CERTIFICATE IN PURCHASING PRACTICES

  • The buying function is a vital element in the operations of businesses and contributes substantially to profitability. 
  • The Programme in Purchasing Practices is an introductory course for learners wishing to embark on a career in purchasing. The course concentrates on basic purchasing principles and stresses the importance of purchasing and its status within the business enterprise. Instruction is highly participative, with the emphasis on case studies and group work.
  • Our Training Facilitators are experienced senior managers within the purchasing profession. 

 

Duration

3 days full-time (weekdays) or 8 weeks part-time (Saturday mornings) or 2-12 months by distance learning. The average learner will need approximately 96 hours (10 notional credits), consisting of 32 hours of tuition and 68 hours for readings and assignments, to successfully complete the programme.

Assessment

8 written assignments (one following the completion of each learning module) and 1 final written examination. 

Accreditation

The aforementioned course is fully accredited by the Merseta with accreditation number 17-QA/ACC/0724/12  

Course Objectives

  1. Introduce learners to the world of purchasing and supply management 
  2. Make learners aware of the profit maximization and cost saving potential of purchasing.
  3. Allow learners to acquire the basic principles and practices of modern purchasing techniques. 

Course Content

  1. Importance of Purchasing: History of purchasing; Responsibilities; Profit making potential; Organisation of purchasing; Buying in recessional times. 
  2. Ethical Considerations: Ethical standards; Purchasing obligations; Buyer-seller relationships; Gifts and gratuities; Reciprocal trading. 
  3. Legal Aspects of Purchasing: General principles of the Law of Contract; Breach of contract; Contract of sale; Law of Agency; Purchase orders and contracts. 
  4. Purchasing Procedures: Basic purchasing policies; Definition and use of purchasing procedures; The purchasing cycle.
  5. The Requisition: Where from and why; Functions of holding stock; Categorisation of store items; Stores classification; ABC analysis; EOQ; Re-order points; Safety stock. 
  6. The Order: Sourcing and supplier selection; Supplier evaluation; When and how to order; Small order problems; Expediting and follow-up.
  7. Negotiation: Nature of negotiation; Scope and planning of negotiation; When to negotiate; Analysing and negotiating purchase prices; Costing and estimating; Cost reduction 
  8. Purchasing Techniques: Make or buy analysis; Leasing, hire or purchase; Value analysis; Capital equipment purchase; Return on investment; Combating shortage of supply; Defining importation.

Further information regarding latest course dates for full-time and part-time enrolment, course fees, enrolment forms and any other queries, please contact: 

Cape Town: 021 855 2693

Johannesburg : 011 865 5443

The content of this brochure, accurate at time of going to print, is subject to change without notification due to legislation, market requirements or any other reason. Due to legislative action pending at the time of print, the terms “Programme”, “Diploma” and “Advanced Diploma” may require alteration due to Government requirement. PSM College reserves the right to change the course content without notice.