Purchase Management - Basics

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Course Overview

In an environment characterized by many unknowns, purchasing professionals must assist general management by providing purchasing expertise for strategic decisions. Purchasing can assist in calculating the probable impact of outside factors on supply, quality and price. Secondly, effective managers are consensus builders. Consensus is built with artful negotiation. It is not a game of compensating some "wins" with some "losses". Ultimate result is the winning of the organization by creating collaborative relationship

Course Content

  • Overview of the Purchase Function
  • Importance of Purchase Function
  • Is Purchase a cost centre or profit centre?
  • 5 R's of Purchase (Right quality, right quantity, right price, right time and right source)
  • Concept of Economic Order Quantity (EOQ)
  • Overview of Negotiating Skills
  • Qualities of good negotiator
  • Understand the importance of deciding what you need, as compared what you want

Customer Reviews

Thanks to Xpertised and the tutor who walked me through all the topics with Practical exposure which is helping me in my current project.

Course was quite helpful in terms of understanding of concepts and practicality. Its really a very friendly environment to learn. The timing were mutually chosen, as we both are working professional. I am quite satisfied with the course.


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