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Purchasing and Procurement

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  1. Session One: Course Overview
    2Topics
    |
    2 Assessments
  2. Session Two: Supply Chain Management Basics
    10Topics
  3. Session Three: The Purchasing Cycle
    12Topics
  4. Session Four: Purchasing Toolkit
    27Topics
  5. Session Five: Managing Competitive Bids
    14Topics
  6. Session Six: Improving Efficiency and Accuracy
    13Topics
  7. Session Seven: Improving Efficiency and Accuracy
    12Topics
  8. Session Eight: Managing Internal Relationships
    9Topics
  9. Session Nine: Tools of the Trade
    14Topics
  10. Session Ten: A Personal Action Plan
    3Topics
    |
    1 Assessment
Session 3, Topic 3
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Identifying a Need

1 Sep 2021
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The Starting Point

In a small business, making a decision to purchase a package of paper can be dealt with simply. You load the last package of paper into the printer, and then stop at a stationery supplier on the way home and pick up a box. However, full retail price is probably not how much you’d like to spend, is it? This is part of the reason that having people knowledgeable about procurement is essential.

The need for a purchase normally starts in an operating department or the inventory control section. The procurement department gets notified of a need either when they receive a purchase requisition or when there is a notice on the material requirements planning (MRP) schedule.

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