EXSCMA 5632 - SMT Procurement
1027173
Language of Delivery
English
Delivery Options
Online - Synchronous
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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, students 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.
Applies Towards the Following Programs
- Supply Management Training Diploma : Technical Courses
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