Purchasing and Procurement Basics Course Outline

Purchasing and Procurement Basics

Session One: Course Overview

Session Two: Supply Chain Management Basics

Defining the Terms

Making Connections

The Value of Procurement

Practice Makes Perfect

Pre-Assignment Review

Session Three: The Purchasing Cycle

Cycle Overview

Identifying a Need

Researching Your Options

Lessons Learned

Session Four: Purchasing Toolkit

Analyzing the Price

Six Categories of Cost

How Much?

Analyzing Costs

Evaluating Suppliers

Evaluation Checklist

Negotiation Basics

Effective Questions

Collaboration Techniques

The Learning Curve

Session Five: Managing Competitive Bids

Purchasing Through RFP’s and Tenders

Making a Choice

Creating a Contract

Ethical Considerations

Ethical Dilemmas

Session Six: Improving Efficiency and Accuracy

Managing Supplier Performance

Controlling Quality

Setting and Monitoring Delivery Standards

Session Seven: Analyzing and Reducing Risk in the Supply Chain

Whose Risk Is It Anyway?

Agile Procurement

A Risk Management Focus

Session Eight: Managing Internal Relationships

Procurement’s Role in the Organization

Spell It Out

Making Your Mark

Cross-Functional Teams

Think About It

Session Nine: Tools of the Trade

Digital Systems

E-Commerce

Tools of the Trade

Evaluating Your Department

Drawing Conclusions

Recommended Reading List

Post-Course Assessment

Pre- and Post-Assessment Answer Keys

Personal Action Plan