Course Description
There are a lot of factors involved in deciding on choosing a supplier. Same goes for deciding on the type of purchasing communication that best befits a certain situation. This module will give you a quick run-down of both. You'll learn about the different communication types and what situations they befit, and the specific factors involved in choosing a supplier.
Learning Objectives:
- Know what factors are involved in deciding on a supplier
- Learn the difference between lead time and on-time delivery
- Understand the types of purchasing communications, including formal, informal and primary
Skills You Will Learn
- Procurement Management
- Purchasing Management
- Supplier Development
- Supplier Management
- Supplier Identification And Selection
- Supplier Evaluation
What You'll Learn
- Identify the factors involved in choosing a supplier
- Distinguish between lead time and on-time delivery
- Compare the types of purchasing communications, including formal, informal, and primary
- Match each purchasing communication type to the situations it best suits
- Apply supplier selection considerations to real purchasing decisions
Key Takeaways
- Many factors are involved in deciding on which supplier to choose.
- Lead time and on-time delivery are distinct concepts that differ from each other.
- Purchasing communications come in different types, including formal, informal, and primary.
- Different communication types are suited to different purchasing situations.
- Selecting a supplier and choosing the right purchasing communication both depend on the specific situation.
Frequently Asked Questions
What does this course cover?
This module gives a quick run-down of choosing a supplier and selecting the type of purchasing communication that best fits a situation. It covers the different communication types and the situations they suit, plus the specific factors involved in choosing a supplier.
What skills will I gain from this course?
The course builds skills in procurement management, purchasing management, supplier development, supplier management, supplier identification and selection, and supplier evaluation.
What lessons are included?
The course includes three lessons: Choosing Suppliers, Purchasing Communications, and Test Your Knowledge.
Will I learn the difference between lead time and on-time delivery?
Yes. One of the learning objectives is to learn the difference between lead time and on-time delivery.
What types of purchasing communications does the course explain?
The course covers the types of purchasing communications, including formal, informal, and primary.
