Purchase management from edX

For a company to function properly it must have a permanent supply of raw materials and goods; if sourcing is done efficiently, availability for manufacturing and/or sale will be permanent.

There are tasks prior to purchasing to be conducted such as knowing the requirements of the business and the manufacturing process, knowing the providers in depth, always assessing that their quality and costs are best suited to the business. Start exploring purchasing in this online course.

Purchasing planning and management are of great importance for any organization, regardless if it is a micro enterprise, an SME or a large company. Learn about purchasing management in your organization with this business management course.

What you'll learn

How to create a sales plan and market segmentation according to the company’s capacity and offer to guarantee precise manufacturing.
Identify the main characteristics of demand management to anticipate market and client variability.
Learn about success cases in the use of demand management as application examples and be able to adapt them to your company’s own capacity.

What's inside

Syllabus

Module 0: Welcome

The impact of purchasing in my company

Module 1: Purchase planning

What is sourcing in a company?

Planning

Factors for strategic purchasing and sourcing

Diagnosis

Module 2: Collaboration in purchase and sourcing

Collaboration in sourcing

Sales and inventory data

Out of stock

Negotiation

Module 3: Providers and business partners

Provider management

Purchasing processes

Key concepts about providers

Module 4: Costs, prices and reception of materials

Costs vs Prices

Logistical cost

Reception of raw materials

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Suitable for business professionals and managers with responsibilities in purchasing and supply chain

Relevant for individuals seeking to enhance their understanding of purchasing management

Appropriate for learners interested in exploring concepts and best practices in sourcing and procurement

Career center

Learners who complete Purchase management will develop knowledge and skills that may be useful to these careers:

Cost Analyst

Cost Analysts are responsible for analyzing the costs of goods and services. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the cost analysis process. The course covers topics such as cost accounting, data analysis, and cost reduction strategies, all of which are essential for success in this role.

See salaries and explore the career path for Cost Analyst

Purchasing Manager

Purchasing Managers oversee the procurement of goods and services for their organizations. This course may be useful for those looking to enter this field, as it provides a strong foundation in the principles of purchasing and sourcing. The course covers topics such as demand management, supplier management, and cost analysis, all of which are essential for success in this role.

See salaries and explore the career path for Purchasing Manager

Demand Planner

Demand Planners are responsible for forecasting demand for goods and services. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the demand planning process. The course covers topics such as market research, data analysis, and forecasting techniques, all of which are essential for success in this role.

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Materials Manager

Materials Managers are responsible for the procurement and management of materials used in manufacturing. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the materials management process. The course covers topics such as inventory management, supplier management, and cost analysis, all of which are essential for success in this role.

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Procurement Specialist

Procurement Specialists are responsible for sourcing and negotiating the purchase of goods and services for their organizations. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the procurement process. The course covers topics such as demand forecasting, supplier management, and contract negotiation, all of which are essential for success in this role.

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Purchasing Agent

Purchasing Agents are responsible for sourcing and negotiating the purchase of goods and services for their organizations. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the purchasing process. The course covers topics such as demand forecasting, supplier management, and contract negotiation, all of which are essential for success in this role.

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Supplier Relationship Manager

Supplier Relationship Managers are responsible for managing relationships with suppliers. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the supplier relationship management process. The course covers topics such as supplier selection, contract negotiation, and performance management, all of which are essential for success in this role.

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Supply Chain Manager

Supply Chain Managers oversee the flow of goods and services from suppliers to customers. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the supply chain management process. The course covers topics such as inventory management, transportation, and logistics, all of which are essential for success in this role.

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Project Manager

Project Managers are responsible for planning and executing projects. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the project management process. The course covers topics such as project planning, scheduling, and risk management, all of which are essential for success in this role.

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Business Analyst

Business Analysts are responsible for analyzing business processes and recommending improvements. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the business analysis process. The course covers topics such as process mapping, data analysis, and solution design, all of which are essential for success in this role.

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Logistics Manager

Logistics Managers are responsible for planning and executing the movement of goods and services. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the logistics management process. The course covers topics such as transportation, warehousing, and inventory management, all of which are essential for success in this role.

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Inventory Manager

Inventory Managers are responsible for managing the flow of goods in and out of a warehouse. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the inventory management process. The course covers topics such as stock control, forecasting, and replenishment, all of which are essential for success in this role.

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Operations Manager

Operations Managers are responsible for the day-to-day operations of a business. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the operations management process. The course covers topics such as process management, quality control, and customer service, all of which are essential for success in this role.

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Management Consultant

Management Consultants are responsible for advising businesses on how to improve their operations. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the management consulting process. The course covers topics such as business analysis, strategic planning, and change management, all of which are essential for success in this role.

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Warehouse Manager

Warehouse Managers are responsible for the day-to-day operations of a warehouse. This course may be useful for those looking to enter this field, as it provides a comprehensive overview of the warehouse management process. The course covers topics such as inventory management, shipping and receiving, and safety, all of which are essential for success in this role.

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Purchase management

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What's inside

Syllabus

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