Purchasing Guidebook

Price: 129.50

CPE Credits: 14.0

Category:

Course Number: PRDSBPUG

Purchasing - Producton CPE

Description:
This course reveals how the purchasing department’s performance can be fine-tuned, focusing on supplier selection and management, the competitive bidding process, negotiations, and contract management. The 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. Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: May 2015
Update: April 2017

Format: PDF
Pages: 252

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• 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.
• Cite the methods available for rolling out a procurement card system.
• Note the considerations and criteria involved in supplier selection.
• Cite the methods used to attend to supplier needs, and recognize the contents of a supplier scorecard.
• State the circumstances under which competitive bidding should be used, the types of supplier qualifications, and when a reverse auction might be a viable option.
• Identify the situations in which negotiations may be needed, the types of positions that may be taken, and the characteristics of a successful negotiator.
• Identify the types of clauses that may be included in a contract with a supplier, and the key differences between a contract and a purchase order.
• Note the costs associated with inventory, how inventory record accuracy can be improved, and how to mitigate the effects of a supply chain bottleneck.
• Recognize the different types of shipping terms, logistics performance goals, and character-istics of the different types of transport.
• Identify the uses to which a spend management system can be put, how it is used, and the expected outcome of a spend compliance program.
• Define the concept of quality, identify the goals of six sigma, and note how a corrective action process is used.
• Recognize the pricing systems used by suppliers, and how a target costing system works.
• Note the key points in a leasing agreement to negotiate, the advantages of using leases, the methods for improving the financial results of a business, and how to improve the learning curve experienced by suppliers.
• Identify the circumstances under which a supplier is more likely to accept a supply chain financing offer.
• Note the measurements to use when attempting to reduce purchase orders and suppliers, and to emphasize the use of certified suppliers.
• Cite the components of a material requirements planning system, and the types of electronic notifications that can be provided to a buyer by a seller.

Description:
This course reveals how the purchasing department’s performance can be fine-tuned, focusing on supplier selection and management, the competitive bidding process, negotiations, and contract management. The 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. Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: May 2015
Update: April 2017

Format: PDF
Pages: 252

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• 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.
• Cite the methods available for rolling out a procurement card system.
• Note the considerations and criteria involved in supplier selection.
• Cite the methods used to attend to supplier needs, and recognize the contents of a supplier scorecard.
• State the circumstances under which competitive bidding should be used, the types of supplier qualifications, and when a reverse auction might be a viable option.
• Identify the situations in which negotiations may be needed, the types of positions that may be taken, and the characteristics of a successful negotiator.
• Identify the types of clauses that may be included in a contract with a supplier, and the key differences between a contract and a purchase order.
• Note the costs associated with inventory, how inventory record accuracy can be improved, and how to mitigate the effects of a supply chain bottleneck.
• Recognize the different types of shipping terms, logistics performance goals, and character-istics of the different types of transport.
• Identify the uses to which a spend management system can be put, how it is used, and the expected outcome of a spend compliance program.
• Define the concept of quality, identify the goals of six sigma, and note how a corrective action process is used.
• Recognize the pricing systems used by suppliers, and how a target costing system works.
• Note the key points in a leasing agreement to negotiate, the advantages of using leases, the methods for improving the financial results of a business, and how to improve the learning curve experienced by suppliers.
• Identify the circumstances under which a supplier is more likely to accept a supply chain financing offer.
• Note the measurements to use when attempting to reduce purchase orders and suppliers, and to emphasize the use of certified suppliers.
• Cite the components of a material requirements planning system, and the types of electronic notifications that can be provided to a buyer by a seller.

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