Principles Of Purchasing & Supply

1. Describe the meaning of purchasing and supply
2. Explain purchasing and supply function
3. Discuss quality assurance activities
4. Explain supplier selection activities
5. Discuss pricing procedures
6. Explain management of inventory
7. Discuss government purchasing
8. Explain negotiated procurements
9. Explain expediting and follow up of order

13 weeks, about 60 hours in total. Yours will differ.

1. Week 1Module 1: Introduction

   • Unit 1: The Purchasing Function · 4 hours

     Understand the changing role of purchasing. Define key terms: purchasing, procurement, supply chain management, materials management. Discuss the evolution of sustainable purchasing practices.

2. Week 2Module 1: Introduction

   • Unit 2: Purchasing Guidelines, Terms and Terminologies · 4 hours

     Explain standard tender enquiry documents. Outline guidelines for public procurement. Discuss the fundamental principles of public buying.

3. Week 3Module 1: Introduction

   • Unit 3: General principles of entering into contracts · 4 hours

     Highlight and discuss the elementary legal practices that pertain to purchase of goods. Outline and explain the general principles that should be observed while entering into contracts.

4. Week 4Module 1: Introduction

   • Unit 4: Supplier's Selection Activities · 4 hours

     State and discuss factors in Supplier selection. Highlight and comment on the sources of supplier's information. State and describe and/or calculate both qualitative and quantitative processes of supplier Evaluation.

5. Week 5Module 1: Introduction

   • Unit 5: Pricing Procedures in Procurement and Supply Function · 4 hours

     List and explain the importance of obtaining materials at the right price. State clearly the role of price in purchasing. Describe how buyers obtain prices.

6. Week 6Module 2: Purchasing Methods

   • Unit 6: Terms of Payment for Goods · 4 hours

     Discuss the issues involved in the payment terms for domestic goods. Explain the related issues of terms of payment for imported goods in different situations.

7. Week 7Module 2: Purchasing Methods

   • Unit 7: Modes of Purchase, Receipt and Opening of Tenders · 4 hours

     Outline and explain in clear terms the various modes of purchase to be adopted in any given transaction.

8. Week 8Module 2: Purchasing Methods

   • Unit 8: Purchasing Practice and Methods – (I) · 4 hours

     State and explain how the need to procure different materials arise. Discuss the issues involved in purchasing capital goods, in leasing arrangement, in buying used equipments, and in buying for resale.

9. Week 9Module 2: Purchasing Methods

   • Unit 9: Purchasing Practice and Methods – (II) · 4 hours

     Explain the technicalities of buying for resale. Discuss the increasing importance of subcontracting in the purchase of services. Outline and explain the issues involved in the purchase of services.

10. Week 10Module 2: Purchasing Methods

    • Unit 10: Management of Inventory · 4 hours

      Highlight various classifications of inventory and the reasons for holding inventory. Explain the economic principles behind stock control. State and describe different approaches to stock control.

11. Week 11Module 3: Special Procurements

    • Unit 11: Negotiated Procurements · 4 hours

      Define the term Negotiation and clearly states its objectives. Comment on time Negotiation is most appropriate and Highlight the requisite position and qualifications of the Negotiator. List and Explain the steps involved in the Negotiation process.

12. Week 12Module 3: Special Procurements

    • Unit 12: Expediting or Follow-Up of Order · 4 hours

      Describe the nature of expediting work. Explain the expediting process. State the characteristic of a good expeditor.

13. Week 13Module 3: Special Procurements

    • Unit 13: Buying Internationally · 4 hours

      Define concept associated with buying internationally. List out and explain each of the approaches to international sourcing. State the benefits of buying internationally and the problems associated with it..

    • Unit 14: Managing Purchasing Activities · 4 hours

      Define planning and apply planning steps to your procurement activities. Discuss and state the implications of budgeting and purchasing research activities to the purchasing function..

    • Unit 15: Delivery Period, Terms of Delivery, Transportation, Transit Insurance, Delay in Supply, Cancellation of Contract · 4 hours

      Discuss with demonstrable examples, terms and conditions that are associated with delivery, insurance, delay and cancellation of purchased goods.