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Certificate In Purchasing and Procurement Basics Online Course

Learn The Basics Of Purchasing And Procurement

Learn The Basics Of Purchasing And Procurement

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.

In this course, you will learn the basics of purchasing and procurement. You’ll receive an introduction to the supply chain, the purchasing cycle, and basic purchasing tools. You’ll also learn about the competitive bidding process, how to manage supplier performance, risk management techniques, and ways to build relationships.

Learn about purchasing and procurement with our business and entrepreneurship courses

After you complete this Purchasing and Procurement Basics course, you will be able to:

  • Describe what a supply chain is.
  • Describe your procurement department’s role within the organization.
  • Understand the principles of the purchasing cycle.
  • Apply the steps needed for managing a competitive bid process, from the request for proposals or qualifications through to negotiating the contract.
  • Know what it takes to set up a competitive bid for a contract.
  • Defend your position on why a particular supplier should be selected based on an evaluation strategy.
  • Be responsible for managing supplier performance, including controlling quality and setting and monitoring standards.
  • Apply the tools of the procurement trade, from PC-based applications to cloud-based solutions.

Course Fast Facts:

  1. Easy to follow and understand
  2. Only 6 to 8 hours of study is required
  3. Unlimited, lifetime access to online course
  4. Delivered 100% on-line and accessible 24/7 from any computer or smartphone
  5. You can study from home or at work, at your own pace, in your own time
  6. Certificate of Completion

Course Delivery

Courses are accessed online via our learning management system by any device including PC, MAC, tablet or Smart Phone.

Recognition & Accreditation

This course is internationally recognized and accredited by the International Association of Online Training Standards (IAOTS). The courses offered by Courses For Success are unique as they are taught in a step by step process enabling students to complete them quickly and easily, so that you can obtain your qualification sooner. All students who complete the course receive a certificate of completion. Courses For Success is committed to high completion rates and therefore 100% student satisfaction.

Session 1: Course Overview

  •     Learning Objectives
  •     Pre-Assignment: Introduction
  •     Pre-Assignment: Questions

Session 2: Supply Chain Management Basics

  •     Defining the Terms
  •     Process Areas
  •     Summary
  •     Making Connections
  •     The Value of Procurement
  •     The Importance of Procurement
  •     Reducing Time to Market
  •     Practice Makes Perfect
  •     Pre-Assignment Review
  •     The Five Rights of Purchasing

Session 3: The Purchasing Cycle

  •     Cycle Overview
  •     Additional Points to Consider
  •     Identifying a Need
  •     The Purchase Requisition
  •     Material Requirements Planning Schedule
  •     Developing a System
  •     Making Connections
  •     Researching Your Options
  •     Issuing the Purchase Order
  •     Issuing a Change Order
  •     Invoice Auditing
  •     Lessons Learned

Session 4: Purchasing Toolkit

  •     Analyzing the Price
  •     General Economic Issues
  •     About Oligopolies
  •     More About Oligopolies
  •     Variable-Margin Pricing
  •     Six Categories of Cost, Part One
  •     Six Categories of Cost, Part Two
  •     Analyzing Costs
  •     The Scope of Costs
  •     Sources for Cost Data
  •     Additional Costs
  •     Evaluating Suppliers
  •     Evaluation Checklist
  •     Supplier Surveys
  •     Additional Tools, Part One
  •     Additional Tools, Part Two
  •     Additional Tools, Part Three
  •     Additional Tools, Part Four
  •     Negotiation Basics
  •     Key Negotiation Techniques
  •     Effective Questions, Part One
  •     Effective Questions, Part Two
  •     Effective Questions, Part Three
  •     Collaboration Techniques
  •     The Learning Curve

Session 5: Managing Competitive Bids

  •     Purchasing Through RFP’s and Tenders
  •     Bidding vs. Negotiation
  •     Prerequisites
  •     Making a Choice
  •     Elements of the Analysis
  •     Creating a Contract
  •     Key Elements
  •     Ethical Considerations
  •     Conflicts of Interest
  •     The Importance of Ethics
  •     Ethical Standards
  •     Ethical Dilemmas, Part One
  •     Ethical Dilemmas, Part Two
  •     Case Studies

Session 6: Improving Efficiency and Accuracy

  •     Managing Supplier Performance
  •     Aggregate Evaluations
  •     Categorical Evaluations
  •     Weighted Evaluations
  •     Controlling Quality
  •     Taking Corrective Action
  •     Setting and Monitoring Delivery Standards
  •     Shipment Tracking
  •     Is the Contract Breached?
  •     Expediting Orders
  •     Creating Good Working Relationships
  •     Monitoring Supplier Performance
  •     Developing Performance Improvements

Session 7: Analyzing and Reducing Risk in the Supply Chain

  •     Whose Risk Is It Anyway?
  •     Applying the Concepts
  •     The Digital Marketplace
  •     Agile Procurement
  •     Case Study
  •     Using Multiple Suppliers
  •     Building Agility
  •     Case Study
  •     A Risk Management Focus, Part One
  •     A Risk Management Focus, Part Two
  •     Sample Plan
  •     Best Practices

Session 8: Managing Internal Relationships

  •     Procurement’s Role in the Organization
  •     Where Does Supply Management Fit?
  •     Spell It Out
  •     Making Your Mark
  •     The Evolution of Materials Management
  •     The Role of the Purchasing Specialist
  •     Cross-Functional Teams
  •     Challenges with Cross-Functional Teams, Part One
  •     Challenges with Cross-Functional Teams, Part Two

Session 9: Tools of the Trade

  •     Digital Systems
  •     Debit, Credit, and Virtual Terminals
  •     Supplier Stores
  •     Supplier Delivery System
  •     Electronic Data Interchange (EDI)
  •     E-Commerce
  •     The Always-On Marketplace
  •     E-Sourcing
  •     The Role of Social Networking
  •     Tools of the Trade
  •     Seeking Feedback
  •     Annual Report Checklist
  •     Annual Report Tips
  •     Drawing Conclusions

A Personal Action Plan

  •     Starting Point
  •     Where I Want to Go
  •     How I Will Get There

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet.

Minimum specifications for the computer are:


  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)


  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

Customer Reviews

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Average rating 3 out of 5 stars

22 February 2019 09:22:57 AM

I have learned more on Purchasing and Procurement Basics just some hours in a day

The course has transformed me and am happy to do other online learning training with Courses For Success .

28 September 2018 12:57:56 PM

Was quite easy

5 September 2018 10:00:00 PM

it was a good course to start gathering basic fundamental knowledge in procurement

9 December 2018 10:46:18 PM


5 October 2018 11:34:46 AM

I would have like to see more practical ideas of how to get going. For someone like me who is starting from scratch there is not a lot work with. I did pick up some ideas but nowhere near as much as I was expecting.

Now Only ₩167449 Save ₩56150 (25%)
OFF RRP ₩223599
Delivery Method Online
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Course Summary

Course ID No.: 002PAPBOC
Delivery Mode: Online
Course Access: Unlimited Lifetime
Time required: Study at your own pace
Course Duration: 6 - 8 Hours
Qualification: Certificate