Fundamentals of Purchasing for New Buyers

Dates flexible
Course Type
Professional Training Course
Yes (Details)
Course Fee

Course Overview

Learning Objectives:

Be familiar with the fundamentals of Purchasing. Recognize the new roles of Purchasing and buyers. Become a more efficient and productive buyer through applying the techniques of purchasing management. Improve the services provided by your suppliers through more effective negotiations and planning. Understand the ethical/legal aspects of purchasing and its possible liabilities. Attain a better negotiating position through cost analysis. Identify hidden costs and make better buying decisions. Increase your company's savings through better purchasing management and increase your chances for success. Find out how to select and qualify suppliers.

Who should take this course

Purchasing officials in public and private sectors. Personnel responsible for buying who wish to improve their performance. Employees in other roles who wish to understand purchasing and buying processes and improve the interaction with their function.



Course content


How Purchasing Management Adds Value to the Firm:

  • The purchasing cycle.
  • Key criteria used to measure a buyer's performance.
  • Cost reduction.
  • Purchasing management policies procedures controls and standards.

Supplier Relations:

  • Requisition and purchasing policies.

Solicitation process:

  • Why various types of solicitation are used.
  • How to qualify and pre-select suppliers.
  • Assessing the risk in doing business with a supplier.
  • Assessing competitive market pricing.

Specialized Purchasing Management Tools:

  • Purchasing/procurement card.
  • Service contracts.
  • Exercises and case studies.

About Course Provider

London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.

London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.

How to enroll?

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