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Course Description

From recognizing a need to issuing a purchase order, Participants will 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 one-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 will be discussed. Participants will gain a broad understanding of the role of procurement and the various ways it can be organized.

Learner Outcomes

By the end of this course you should be able to:

  • Describe the historical developments of procurement and how it fits within an overall supply chain
  • Define supply chain management, value chain and purchasing
  • Define types of tender processes and explain their uses
  • Understand the integration of the supply chain with enterprise objectives
  • Explain best practices for sourcing, selecting and evaluating suppliers
  • Explain contract formation, the competitive bidding laws of Canada and ethics
  • Apply negotiation tactics and techniques appropriately
  • Appreciate the use of calculations for the total cost of ownership, the break-even point, cost management and the learning curve
  • Understand the need for quality from suppliers
  • Describe the basics and need for lean inventory management
  • Explain the differences between commercial, government and retail buying of goods and services

Recommendations

Applicants intending to complete a program are encouraged to apply as soon as possible to lock in their course requirements.

Applies Towards the Following Programs

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Enroll Now - Select a section to enroll in
Section Title
SMT Procurement
Language of Delivery
English
Type
Online - Synchronous
Days
Th
Time
6:00PM to 9:15PM
Dates
Sep 19, 2024 to Dec 05, 2024
Schedule and Location
Contact Hours
39.0
Delivery Options
Online - Synchronous  
Course Fee(s)
Tuition non-credit $725.00
Section Materials
  • Textbook (Mandatory) Purchasing and Supply Chain Management by Monczka Cengage 7 edition ISBN 9780357442142
Section Title
SMT Procurement
Language of Delivery
English
Type
Online - Synchronous
Days
Th
Time
6:00PM to 9:15PM
Dates
Jan 16, 2025 to Apr 03, 2025
Schedule and Location
Contact Hours
39.0
Delivery Options
Online - Synchronous  
Course Fee(s)
Tuition non-credit $725.00
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