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Purchasing and Procurement Basics Online Course

Not that long ago, purchasing and procurement focused on a rights-based theory: 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. Today, purchasing and procurement has evolved beyond this theory to include many supply chain functions, with a focus on building strong, collaborative relationships within and outside the organization.

Skill Builder Pro is a job skills, soft skills and personal development training platform that has over 300 online courses. You will have access to all courses to learn new skills or refresh your existing skills.

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3 – 6 Hours
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Learn The Basics Of Purchasing And Procurement

Not that long ago, purchasing and procurement focused on a rights-based theory: 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. Today, purchasing and procurement has evolved beyond this theory to include many supply chain functions, with a focus on building strong, collaborative relationships within and outside the organization. In this course, you will learn 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. Learn about purchasing and procurement with our business and entrepreneurship courses. Learning outcomes:
  • Describe what a supply chain is.
  • Describe your procurement department’s role within the organization.
  • 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 your 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.
Online Access: Study the course online with an internet connection, by any device including PC, MAC, tablet or Smart Phone. Certificate of completion: A certificate of completion will be provided, when you finish the course.

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

Soft skills are the “people skills” that ensure a person is capable of relating effectively with others. Soft skills usually include such personality traits as effective communication, work ethic, problem solving, teamwork, networking, motivation, time management, dispute resolution, flexibility, critical thinking and many similar traits.

Whereas hard skills are usually mechanical skills that have been learned, soft skills are somewhat harder to teach. Effective instruction will enhance latent and dormant abilities in the student. 

Interacting with people is a critical part of most jobs. The better your employees are able to interact with others, the better the results will be. Soft skills can make a crucial difference in internal communication, customer service and sales situations.

People with a broad range of soft skills are valued for their adaptability as they are able to transfer their skills from one workplace role to another with comparative ease.

Employers who have a customer service component in their business are particularly appreciative of employees who have a range of soft skills that are appropriate for customer service roles. Good customer service leaves a lasting impression. Great soft people skills can make all the difference.

Skill Builder Pro is an online membership to over 300 of the most important soft skills courses, that your can study from any device, including computer or mobile phone.
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We offer two types of memberships, one for individuals and the other for businesses or people that need multiple people to access the courses.

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For businesses we offer many different pricing options. Please contact us at support@skillbuilderpro.com if you require more than one membership. 

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Skill Builder Pro is a job skill, soft skills, and personal development training platform with over 300 online courses. The courses are accessed online via the internet, and users provided with a login.

The course categories include, business skills, human resources, marketing, personal development, sales, management, workplace compliance and Microsoft.

Upon purchase you will have access to all the courses in Skill Builder Pro for a period of six months and is renewable.

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

We provide a 7-day money-back refund guarantee. Please send an email to support@skillbuilderpro.com to submit this request.

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You do not require a High School Diploma; these courses are open to anyone who would like to study these topics.

These courses are only provided in English.

All the courses are based online and accessed through the Skill Builder Pro online platform via the internet.

Once you have completed the payment, you will receive a confirmation email and tax receipt. You will also receive a username and password to log into the skill builder Pro Platform. If you have the internet and own a reliable computer or device, you will be able to log in and study the courses. Please remember to check your junk folder if you do not receive the email.

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You do not need to be an expert, but you should be able to use a keyboard, the internet, and have basic skills with Microsoft.

You will have six months access Skill Builder Pro platform (or longer if you have purchased longer), there are no time limits, and you can take as long as you require to complete each course. Access is renewed at the end of six months.

All 300 job skill, soft skills, and personal development courses included, additionally, new courses added monthly, the online materials include content, diagrams, interactive instructions, and quizzes, plus you will receive a certificate upon completion.

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

Taking the initiative and completing these courses shows potential employers you are willing to learn new skills to ensure that you have the necessary skills to achieve your tasks.

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If you are a business and wish to purchase for multiple people, please contact us at support@skillbuilderpro.com.

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Course Features

  • Only 3 to 6 hours of study is required
  • Delivered 100% on-line 24/7
  • Study from home or at work, at your own pace, in your own time
  • Certificate of Completion

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