Supply chain management and purchasing are critical in the business world and a key aspect of any organization’s success. This 100% online course will introduce you to the basics of the supply chain process, management, purchasing, and contracting issues to provide you with the skills you need for a successful career.
- According to the Bureau of Labor Statistics, there are about 526,000 purchasing related jobs, and the median annual wage for purchasing managers was $125,940 in May 2020.
- Purchasing management is growing at a rate of 3% annually according to the BLS.
WHAT IS SUPPLY CHAIN MANAGEMENT?
Supply chain management refers to the activities needed to manage the flow of a product, from purchasing raw materials to distributing to the end consumer, in the most economical way possible.
WHAT DO PURCHASING MANAGERS DO?
Buyers and purchasing agents buy products and services for organizations to use or to resell. These professionals must consider many factors when purchasing such as budget, price, availability, demand, logistics, reliability of suppliers, and technical support.
WHY IS PURCHASING MANAGEMENT IMPORTANT?
Purchasing management is critical aspect of today’s vertically integrated business. Purchasing managers oversee the work of buyers and purchasing agents. In addition, they must be able to accurately report on activity and forecast future events which is essential to any organization’s success.
- How to prepare and manage a budget in an organization
- How to manage the supplier selecting process
- How to manage the contracting process
- How to evaluate price and costs
- Effective negotiation and communications skills
There are no prerequisites to take the course.
I. Purchasing Management
II. Essentials of Purchasing
III. Budgeting Essentials
IV. Procurement Process
V. Supplier Contracting
VI. Price and Cost Analysis
VII. Management Essentials
VIII. Negotiation Strategies
IX. Persuasive Communication
X. Legal Aspects of Contracts
Katherine Squires Pang
Katherine Squires Pang, J.D., LL.M., M.Ed has practiced law with since 1983. She has served as an adjunct faculty member in the Graduate School of Management at the University of Texas, Dallas, and has been an adjunct faculty member of many universities, including New York University and the University of California, Irvine. She received her B.A. in 1980 from Clark University, her J.D. from the University of Dayton Law School in 1982, her LL.M in Taxation from Georgetown University Law School in 1983, and her M.Ed from the University of Texas in 2001.
Registration and Enrollment
This course is 100% online. Start anytime.