Description

What Will Students Learn?

• Describe what a supply chain is
• Describe the procurement department’s role within the organization
• Understand the principles of the purchasing cycle
• Apply the steps needed for managing a competitive bid process, from the request for proposals or qualifications through to negotiating the contract
• Know what it takes to set up a competitive bid for a contract
• Defend their position on why a particular supplier should be selected based on an evaluation strategy
• Be responsible for managing supplier performance, including controlling quality and setting and monitoring standards
• Apply the tools of the procurement trade, from PC-based applications to cloud-based solutions

What Topics are Covered?

• Supply Chain Management Basics
• The Purchasing Cycle
• Purchasing Toolkit
• Managing Competitive Bids
• Improving Efficiency and Accuracy
• Analyzing and Reducing Risk in the Supply Chain
• Managing Internal Relationships
• Tools of the Trade