It is increasingly becoming more important in a global economy that requires sourcing products from other countries. This is no small feat. It requires a professional procurement manager with strong capabilities.

The demands of today’s purchasing and procurement skills cannot be simply learned on the job, these need to be taught. With procurement considered an invaluable component of cost control in an organization, the need for a professional purchasing and procurement officer is critical.  

This course provides you the basics of procurement and an overview of what a supply chain looks like. You will also learn about purchasing cycles, essential tools, and strategies for developing purchasing relationships, managing bids, and more.

In the purchasing and procurement basics online course, we will show the importance of procurement managers in contributing to a company's success. This course will also show how a procurement manager can help solve common problems such as:

  • Not enough products to fulfill customer demand
  • Missed opportunities for bulk orders that could save money
  • Lack of consistency in communication to suppliers
  • Poor information management, which can lead to poor decision making
  • Money wasted on rush orders and expedited shipping

Session 2: Supply Chain Management Basics

Supply chain management is a continuously evolving system. It is a highly-skilled discipline that requires many parts working perfectly. It has evolved from the simple "mom and pops" shops of moving products and services. In this part of the course, you'll learn the basics of supply chain management, purchasing, and procurement. 

Process Areas

These are the five primary processes involved with supply chain management:

  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and Sales
  • Service

Session 3: The Purchasing Cycle

Creating a structure makes it easier to implement processes while avoiding unexpected delays or product shortages. The purchasing cycle helps you create a process while making room for changes. In this session, we discuss the purchasing cycle and how it can help you achieve your business objectives.

Purchasing Cycle:

  • Recognize, define, and describe a need
  • Communicate the need
  • Investigate and select the supplier
  • Receive and inspect material
  • Follow-up, including expediting order
  • Prepare and issue a purchase order, Contract, or agreement
  • Audit the invoice, packing slip
  • Close the order

Session 4: Purchasing Toolkit

The purchasing toolkit gives you a method for calculating costs and pricing and moving into supplier evaluation. It helps you accurately determine needs and which supplier best meets your requirements. In this session, you will learn the basics of the toolkit, negotiation, and conducting an interview.

Six Categories of Costs

The price of a product is mostly determined by the cost and profit. To give you a more accurate determination of what goes into the cost of production, we give you the six cost categories:

  • Variable manufacturing costs
  • Fixed manufacturing costs
  • Semi-variable or Mixed manufacturing costs
  • Total production costs
  • Direct costs
  • Indirect costs (overhead)

Session 5: Managing Competitive Bids

The bidding process enables the procurement manager to select the best supplier available for the job. Competing bids give you the option of selecting from a variety of suppliers and insight into what is currently available in the marketplace. This part of the course gives you a better understanding of the strengths of using requests for proposals and how to make the best decisions based on competing bids.

When to use Competitive Bidding

Setting up a proposal or bidding process takes time and money for both you and the bidder. We help you determine if a bidding process is an excellent idea by giving you these five criteria:

  • Is the Contract (monetary value) significant enough to attract bidders
  • The description of the product or service should be detailed enough to be understood by both parties
  • There must be a significant number of suppliers to make bidding more competitive
  • The bidders must be qualified and are actively searching for opportunities to bid
  • There must be enough time from planning to the actual bidding process

Session 6: Improving Efficiency and Accuracy

Implementing a professional procurement system helps reduce operating costs and helps maximize the organization's resources, and this should also hold true for your supplier. This part of the course teaches you the basic elements of managing supplier performance, controlling quality, and ensuring consistent delivery standards.

In the purchasing and procurement basics online course, you will learn these concepts:

  • Managing supplier performance
  • Aggregate evaluations
  • Categorical evaluations
  • Weighted evaluations
  • Controlling quality
  • Taking corrective action
  • Setting and monitoring delivery standards
  • Shipment tracking
  • Checking the Contract for breaches
  • Expediting orders
  • Creating good working relationships
  • Monitoring supplier performance
  • Developing performance requirements

Session 7: Analyzing and Reducing Risk in the Supply Chain

We analyze potential risks and how to reduce these. We will help you become more confident in making calculated risks and determine what makes a good decision. You will also discover that risks come both sides of the coin, the supplier, and the purchases. This part of the course will also introduce you to the concept of agile procurement.

Risk Management, Categories of Risk

We identify the different risk categories and how to assess each properly. This part of the course lets you efficiently monitor changes, create contingency plans, and create strategies for an overall risk management plan.

  • Legal (anti-trust violations, contracts, etc.)
  • Financial (price volatility factors, supplier financial health, surcharges, and penalties, etc.)
  • Operational (distribution, transportation, quality assurance, etc.)
  • Regulatory (trade agreements, environmental and customs issues, etc.)
  • Business environment (economies, security issues, competition, technology advances, and challenges, etc.)

Session 8: Managing Internal Relationships

The procurement department plays an important role in any organization. A professionally managed procurement department can help the organization save valuable financial resources. This session explains the importance of managing internal relationships with different teams/departments to achieve organization-wide goals.

The Different Roles of a Purchasing Specialist

We identify the role of a purchasing specialist and how this affects the overall organization.

  • Purchaser
  • Buyer
  • Capital equipment buyer
  • Inventory control analyst
  • Tool crib technician
  • Raw materials manager
  • Purchaser
  • Commodity manager
  • Traffic specialists
  • Sourcing expert

Session 9: Tools of the Trade

Technology has made it possible to reduce costs, eliminate repetition, make tasks simpler, and makes the whole procurement process more efficient. In this session, we discuss the development of helpful tools and its importance in improving your department's efficiency and success. To equip you with the much-needed tools of the trade, the purchasing and procurement basics online course provides you with:

Digital systems

Procurement and supply chain management has grown in complexity over time. This has given rise to the need for computer and logistic systems that can handle a large amount of data simultaneously.

Debit, credit, and virtual terminals

Debit and credit card transactions is an everyday reality. These financial transactions have made it easier for organizations to make and track payments. It improves turnaround times by making purchase orders seamless.

Supplier stores

To improve efficiency and delivery times, suppliers often open small stores within your location, especially if you are a consistently large volume purchaser. This also makes it easier for customers to gain access to the supplier's different products and helps facilitate payments.

Supplier delivery systems

This involves setting a delivery system that considers purchase requisitions, delivery dates, specific product delivery, and batch requisitions. These delivery systems are ideal for suppliers who make daily or twice weekly deliveries.

Electronic data interchange (EDI)

Electronic data interchange is advanced systems that facilitate electronic transfers of customer and supplier information. These systems are designed to improve the flow of orders and provide highly advanced point-of-sale (POS) systems.

E-commerce

The internet provides unequaled connectivity between organizations and suppliers with the use of ERP systems. This service is provided through Supplier Relationship Management (SRM) and Customer Relationship Management (CRM) processes.

The always-on marketplace

Technology has made it easier for all parties in the supply chain to collaborate seamlessly. Point-of-sale systems, product life cycle software, bid optimization, and computerized negotiation tools can now be performed 24/7 from anywhere in the world.

E-sourcing

E-sourcing refers to all technology tools and software that is used to procure goods and services. These tools enable faster cycle times, improve efficiency, and increases competitive advantage by reducing redundancies or duplicated efforts.

The role of social networking

Originally developed to connect people socially, social networking has become indispensable in everyday business operations. Social networking makes it possible for procurement managers to connect with other professionals.

Tools of the Trade

We look at the tools you are currently using and identify which are the most effective.

Seeking feedback

Regular reports make it possible for stakeholders, management, and internal departments to monitor the  procurement department. It helps assess the current state of the delivery system and identify possible areas for improvement.

  • Annual report checklist
  • Annual report tips
  • Drawing conclusions

Personal Action Plans

After completing the purchasing and procurement basics online course, it is now to implement these concepts by creating a personal action plan. In this part of the course, we will help you develop your short-term and long-term goals.

  • Starting point
  • Where I want to go
  • How I will get there

Recognition & Accreditation

The courses offered by Courses For Success are unique as they are taught in a step by step process enabling students to complete them quickly and easily, so that you can obtain your qualification sooner. All students who complete the course receive a certificate of completion. Courses For Success is committed to high completion rates and therefore 100% student satisfaction.

Session 1: Course Overview

  •     Learning Objectives
  •     Pre-Assignment: Introduction
  •     Pre-Assignment: Questions

Session 2: Supply Chain Management Basics

  •     Defining the Terms
  •     Process Areas
  •     Summary
  •     Making Connections
  •     The Value of Procurement
  •     The Importance of Procurement
  •     Reducing Time to Market
  •     Practice Makes Perfect
  •     Pre-Assignment Review
  •     The Five Rights of Purchasing

Session 3: The Purchasing Cycle

  •     Cycle Overview
  •     Additional Points to Consider
  •     Identifying a Need
  •     The Purchase Requisition
  •     Material Requirements Planning Schedule
  •     Developing a System
  •     Making Connections
  •     Researching Your Options
  •     Issuing the Purchase Order
  •     Issuing a Change Order
  •     Invoice Auditing
  •     Lessons Learned

Session 4: Purchasing Toolkit

  •     Analyzing the Price
  •     General Economic Issues
  •     About Oligopolies
  •     More About Oligopolies
  •     Variable-Margin Pricing
  •     Six Categories of Cost, Part One
  •     Six Categories of Cost, Part Two
  •     Analyzing Costs
  •     The Scope of Costs
  •     Sources for Cost Data
  •     Additional Costs
  •     Evaluating Suppliers
  •     Evaluation Checklist
  •     Supplier Surveys
  •     Additional Tools, Part One
  •     Additional Tools, Part Two
  •     Additional Tools, Part Three
  •     Additional Tools, Part Four
  •     Negotiation Basics
  •     Key Negotiation Techniques
  •     Effective Questions, Part One
  •     Effective Questions, Part Two
  •     Effective Questions, Part Three
  •     Collaboration Techniques
  •     The Learning Curve

Session 5: Managing Competitive Bids

  •     Purchasing Through RFP’s and Tenders
  •     Bidding vs. Negotiation
  •     Prerequisites
  •     Making a Choice
  •     Elements of the Analysis
  •     Creating a Contract
  •     Key Elements
  •     Ethical Considerations
  •     Conflicts of Interest
  •     The Importance of Ethics
  •     Ethical Standards
  •     Ethical Dilemmas, Part One
  •     Ethical Dilemmas, Part Two
  •     Case Studies

Session 6: Improving Efficiency and Accuracy

  •     Managing Supplier Performance
  •     Aggregate Evaluations
  •     Categorical Evaluations
  •     Weighted Evaluations
  •     Controlling Quality
  •     Taking Corrective Action
  •     Setting and Monitoring Delivery Standards
  •     Shipment Tracking
  •     Is the Contract Breached?
  •     Expediting Orders
  •     Creating Good Working Relationships
  •     Monitoring Supplier Performance
  •     Developing Performance Improvements

Session 7: Analyzing and Reducing Risk in the Supply Chain

  •     Whose Risk Is It Anyway?
  •     Applying the Concepts
  •     The Digital Marketplace
  •     Agile Procurement
  •     Case Study
  •     Using Multiple Suppliers
  •     Building Agility
  •     Case Study
  •     A Risk Management Focus, Part One
  •     A Risk Management Focus, Part Two
  •     Sample Plan
  •     Best Practices

Session 8: Managing Internal Relationships

  •     Procurement’s Role in the Organization
  •     Where Does Supply Management Fit?
  •     Spell It Out
  •     Making Your Mark
  •     The Evolution of Materials Management
  •     The Role of the Purchasing Specialist
  •     Cross-Functional Teams
  •     Challenges with Cross-Functional Teams, Part One
  •     Challenges with Cross-Functional Teams, Part Two

Session 9: Tools of the Trade

  •     Digital Systems
  •     Debit, Credit, and Virtual Terminals
  •     Supplier Stores
  •     Supplier Delivery System
  •     Electronic Data Interchange (EDI)
  •     E-Commerce
  •     The Always-On Marketplace
  •     E-Sourcing
  •     The Role of Social Networking
  •     Tools of the Trade
  •     Seeking Feedback
  •     Annual Report Checklist
  •     Annual Report Tips
  •     Drawing Conclusions

A Personal Action Plan

  •     Starting Point
  •     Where I Want to Go
  •     How I Will Get There

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet.

Minimum specifications for the computer are:

Windows:

  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS

  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

(13)
Average rating 3.5 out of 5 stars
5 star
38%
4 star
38%
3 star
15%
2 star
0%
1 star
8%

15 June 2020 10:51:10 PM

xgdgf

10 June 2020 07:54:05 PM

great course!

10 June 2020 07:43:38 PM

TEST

3 September 2019 05:38:27 PM

I feel more confident apply for a current opening in my desired department, thank you.

22 February 2019 09:22:57 AM

I have learned more on Purchasing and Procurement Basics just some hours in a day

The course has transformed me and am happy to do other online learning training with Courses For Success .

6 June 2020 05:03:09 PM

Very Good Course

18 September 2019 10:56:05 AM

This course has pointed me in the right direction. I have a better understanding going forward on how i can help the business.

28 September 2018 12:57:56 PM

Was quite easy

17 May 2020 06:43:35 PM

Informative. Great as a starting point for overall process. Easy to log off and come back to where you left off.

5 September 2018 10:00:00 PM

it was a good course to start gathering basic fundamental knowledge in procurement

30 June 2019 11:32:45 AM

Enjoyed the procurement course, I have "morphed" into Procurement on 2 major civil infrastructure projects (combined value Approx $1.1 Billion) from Project Management without any Procurement Training and this pulled everything together for me.

9 December 2018 10:46:18 PM

H

5 October 2018 11:34:46 AM

I would have like to see more practical ideas of how to get going. For someone like me who is starting from scratch there is not a lot work with. I did pick up some ideas but nowhere near as much as I was expecting.

1.  Who are Courses For Success?

Courses For Success is a global course platform that started in 2008 with 5 courses, since then we have grown to over 10,000 online courses. As our courses are delivered online via the internet, we sell our courses worldwide.

Our courses span across many categories including Academic, Animal, Beauty, Business, Career, Counseling, Creative & Media, Health & Therapy, Hobbies & Trades, IT, Personal Development, Sports & Fitness.

Some of the companies we work with include Groupon, Living Social, CNN, Entrepreneur, Mashable, Reed UK, Stack Social and many more.

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Yes, we have a 7-day money-back refund guarantee. Just send us an email to email/info)(coursesforsuccess.com with the subject Courses For Success Refund so we can accommodate your request.

3.  What is the FREE Personal Success Training Program?

The Personal Success Training Program was developed by Courses For Success to help our customers achieve success. Currently, we are offering this program for FREE with every course or bundle purchase this month. This is a limited time offer! We have received thousands of reviews for this program, please see: Personal Success Training Program Reviews

4.  Are there any requirements to study this course?

No, anyone who has an interest in learning more about this subject matter is encouraged to take our course. There are no entry requirements to take this course.

5.  Do I require to have finished high school to complete this course?

No, you do not require a High School Diploma or to have finished school to study this course, this course is open to anyone who would like to take this course.

6.  What if English is not my first language?

This course is provided in English, however, due to the digital nature of our training, you can take your time studying the material and make use of tools such as google translate and Grammarly.

7.  Is this course online or conducted in person?

All our courses are accessible online on any device. You may complete them at your own pace and at your own time.

8.  How do I receive my course?

After you have completed the payment, you will receive a confirmation email and tax receipt. You will also receive an email containing your course login details (username and password), as well as instructions on how to access and log in to your course via the internet with any device, please check your junk/spam folder in the event that you do not receive the email.

9.  When does this course start?

Providing you have internet access you can start this course whenever you like, just go to the login page and insert your username and password and you can access the online material.

10.  What is online learning like?

Online learning is easy, if not easier than a traditional academic situation. By studying an online course, the usual boundaries caused by location and time constraints are eliminated, meaning you are free to study where and when you want at your own pace. Of course, you will need to be able to self-manage your time and be organized, but with our help, you’ll soon find yourself settling into a comfortable rhythm of study.

11.  What computer skills do I need for my course?

You don't need to be a computer expert to succeed with our online training, but you should be comfortable typing, using the internet and be capable of using common software (such as Microsoft word).

12.  How long will you have access to the online course?

There is no time limit for completing this course, it can be studied in your own time at your own pace. Once you have purchased this course you will have unlimited lifetime access, meaning you can access this course whenever you want.

13.  How long will my course take?

Individual courses are designed to be completed within 6-8 hours.

If you choose a course bundle, simply multiply the above hours by the number of courses included in the bundle.
For example:

  • 2 course bundle is 2 x 6-8 hours = 12-16 hours
  • 3 course bundle is 3 x 6-8 hours = 18-24 hours
  • 5 course bundle is 5 x 6-8 hours = 30-40 hours
  • 10 course bundle is 10 x 6-8 hours = 60-80 hours
14.  Do I need to buy textbooks?

All the required material for your course is included in the online system, you do not need to buy anything else.

15.  Is the course interactive?

Yes, all our courses are interactive.

16.  Is there an assessment or exam?

Yes, you will be required to complete a multiple-choice test online at the end of your course, you can do this test as many times as you require.

17.  What type of certificate will I receive?

You will receive a Certificate of Completion that is applicable worldwide, which demonstrates your commitment to learning new skills. You can share the certificate with your friends, relatives, co-workers and employers. Also, include it in your resume/CV, professional social media profiles and job applications.

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The term “Courses for Success” helped me in my current position to succeed. After completing the courses, I gave my manager the completion certificates. Recently I received a promotion too."
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"I have absolutely enjoyed the materials from Courses for Success. The materials are easy to understand which makes learning enjoyable. Courses for Success have great topics of interest which make you come back for more.
Thank you Courses for Success for being part of my learning journey and making education affordable!"

Our completion certificates are very valuable and will help you progress in your work environment and show employers how committed you are to learn new skills, you might even get a promotion.

18.  Will this course be credited by universities?

No, it is not equivalent to a college or university credit.

19.  Am I guaranteed to get a job with this certificate?

This course will give you the skills you need to help you obtain employment, but it’s up to you if you get the job or not.

20.  How will this course assist me with my career?

Studying and completing this course will show employers that you have the knowledge in this field, additionally you will gain more confidence in this area of expertise.

21.  How long is the certificate valid for?

The Certificates are valid for life and do not need renewing. 

22.  Can I take more than one course at a time?

Courses are studied online at your own pace and you are free to study as many or as few courses as you wish, we also offer online course bundles that allow you to save on additional courses so that you may get all the topics related to your training goals in one go.

23.  What are the Payment Methods available? Is there a payment plan?

We accept payments via PayPal, Credit Card and Bank Transfer. *For faster transaction Credit Card payments are preferred. Please purchase online via our website course product page or contact us at email/info)(coursesforsuccess.com, to pay via bank transfer.

24.  Can I purchase for multiple people?

Yes, you can do this by purchasing individually via website or send us a request via email at email/info)(coursesforsuccess.com

25.  Can I request for an invoice before purchase?

Yes, you can request for an invoice via email at email/info)(coursesforsuccess.com

26.  Purchase for a gift?

Yes, you can purchase this course as a gift, simply send an email to email/info)(coursesforsuccess.com, with the course details and we can accommodate this.

27.  Can I create my own course bundle?

Yes, you can customize your own bundle. Please send us the complete list with the exact course link of the courses you'd like to bundle up via email email/info)(coursesforsuccess.com and we will create them for you. *Each course access, time of completion and certification varies depending on the course type.

28.  How will I contact Courses For Success if I have any questions?

You can contact our support team, at any time through live chat on our website, or email at email/info)(coursesforsuccess.com, or by calling one of our phone numbers depending on which country you are in.  

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Course Summary

Course ID: 002PAPBOC
Delivery Mode: Online
Access: Lifetime
Tutor Support: Yes
Time: Study at your own pace
Duration: 6 - 8 Hours
Assessments: Yes
Qualification: Certificate

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