--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

1 year access to Introduction to Value-Adding Opportunities in the Sourcing Process - 3952-9

Non-Member Price:$129
Member Price:$89

Please log in to add this item to your cart.

You are registering for one year of access to this Knowledge Center course, starting the date of purchase.

1.5 CEHs

Purchasing has become an integral part of an organization's success. The overall responsibilities of the purchasing professional include providing an uninterrupted flow of materials and services to the operating system; keeping inventory investments at a minimum; maximizing quality; finding and developing competent sources of supply; standardizing requirements for products and services; purchasing materials and services at the lowest total cost of ownership (TCO); and fostering cross functional relationships all of which contribute to profit. As global competition and customer expectations force organizations to squeeze unnecessary costs out of every part of their businesses, the responsibilities of and expectations from the purchasing professional are augmented and extended.

  • LO1: Know the important tools of a cost management program
    • Cost savings
    • Cost models
    • Value creation
    • Knowledge check
  • LO2: Understand tools that enhance purchasing’s contribution
    • Buying strategies
    • Financial tools
    • Forecasts
    • Knowledge check
  • LO3: Identify considerations for selecting procurement method
    • Competition
    • Requirements
    • Timing
    • Knowledge check

Remember: All Knowledge Center courses are active for one year from the date of purchase.

      Please log in to add this item to your cart.