About this Course
The Effective Purchasing Practices course is designed to provide a comprehensive understanding of the purchasing process, from identifying the need for goods or services to monitoring supplier performance. The course will cover the importance of purchasing for organizations and the changing functions of purchasing in today’s business environment. You will learn about the process for effective purchasing, including researching potential suppliers, negotiating contracts, and creating a purchasing strategy that aligns with the organization’s overall goals and objectives. By the end of this course, you will have the knowledge and skills necessary to effectively manage the purchasing process for your organization.
This specialized digital course comprises 5 sections that cover important topics on Importance of Purchasing for Organizations; The Changing Functions of Purchasing; The Process for Effective Purchasing; The Procedures for Accountability and The Electronic Procurement System. An average learner requires a duration of about 18 hours to complete this specialized course successfully.
This course is jointly developed by Singapore Institute of Purchasing and Materials Management (SIPMM), and Logistics Institute of Singapore, with industry advisory from global providers and organizations that provide career pathways and job specifications for skills upgrading and mastery.
Who should Enroll
This course is designed for professionals in the field of purchasing, procurement, supply chain management, and related areas who are responsible for acquiring goods and services for their organization. It is also suitable for individuals who are looking to enter these fields, as well as managers and executives who have a responsibility for overseeing the purchasing process. The course is also helpful for those who are interested in learning about best practices for purchasing and how to improve their organization’s bottom line through effective purchasing.
This course is designed for a wide range of professionals including but not limited to:
- Purchasing managers
- Procurement specialists
- Supply chain managers
- Inventory managers
- Logistics professionals
- Operations managers
- Financial professionals
- Business administrators
- Project managers
- Small business owners
Anyone who is interested in understanding how organizations acquire goods and services, and how to improve the efficiency and effectiveness of the purchasing process, would also benefit from this course.
Attaining a Competency Certificate
Towards the end of the course, a learner will complete a 30-minute online examination, that comprises 25 multiple-choice questions. When the learner attains a minimum score of 80% for the online examination, the learner will attain a Certificate of Competency in Effective Purchasing Practices. This specialized Certificate of Competency is awarded by Singapore Institute of Purchasing and Materials Management (SIPMM) and is accredited by Logistics Institute of Singapore.
Attaining an Accredited Designation Award
Upon successfully attaining three (3) Competency Certificates, and maintaining an active membership with either SIPMM or the Logistics Institute of Singapore, a learner can qualify for the prestigious title of Accredited Sustainability Professional (Procurement). For further details and a comprehensive understanding of the accreditation process, we encourage you to visit the official website at https://sipmm.edu.sg/asp/.
Start your Learning Today
Flexible Online Self-Learning
Relevant and Up-to-date Course Videos
Graded Online Examination
For more information about the course, certification, and accreditation, please send an enquiry to [email protected].
|Introduction : Effective Purchasing Practices||Preview||00:04:00|
|Section 1 : Importance of Purchasing for Organizations||00:20:00|
|Section 2 : The Changing Functions of Purchasing||00:20:00|
|Section 3 : The Process for Effective Purchasing||00:21:00|
|Section 4 : The Procedures for Accountability||00:21:00|
|Section 5 : The Electronic Procurement System||00:21:00|
|Online Exam : Effective Purchasing Practices||00:30:00|