Free course in purchasing and supply management from Thames College
About Thames College
Thames College is a reputed online education provider committed to offering high-quality courses and empowering individuals to achieve their goals. We help individuals who wish to enhance their skills or change their careers. All you have to do is believe in yourself, and with our rich array of skill-based courses, we’ll help you get there.
Thames College takes great pride in being a comprehensive resource for top-notch online education. Its core mission is to support individuals in all aspects of life by providing expert guidance, unwavering support, and enthusiastic encouragement throughout their educational journey.
About The Course
This free online course unravels the sequence of purchasing and supplying processes and procedures with vendors.
Mentioning procurement without addressing purchases and supplies is difficult, as they are fundamental in ensuring high-quality materials and a seamless procurement process in many organizations. This course examines the complexities of purchasing and supplies, including the crucial responsibilities of a purchasing manager. It also discusses supply cost analysis, vendor relationships, and quality management within the procurement field.
In This Free Course, You Will Learn How To
- Explain the roles and responsibilities of a purchasing manager
- Outline the criterion and ethical considerations for evaluating suppliers in purchasing
- State the process involved in effective risk management and mitigation
- Outline the strategies for effective conflict resolution
- Distinguish between the various components of cost-benefit analysis
- Recall the recommended skills managers must possess for an effective negotiation
- Explain the advantages of competitive pricing in purchasing
- State the factors required for effective supplier relationship management
- Discuss the benefits and considerations in the selection of procurement technologies
- State the practical applications of artificial intelligence in procurement
- Recognise effective measures for safeguarding digital assets and data
- Recall the processes involved in setting quality standards for the items to be procured
Course Description
Purchases managers play a vital role within organizations, wielding significant influence over resource acquisition, cost control, and the delivery of top-tier products and services. Their adept handling of these responsibilities directly impacts a company’s competitive edge in the marketplace. With this in mind, we’ve meticulously crafted a comprehensive course tailored to both aspiring and current purchasing managers. Our objective is to arm participants with the knowledge and tools necessary to thrive in their roles.
The course commences with a foundational exploration of purchasing management, shedding light on the evolving nature of the purchasing manager’s role. Through this introduction, participants gain insight into the myriad responsibilities and duties that define this pivotal position. From there, the curriculum delves into strategic sourcing planning, supplier evaluation, and risk mitigation strategies. You will acquire proficiency in developing and executing strategic sourcing plans, honing the ability to select suppliers judiciously and navigate the complexities of risk management in procurement. Furthermore, the course delves into the realm of supply chain management, cost analysis, and financial reporting, all tailored to the specific needs of purchasing managers. You will gain a nuanced understanding of cost-benefit analysis in procurement, budgeting essentials, and the integration of advanced procurement technologies. Additionally, cybersecurity measures pertinent to purchasing managers are elucidated, ensuring participants are well-equipped to safeguard .
Knowledge & Skills You Will Learn
- Procurement
- Supply Chain Management
- Business Process Management
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