Certificate in the Basics of Purchasing Management - Online

Certificate in the Basics of Purchasing Management

** This program is Open Enrollment and can begin once you recieve your log-in credentials **

Contact Hours: 200 (an estimated time frame devoted to a course of study from start to finish that can vary from student to student)

Course Description

The Certificate in the Basics of Purchasing Management is for those who want to learn the basics of procurement, purchasing, pricing, and supplier contracting. It is useful for those who will both have management responsibilities and who seek to pursue management opportunities.

Our Basics of Purchasing Management offers comprehensive training in many important areas, including:

• Developing a corporate culture
• Prepare and manage a budget in an organization
• Use financial statements to prepare and structure your budget
• Evaluating price and costs
• Use ratios to analyze company's financial position
• Cover the supplier selection process
• Explore the contracting process

1. Management Essentials
2. Budgeting Essentials
3. Price and Cost Analysis
4. The Procurement Process
5. Supplier Contracting

Outcome

Upon successful completion, students will be well-prepared to work in the procurement and supply management areas of business.

Assessment

Assessment Tools:

• Exams
• Quizzes
• Practical Experience
• Online Exercises

Outline

Management Essentials
I.          The culture of an organization
II.         Organizational change and resistance to change
III.        Power and influence leaders use
IV.        Leadership theories
                a. Leaders are born
                b. Leaders are made
V.         Strategies and Strategic thinking
                a. Strategic planning
                b. Strategic Plan
                c. Kerry Napuk's 5-step Model
VI.         Decision-Making
VII.        Managing quality with "best practices"
VIII.       Human Resource procedures and policies
IX.         Financial accountability
                a. Budgeting
                b. Balance sheet
                c. Income statement

Budgeting Essentials
I.         Concept of budgeting
                a. Benefits of budgeting
                b. Zero-based budgeting
II.         Activity-based budgeting
III.        Factors that impact budgeting
                a. Pricing
                b. Market research
                c. Credit and invoicing