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14 Purchasing Best Practices

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Description

Wouldn't it be great if you could implement the purchasing best practices that are used by the world's top corporations? Do you think it is impossible because your existing staff is so busy and you don't have the budget to hire an expensive consulting firm? Think again!

You can introduce purchasing best practices into your organization easily, without outside help, if you have the right guidance. The highly personal and interactive online class "14 Purchasing Best Practices" makes it realistic for you to quickly and significantly improve your performance and the performance of your purchasing department. You'll become a respected purchasing leader by following this class' step-by-step instructions, examples, and exercises, as well as the 39-page Sample, Tool, and Template Pack which is included with your registration. Get ready to deliver world-class purchasing results!

Frequently Asked Questions

How long will it take me to complete the course? The amount of time it takes to complete the course is dependent upon the time you are able to spend in study. Each lesson takes approximately 30-60 minutes to complete and the course is comprised of 8 lessons. Students generally complete the course in 4-8 hours

Will I be able to work at my own pace? Yes. The online format of the instruction method allows you to proceed according to your own pace. Your personal schedule governs your completion time. The material is available on demand online.

Are there any required books for the course? No. The course is completely online and you will also receive a printer-friendly version of the course. This are included at no additional cost to you.

Can I assess what I have learned? Yes. Each lesson has a review quiz. From there you will be able to determine if you understood the concepts or if you still need to review the materials further. You will need to score 70% or higher overall on the quizzes to successfully complete the course.


Outcomes

You will learn how to strategically measure purchasing performance, plus�

  • How to improve your spend management by implementing a buying plan
  • How to select the best suppliers by using cross-functional commodity teams, scorecards, and total cost of ownership analysis
  • How to improve vendor performance through a supplier performance management program
  • How to optimize supplier relationships
  • How to improve risk management
  • How to map and improve processes
  • How to leverage technology such as eProcurement and Internet Reverse Auctions
  • How to conduct benchmarking
  • How to achieve efficiency through the systemization of purchasing operations
  • How to utilize a strategic plan


Assessment

Evaluation of your performance will be based on...

Eight (8) Individual lesson quizzes consisting of 5 questions each for a total of 40 questions

You must earn a 70% (or 28 out of 40 questions correct) or higher in order to successfully pass the course. You must earn a 70% or higher in order to successfully pass this course (28 out of 40 questions correct). Students may retake quizzes an unlimited amount of times during the 60 days they have from the time of purchase.

course quick facts
course code DED3974
cost $219.00
estimated time to
complete course
8 Hours
course materials
available
60 Days