Purchasing Foundations

Course details

Purchasing departments add value and maximize savings for their organizations. In this course, supply chain expert and professor Steven Brown outlines the purchasing process and provides guidance for evaluating, selecting, and managing suppliers. He also addresses the roles of cost management and strategic sourcing, and the legal and ethical considerations involved. Plus, learn about special topics such as indirect spend on services (including transportation and utilities), resourcing, and supply chain performance management.

Learning objectives
Explain the purchasing process.
Define purchase order.
Describe the intent of a purchasing policy.
Distinguish types of purchasing structures.
List the steps of selecting a supplier.
Identify enablers for success in worldwide sourcing.
Perform price and cost analysis.
Measure supply management performance.

Concepts

0. Introduction

01 - Welcome

1. The Function of Purchasing

02 - The purchasing process
03 - Purchase orders
04 - Purchasing policies
05 - The purchasing organization

2. Managing Suppliers

06 - Supplier evaulation and selection
07 - Supplier quality management
08 - Supplier management and development

3. Strategic Sourcing

09 - World-wide sourcing
10 - Category management
11 - Negotiation planning
12 - Contract management
13 - Legal and ethical considerations

4. Strategic Cost Management

14 - Price and cost analysis
15 - Should-cost analysis
16 - Total cost of ownership
17 - Target costing
18 - Learning curve analysis

5. Special Topics in Purchasing

19 - Purchasing services
20 - E-sourcing
21 - Supply management performance measurement

Conclusion

22 - Next steps

Purchasing Foundations

Authors

Steven Brown