Purchasing & Procurement Level 1

Explain the fundamentals of supply chain management.

Analyze the role of procurement within organizations.

Describe the stages of the purchasing cycle and toolkit.

Identify essential elements of the purchasing process.

Evaluate strategies to analyze and reduce supply chain risk.

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Purchasing & Procurement Basics: Gain a comprehensive understanding of the "Purchasing & Procurement" process within the broader context of supply chain management.

Role of Procurement: Explore the pivotal role that "Purchasing & Procurement" plays in the efficient functioning of organizations, ensuring the right goods and services are acquired.

Techniques Purchasing & Procurement: Navigate through the intricacies of the purchasing cycle and equip yourself with essential tools and techniques for effective "Purchasing & Procurement."

Elements of Purchasing & Procurement: Uncover the key elements that constitute successful "Purchasing & Procurement," from vendor selection to negotiation and contract management.

Risk Management: Develop expertise in assessing and mitigating risks within the supply chain, a critical aspect of "Purchasing & Procurement."

Inventory Management: Dive into the specifics of category management and effective inventory control, optimizing the "Purchasing & Procurement" process.