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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.

Learning Objectives

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 using 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.

Applies Towards the Following Programs
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Coming Soon!

The sections for this course will be released on June 18, 2025. Sign up below to receive updates and a notification to register. Thank you for your patience.

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