In this course, you will learn the basics of purchasing and procurement. Youâll receive an introduction to the supply chain, the purchasing cycle, and basic purchasing tools. Youâll also learn about the competitive bidding process, how to manage supplier performance, risk management techniques, and ways to build relationships.
Not that long ago, purchasing and procurement focused on a rights-based theory: acquiring the right product of the right quality, in the right quantity, from the right source, at the right time, and at the right price.
Today, purchasing and procurement has evolved beyond this theory to include many supply chain functions, with a focus on building strong, collaborative relationships within and outside the organization.
To begin this course, youâll review some of the basics of communication. Then, youâll learn how to make small talk, develop conversations, speak well, dress appropriately, and control nervousness….