Procurement

From recognizing a need to issuing a purchase order, participants learn the essentials of determining quantity, specifications and price that are the cornerstones of procurement. This course covers a variety of procurement scenarios; repetitive purchases of production materials, procuring on-time low-cost items, large capital goods acquisition and securing commodities under long-term supply contracts. The opportunities and challenges of international procurement versus domestic procurement discussed. Participants gain broad understanding of the role of procurement and the various ways it can be organized.