Purchasing Basics

Why This Course?

Purchasing is a critical function in any organization, responsible for acquiring goods and services efficiently and cost-effectively. Whether you are new to procurement or looking to solidify foundational knowledge, this course offers essential skills and insights to understand the purchasing process, negotiate better deals, and contribute to your organization’s success. With the growing importance of supply chain management, mastering purchasing basics can set you apart in a competitive job market.

What You Will Learn

• Introduction to Purchasing: Understanding the role and importance of purchasing within an organization.
• Procurement Process: Step-by-step breakdown from identifying needs to order fulfillment.
• Supplier Selection & Evaluation: How to research, assess, and choose suppliers that align with business goals.
• Negotiation Skills: Basic strategies to negotiate prices, terms, and delivery schedules.
• Purchase Orders & Contracts: Creating and managing purchase orders and contracts effectively.
• Cost Control & Budgeting: Techniques for managing purchasing budgets and controlling costs.
• Inventory Basics: How purchasing ties into inventory management and demand planning.
• Ethics and Compliance: Understanding legal and ethical considerations in purchasing.

Benefits of This Course

• Gain a solid foundation in procurement processes applicable across industries.
• Improve your ability to negotiate and build strong supplier relationships.
• Learn practical skills that can immediately impact purchasing efficiency and cost savings.
• Enhance your confidence in handling contracts and purchase orders.
• Understand how purchasing influences overall business performance.
• Prepare for more advanced supply chain or procurement certifications.

Career Opportunities

Completion of this course opens pathways to various roles in procurement and supply chain management, including:

• Purchasing Assistant or Coordinator
• Procurement Officer
• Inventory Controller
• Supply Chain Analyst
• Vendor Manager
• Operations Support Specialist

This foundation also supports progression into advanced procurement, logistics, and supply chain management positions.

Additional Topics (Optional)

• Introduction to E-Procurement tools and software
• Basics of demand forecasting in purchasing
• Case studies on successful purchasing strategies
• How global sourcing affects purchasing decisions