Purchasing Basics

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0.75 hours
Online Self Study

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About the Course

This course addresses important components of purchasing that are necessary for effective supply chain management. The focus is on the procurement of production materials.

Course Description

This course introduces essential purchasing concepts and terminology. It then explores the supplier and order management processes and innovative relationships with suppliers.

Learning Objectives

Upon completion of this course, you should be able to:

  • Describe how the need to acquire production materials is communicated and processed
  • Recognize the components of commonly used customer and supplier agreements
  • Describe the activities in the order management process
  • Describe supplier selection considerations and their linkage to supplier evaluation criteria
  • Recognize the fit of various forms of supplier relationships with the business situation


The following topics are included in this course:

  • Essential Concepts of Purchasing
  • Supplier Selection and Evaluation
  • Order Management
  • Innovative Relationships