Qualification 378013 08:45 – 16-30 COURSE OUTLINE WHO WOULD BENEFIT? This programme will be beneficial for people working in the manufacturing environment who need to know about purchasing and the various relationships associated with it. They also need to know about and apply supplier selection processes and the functional relationships which are part of the purchasing cycle. Key Learning Outcomes Purchasing and explain its role in a manufacturing environment • The concept of purchasing • The objectives of purchasing • The buyer in a manufacturing company and their role in the manufacturing environment • The need for purchasing The functional relationships which are part of the purchasing process • The relationship between Purchasing and Design • The relationship between Purchasing and Production • The relationship between Sales and Marketing • The relationship between Purchasing and Finance Apply the supplier selection process • The selection process for suitable suppliers • Sole supplier and a single source supplier and their differences • Factors in selecting suppliers according to their characteristics • The selection process is implemented The ordering and purchasing cycle • The ordering and purchasing cycle • Primary considerations for selection • The purchase requisition document • The price of goods/materials is calculated • Supplier capacity is assessed Implement the purchasing cycle • The purchase order • Placing orders • Types of orders (purchase order, blanket order and standing order) • The importance of purchasing control and follow up • Order receipts and receiving of incoming goods • Settling of a supplier's invoice (Receiving invoices, authorization of payment and making payment)