Foundations of Purchasing
Principles and Practices
Effective supply chain is crucial for businesses to ensure consistent supply of raw materials and continuation of its value creation.
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Effective supply chain is crucial for businesses to ensure consistent supply of raw materials and continuation of its value creation.
Effective supply chain is crucial for businesses to ensure consistent supply of raw materials and continuation of its value creation.
Dive deeper into the core of purchasing with this detailed course, designed to provide you with a foundational understanding of the key concepts, strategies, and practices. This course is aimed at empowering participants with the necessary skills to manage purchasing activities effectively, forge strong supplier relationships, and contribute significantly to their organization's competitiveness and profitability.
Through this course, learners will grasp the critical role of purchasing in organizational success and supply chain optimization, learn the principles of effective purchasing, supplier selection, and gain proficiency in negotiating, managing contracts, and ethical procurement practices.
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Syllabus
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Activities
Read press materials
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Reviewing press materials discussing supply chains will provide you with a solid foundation before the start of this course.
Show steps
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Locate press materials related to supply chains
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Read major publications in the field
Term definitions
Show steps
Solid understanding of key supply chain terms is important, and this exercise will help strengthen your definitions.
Show steps
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Study a list of common purchasing and supply chain terms
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Complete several rounds of practice problems to reinforce your understanding
Procurement tracker
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This hands-on activity will not only test your knowledge of the course material but also give you experience working on a real-world project.
Browse courses on
Supplier Management
Show steps
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Identify a problem or opportunity in your own organization or community related to procurement
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Develop a plan to address the problem or opportunity
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Implement your plan and track your progress
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Evaluate the results of your project and make recommendations for improvement
Three other activities
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Show all six activities
Supplier relationship management
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Taking a deep dive into supplier relationship management through external tutorials will help you gain a deeper understanding on how to maintain great relationships with vendors.
Browse courses on
Supplier Management
Show steps
-
Research and identify reputable online tutorials on supplier relationship management
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Complete the tutorials and take notes on the key concepts
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Apply what you have learned in the tutorials to your own work
Supply chain optimization workshop
Show steps
Workshops are an excellent way to learn about specific topics in depth. Participating in a supply chain optimization workshop will help you develop the skills and knowledge you need to improve your organization's supply chain.
Browse courses on
Supply Chain Optimization
Show steps
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Research and identify reputable supply chain optimization workshops
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Register for and attend the workshop
-
Actively participate in the workshop activities and discussions
Volunteer at a local food bank
Show steps
Volunteering will provide you with hands-on experience in a variety of supply chain-related activities.
Browse courses on
Supply Chain Management
Show steps
-
Contact your local food bank and inquire about volunteer opportunities
-
Volunteer your time to help with tasks such as sorting, packing, and distributing food
Read press materials
Show steps
Reviewing press materials discussing supply chains will provide you with a solid foundation before the start of this course.
Show steps
- Locate press materials related to supply chains
- Read major publications in the field
Term definitions
Show steps
Solid understanding of key supply chain terms is important, and this exercise will help strengthen your definitions.
Show steps
- Study a list of common purchasing and supply chain terms
- Complete several rounds of practice problems to reinforce your understanding
Procurement tracker
Show steps
This hands-on activity will not only test your knowledge of the course material but also give you experience working on a real-world project.
Browse courses on
Supplier Management
Show steps
- Identify a problem or opportunity in your own organization or community related to procurement
- Develop a plan to address the problem or opportunity
- Implement your plan and track your progress
- Evaluate the results of your project and make recommendations for improvement
Supplier relationship management
Show steps
Taking a deep dive into supplier relationship management through external tutorials will help you gain a deeper understanding on how to maintain great relationships with vendors.
Browse courses on
Supplier Management
Show steps
- Research and identify reputable online tutorials on supplier relationship management
- Complete the tutorials and take notes on the key concepts
- Apply what you have learned in the tutorials to your own work
Supply chain optimization workshop
Show steps
Workshops are an excellent way to learn about specific topics in depth. Participating in a supply chain optimization workshop will help you develop the skills and knowledge you need to improve your organization's supply chain.
Browse courses on
Supply Chain Optimization
Show steps
- Research and identify reputable supply chain optimization workshops
- Register for and attend the workshop
- Actively participate in the workshop activities and discussions
Volunteer at a local food bank
Show steps
Volunteering will provide you with hands-on experience in a variety of supply chain-related activities.
Browse courses on
Supply Chain Management
Show steps
- Contact your local food bank and inquire about volunteer opportunities
- Volunteer your time to help with tasks such as sorting, packing, and distributing food
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