SMT - Procurement

Course Code:

Formerly titled: Introduction to Procurement

From recognizing a need to issuing a purchase order, learn the essentials of determining quantity, specifications and price that are the cornerstone of procurement. Scenarios covered: repetitive purchases of production materials; procuring one-time low-cost items; large capital goods acquisition and securing commodities under long-term supply contracts. Discuss the opportunities and challenges of international procurement versus domestic. Gain a broad understanding of the role of procurement and the various ways it can be organized.

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