Introduction to purchases (C7003)

None.

• Understand the role of the purchasing department and the buyer in the organization.
• Know the most common tools and methods used identify KPI and improvement actions for the purchasing function.
• Apprehend the different phases of the purchasing processes from the strategic to the operational ones.
• Understand and enhance the economic and financial impact of purchasing.
• Learn the techniques applied for the spend analysis.
• Learn the tools and methods used to select and evaluate suppliers.
• Know the most important trends in terms of Information and Communication Technology (ICT) and globalization for Purchasing.
• Learn the approaches to reduce the supply risks in global sourcing.

• Introduction: make or buy decisions, purchasing organization and purchasing process.
• Economic and financial impact of purchasing.
• Purchasing category and portfolio management.
• Spend analysis and improvement programs.
• Supplier qualification, selection and cost analysis.
• Supplier evaluation: monitoring, vendor rating, financial assessment.
• ICT in Procurement, eProcurement and Procurement 4.0.
• Global sourcing and supply risk management.
• Negotiation.
• Contracts.