Purchasing Guidebook ON DEMAND
Available Until
Your Desk
14.0 Credits
Member Price $364.00
Non-Member Price $419.00
Overview
The purchasing function has a dramatic impact on the profitability of a business, and so must be carefully managed. This course shows how the department’s performance can be fine-tuned. This course focuses on supplier selection and management, the competitive bidding process, negotiations, and contract management. This course also addresses the many ways in which purchasing can be used to control costs in the areas of inventory management, logistics, and quality, while also providing the financial tools to improve a number of purchasing decisions.
Highlights
The purchasing function. Purchasing processes. Procurement cards. Supplier selection. Supplier management. Competitive bidding. Supplier negotiations. Contract management. Inventory management issues, and more.
Prerequisites
None.
Designed For
CEOs, CFOs, COOs, and other accounting managers.
Objectives
Recognize the reporting relationships for a purchasing department, how the role of the department changes in a multi-division environment, the responsibilities of each position, and the purchasing manager’s responsibilities related to ethics. Describe the process flows related to requisitions, purchase orders, and competitive bidding. Identify the methods available for rolling out a procurement card system. Specify the considerations and criteria involved in supplier selection. Identify the methods used to attend to supplier needs, and recognize the contents of a supplier scorecard, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $419.00
Member Price $364.00