Master Purchasing Fundamentals and Supply Chain Management
Learn essential purchasing principles, supplier management, and strategic sourcing. Master negotiation skills and ethical procurement practices.
Learn essential purchasing principles, supplier management, and strategic sourcing. Master negotiation skills and ethical procurement practices.
This comprehensive course explores the foundations of purchasing and supply chain management, focusing on key principles and practices essential for organizational success. Students gain in-depth knowledge of purchasing processes, supplier evaluation techniques, and strategic sourcing methodologies. The course combines theoretical concepts with practical case studies, empowering participants to manage purchasing activities effectively, build strong supplier relationships, and contribute to organizational competitiveness. Perfect for beginners in supply chain management, the program emphasizes both technical skills and ethical considerations.
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What you'll learn
Understand the strategic role of purchasing in organizational success
Master techniques for supplier evaluation and selection
Develop effective supplier relationship management skills
Learn ethical procurement practices and their implementation
Gain proficiency in negotiation and contract management
Apply purchasing principles to real-world business scenarios
Skills you'll gain
This course includes:
47 Minutes PreRecorded video
1 assignment
Access on Mobile, Tablet, Desktop
FullTime access
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There is 1 module in this course
This course provides a thorough introduction to purchasing principles and practices in modern business operations. Students learn the strategic importance of purchasing in organizational success and supply chain optimization. The curriculum covers key areas including supplier evaluation and selection, relationship management, ethical procurement practices, negotiation techniques, and contract management. Through practical case studies and real-world examples, participants gain hands-on experience in applying purchasing strategies and managing procurement processes effectively.
Foundations of Purchasing: Principles and Practices
Module 1 · 1 Hours to complete
Fee Structure
Payment options
Financial Aid
Instructor
Expert in Hospitality Finance and Business Management
Manish Gupta brings over 15 years of expertise in hospitality finance and business management, currently serving as CFO and acting CEO at Htoo Hospitality where he manages a portfolio of six destinations and 15 hotels, overseeing 800+ rooms and a workforce exceeding 1,500 employees. As the founder of eHotel Management School, he has developed and delivered more than 30 comprehensive courses that have benefited over 100,000 students globally. His expertise includes implementing ERP systems, developing financial planning processes, and utilizing data visualization tools to optimize hotel operations and performance. His post-COVID leadership demonstrates strong crisis management and business recovery capabilities. Through partnerships with platforms like Coursera and Alison, he extends his expertise as a course instructor, covering topics from hospitality finance to business strategies. His teaching methodology combines theoretical foundations with practical industry applications, focusing on innovation and lean management principles. His mission centers on empowering one million professionals in finance, business management, and technology, contributing to the advancement of the hospitality sector through education and strategic guidance.
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Frequently asked questions
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