Purchasing and Inventory Management
  • Type Validation
  • Level Intermediate
  • Time Months
  • Cost Paid
Additional Details

Purchasing and Inventory Management

Issued by Northeastern State University

Students explore purchasing and inventory management decision making in an international economy with a focus on inventory control, management, including service level issues, and purchasing strategies. Badge earners must complete the following course: SCM 3553 - Purchasing, and Inventory Management

  • Type Validation
  • Level Intermediate
  • Time Months
  • Cost Paid
Additional Details

Skills

Earning Criteria

  • Completion of relevant coursework in a formal classroom environment. Instructional strategies include: audio visual materials, discussion, computer-based training, practical exercises, lectures.
  • SLO 1. Discuss in detail the evolution of purchasing through procurement
  • SLO 2. Demonstrate in-depth knowledge of the procurement cycle and purchasing cycle
  • SLO 3. Understand the role of procurement in an organization
  • SLO 4. Identify needs in purchasing, plan a schedule and issue a purchasing order
  • SLO 5. List the different elements of the purchasing and procurement toolkit
  • SLO 6. Build positive relationships with suppliers and identify the stages of supplier integration
  • SLO 7. Use a range of risk identification techniques when overseeing the procurement process
  • SLO 8. Test for quality control and reliability, and evaluate supplier performance
  • SLO 9. Demonstrate excellent knowledge of the principles of inventory management