Purchasing and Procurement Basics (DPP06)
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. Here's a sneak peek at some of the topics covered:
- The value of procurement
- The five rights of purchasing
- Checklist for supplier evaluation
- The purchasing cycle
- Managing competitive bidding with RFP's and RFQ's
- 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
Estimated length: 10 hrs
Access Time: 90 days
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You may request a refund up to 5 days from the purchase date. The registration fee will only be refunded if less than 10% of the course has been completed. Completion percentage can be viewed on the Course Progress page from within the course.