Identifying an Effective Supply Requirements Process



 
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1.00 hour
Online Self Study
PEX203

ID:1000000169

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About the Course

The purpose of this course is to show buyers how they can obtain the right goods and services and influence price. By getting involved early in the supply process, right when the purchase is being identified, buyers can reduce costs and improve quality.

Course Description

This course explores opportunities to add value when identifying requirements, appropriate uses for different types of specifications, and the importance of involving purchasing when identifying requirements. About 70%–80% of total cost is influenced when requirements are identified. That makes an accurate description of the requirement critical, as is having purchasing involved early in the supply process, where there are many opportunities to add value by reducing costs and improving quality.

Learning Objectives

After completing this course, you should be able to:

  • Explore an overview of identifying requirements in effective supply.
  • Describe the purpose and the value of properly identifying requirements.
  • Determine when and where to use different types of specifications.
  • Decide to get buyers involved in identifying supply requirements.

Special Notes

Target Student(s):

  • New procurement professionals with 0–2 years of experience
  • Entry-level buyers

_Note: this course was previously titled _Effective Supply: Identifying Requirements

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