APICS ESSENTIAL PURCHASING SKILLS FOR BUYERS
This course addresses the basic functions performed by buyers and purchasing employees and defines Purchasing Department’s relationship with the rest of the organization and its impact on other business functions. In this course, students will be exposed to best practices in purchasing and sourcing strategies. All terms and concepts taught in this course are based on the APICS Body of knowledge.
The course is ideal for new and intermediate level Buyers, Buyer/Planners, Sourcing Specialists, Source Inspectors, Accounts Payable Clerks, and other employees directly associated with purchasing who want to hone their job skills and gain practical knowledge in the field of Procurement.
None. It is strongly recommended that students have a basic knowledge or some experience with purchasing activities.
Topics and Course Content
Fundamentals of Purchasing (PIM-8)
- Purchasing Function, Categories, and Responsibilities
- Purchasing’s Role and Interface with Other Business Functions
- Buyer/Planner Concept/Role
- Financial Impact of Purchasing
- Legal Aspects of Purchasing and Terms & Conditions
Sourcing Strategies (PIM-9)
- Strategic vs. Tactical Sourcing Strategy
- Single vs. Multiple Sourcing Strategy
- Make or Buy (Outsourcing)
- Spend Analysis and Cost Avoidance
Material Planning MRP (PMM-4 & 5)
- MRP Mechanics and Logic
- MRP Inputs and Outputs
- Working with MRP Action Messages
Legal Aspects of Purchasing
- Agency Law and Contracts
- Terms & Conditions
Learning Goals and Results
At the conclusion of the course, the participants will be able to:
- Utilize learned basic terms, concepts, systems, and best practices used by purchasing professionals.
- Apply learned material in performing their current job and/or be prepared for a next level job opportunity.
- Use terminology and concepts learned in this course in preparing for the APICS Production and Inventory Management (CPIM) Certification exams.
This class is 32 hours of classroom (or virtual platform) time taken in 2-hour sessions twice a week, over a period of 8 weeks.