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Fundamentals of Purchasing for the New Buyer

Learn the essential skills and strategies of purchasing management from industry leaders at the American Management Association. Discover how to effectively manage suppliers, negotiate deals, and reduce costs while ensuring quality and timely delivery. Perfect for newcomers or experienced buyers looking to enhance their skills and stay up-to-date in the field.

  • All levels
  • 21 and older
  • $2,495
  • Live, interactive online classroom
  • 70 hours & 30 minutes over 9 sessions
Fundamentals of Purchasing for the New Buyer
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  • $2,495
  • Live, interactive online classroom
  • 70 hours & 30 minutes over 9 sessions
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Show all 9 sessions
  • Mon, Apr 29 at 10:00am - 6:00pm
  • Tue, Apr 30 at 10:00am - 6:00pm
  • Wed, May 01 at 10:00am - 5:30pm
  • Wed, Jul 24 at 9:00am - 5:00pm
  • Thu, Jul 25 at 9:00am - 5:00pm
  • Fri, Jul 26 at 9:00am - 4:30pm
  • Mon, Nov 11 at 9:00am - 5:00pm
  • Tue, Nov 12 at 9:00am - 5:00pm
  • Wed, Nov 13 at 9:00am - 4:30pm
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Class Description

Description

What you'll learn in this management course:

This fundamentals seminar is taught by leaders in the field who will walk through every step of the purchasing management process, including negotiating and vendor and materials management. Find innovative ways to manage your suppliers so they deliver quality products and services on time and within your budget…learn how eProcurement can help you save money and exploit sales opportunities…and recognize the impact you have on the financial side of your business.

Who Should Attend

Newcomers who want to learn every facet of their job responsibilities - as well as veteran buyers who want to update their skills.

How You Will Benefit

  • Understand today's procurement strategies and techniques
  • Identify the core expertise, process knowledge, and interpersonal skills necessary for success as a 21st-century buyer
  • Discover the criteria for successful supplier selection
  • Manage your supplier relationships to reduce costs, improve quality, and enhance performance
  • Understand legal and ethical requirements and issues
  • Learn negotiation techniques for a global purchasing environment

What You Will Cover

  • The changing role of the buyer in today's organization
  • How purchasing adds value to the firm, and profit to the bottom line
  • Developing the supply base and supplier relationships
  • Designing effective supplier performance measurements
  • Making effective procurement decisions through the use of price and cost analysis
  • Utilizing value and total cost of ownership concepts to reduce costs
  • Tools for enhancing material flow and reducing inventory investment
  • Specialized purchasing instruments, master agreements, contracting methods, and e-procurement
  • Successful selection and management of service suppliers
  • Professional practices and standards of purchasing ethics
  • Legal aspects of purchasing: contracts, agency, warranties, and anti-trust laws
  • Negotiating skills and tactics for the buyer

Remote Learning

This course is available for "remote" learning and will be available to anyone with access to an internet device with a microphone (this includes most models of computers, tablets). Classes will take place with a "Live" instructor at the date/times listed below.

Upon registration, the instructor will send along additional information about how to log-on and participate in the class.

Refund Policy

For Classroom, Live Online, Express Skills Courses and Webinar programs, you may transfer to a future session, send someone to take your place, or cancel for a 5% fee up to 23 days prior to your program.

If you provide AMA with less than 23 days’ notice, or fail to attend, you will be liable for the entire program fee.

Programs included in AMA On Demand offerings are not eligible for substitution, transfer, cancellation, return, or refund. We appreciate that this is an important investment for you and your company and would like to accommodate your needs the best we can.

Please email us at [email protected]

In any event where a customer wants to cancel their enrollment and is eligible for a full refund, a 5% processing fee will be deducted from the refund amount.

Reviews of Classes at American Management Association (5)

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