Fundamentals of Purchasing and Supply: the Building Blocks of World-Class Professionalism

This is the most pivotal of all classes to get the purchasing and supply chain professional off on the right foot. The session sets the foundation and values these professionals will bring to an organization. Knowing the right skill to employ can assist their companies during periods of tight supply, rising costs, limited availability regardless of the economic cycle encountered. While experience conveys the applications for use, these pale if the tools are not known or understood by the people involved.

Critical tools to discuss and examples shown cover such areas as:

• Foundations and history of the profession
• Influence with user departments
• Legal aspects of purchasing, contracting and the Uniform Commercial Code
• How and when to employ the tools of Cost and Price Analysis
• The major influences of risk and how to both manage and report on them
• How to involve quality in the acquisition process
• Major considerations in purchasing services as compared to a material or tangible good
• Checklist for setting up a contract management process
• Key consideration in the negotiation process
• Understanding various purchasing techniques and applications.
• The session comes with forms and checklist for the participant to take back to their office to start using for the benefit of the company.