Starts Saturday 9th October 2021 (5 weeks) €350 Course dates
Saturday 9th October 10am – 4pm
Saturday 16th October 10am - 4pm
Saturday 6th November 10am – 4pm
Saturday 13th November 10am – 4pm
Saturday 20th November 10am – 12pm - Examination
Delivered in partnership with the Open College. This course is a comprehensive introduction to the role of buying and the impact of effective purchasing.
This is a stand alone qualification in Purchasing and is about the acquisition of goods and services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location. Effective Purchasing can add huge value to any organization, multiple suppliers, not making use of available discounts, poor management of payment terms, sub optimal price negotiation and ineffective management of the supply base can add significantly to operating costs. This can also make the difference for any organization between long term profitability and business failure. This course is a comprehensive introduction to the role of buying and highlights the key areas within the Purchasing function, some of the topics to be covered will be the history of purchasing, sources of supply, the five rights, specification, value for money, negotiations, inter functional relationships, standardization, CSR, contract management, benchmarking, ethics, etc When students enrol for this course they will receive course notes and slides. The course is divided into ten units and each part will have notes supplied.
The course covers topics such as the key terms associated with procurement, Evolution of Purchasing, Specification, the Five Rights, Key components of a contract including the rationale of termination of agreements. It will teach the learner how to use a classification system to rank procurement items in order of importance, how to implement tactical and strategic sourcing and be able to apply relevant criteria for assessment of suppliers and above all to negotiate effectively during all stages of procurement giving due consideration to ethical practices at all times.
There are two parts to the program: • Assignment worth 40% and a written examination worth 60% of the allocated marks.