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Course Details

Purchasing Guidebook (Course Id 798)

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Author : Steven Bragg, CPA
Status : Production
CPE Credits : 14.0
IRS Credits : 0
Price : $117.95
Passing Score : 70%
NASBA Technical: No
Primary Subject-Field Of Study:

Production - Production for Course Id 798

Description :

This course reveals how the purchasing department’s performance can be fine-tuned, focusing on supplier selection and management, the competitive bidding process, negotiations, and contract management. The course also addresses the many ways in which purchasing can be used to control costs in the areas of inventory management, logistics, and quality, while also providing the financial tools to improve a number of purchasing decisions.

Usage Rank : 0
Release : 2015
Version : 1.0
Prerequisites : None
Experience Level : Overview
Additional Contents : Complete, no additional material needed
Additional Links :
Advance Preparation : None
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE)
Revision Date : 12-Jun-2015
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 798

Keywords : Production, Purchasing, Guidebook, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    • Recognize the reporting relationships for a purchasing department, how the role of the department changes in a multi-division environment, and the purchasing manager’s responsibilities related to ethics.
    • Note the process flows related to requisitions, purchase orders, and competitive bidding.
    • Cite the methods available for rolling out a procurement card system.
    • Note the considerations and criteria involved in supplier selection.
    • Cite the methods used to attend to supplier needs, and recognize the contents of a supplier scorecard.
    • State the circumstances under which competitive bidding should be used, the types of supplier qualifications, and when a reverse auction might be a viable option.
    • Identify the situations in which negotiations may be needed, the types of positions that may be taken, and the characteristics of a successful negotiator.
    • Identify the types of clauses that may be included in a contract with a supplier, and the key differences between a contract and a purchase order.
    • Note the costs associated with inventory, how inventory record accuracy can be improved, and how to mitigate the effects of a supply chain bottleneck.
    • Recognize the different types of shipping terms, logistics performance goals, and characteristics of the different types of transport.
    • Identify the uses to which a spend management system can be put, how it is used, and the expected outcome of a spend compliance program.
    • Define the concept of quality, identify the goals of six sigma, and note how a corrective action process is used.
    • Recognize the pricing systems used by suppliers, and how a target costing system works.
    • Note the key points in a leasing agreement to negotiate, the advantages of using leases, the methods for improving the financial results of a business, and how to improve the learning curve experienced by suppliers.
    • Identify the circumstances under which a supplier is more likely to accept a supply chain financing offer.
    • Note the measurements to use when attempting to reduce purchase orders and suppliers, and to emphasize the use of certified suppliers.
    • Cite the components of a material requirements planning system, and the types of electronic notifications that can be provided to a buyer by a seller.

Chapter 1
Overview of Purchasing

Recognize the reporting relationships for a purchasing department, how the role of the department changes in a multi-division environment, and the purchasing manager’s responsibilities related to ethics.

Chapter 2
Purchasing Processes

Note the process flows related to requisitions, purchase orders, and competitive bidding.

Chapter 3
Procurement Cards

Cite the methods available for rolling out a procurement card system.

Chapter 4
Supplier Selection

Note the considerations and criteria involved in supplier selection.

Chapter 5
Supplier Management

Cite the methods used to attend to supplier needs, and recognize the contents of a supplier scorecard.

Chapter 6
Competitive Bidding

State the circumstances under which competitive bidding should be used, the types of supplier qualifications, and when a reverse auction might be a viable option.

Chapter 7
Supplier Negotiations

Identify the situations in which negotiations may be needed, the types of positions that may be taken, and the characteristics of a successful negotiator.

Chapter 8
Contract Management

Identify the types of clauses that may be included in a contract with a supplier, and the key differences between a contract and a purchase order.

Chapter 9
Inventory Management Issues

Note the costs associated with inventory, how inventory record accuracy can be improved, and how to mitigate the effects of a supply chain bottleneck.

Chapter 10
Logistics

Recognize the different types of shipping terms, logistics performance goals, and characteristics of the different types of transport.

Chapter 11
Spend Management

Identify the uses to which a spend management system can be put, how it is used, and the expected outcome of a spend compliance program.

Chapter 12
Quality Management

Define the concept of quality, identify the goals of six sigma, and note how a corrective action process is used.

Chapter 13
Cost Management

Recognize the pricing systems used by suppliers, and how a target costing system works.

Chapter 14
Purchasing Financial Analysis

Note the key points in a leasing agreement to negotiate, the advantages of using leases, the methods for improving the financial results of a business, and how to improve the learning curve experienced by suppliers.

Chapter 15
Supply Chain Financing

Identify the circumstances under which a supplier is more likely to accept a supply chain financing offer.

Chapter 16
Purchasing Measurements

Note the measurements to use when attempting to reduce purchase orders and suppliers, and to emphasize the use of certified suppliers.

Chapter 17
Applicable Information Technology

Cite the components of a material requirements planning system, and the types of electronic notifications that can be provided to a buyer by a seller.
Course Contents :

Chapter 1 - Overview of Purchasing

The Purchasing Function

Purchasing within the Organization

The Supply Chain

Purchasing Planning

Reactive Purchasing

System-Generated Purchasing

Proactive Purchasing

Summary of Purchasing Planning

Purchasing Positions

Purchasing Manager

Buyer

Supply Chain Inventory Planner

Purchasing Department Relations

Purchasing Ethics

Chapter 2 - Purchasing Processes

Purchasing Objectives

Purchase Notification Alternatives

The Purchase Requisition

The Statement of Work

Automated Materials Orders

Manual Reorder Point Notifications

Purchase Order Issuance Procedure

Variations on the Purchasing Procedure

The Bidding Procedure

E-Procurement

Chapter 3 - Procurement Cards

When and How to Use Procurement Cards

Additional Procurement Card Topics

Card Issuer Relations

Card Rebates

Cash Flow Management

Card User Relations

Departure of Card Users

International Purchases

Chapter 4 - Supplier Selection

Overview of Supplier Selection

General Considerations

When to Conduct a Supplier Selection

Locating Suppliers

Supplier Selection Criteria

Mandated Suppliers

Selection Rigor

Selection Criteria

Supplier Financial Analysis

Supplier Capability Analysis

Supplier Responsiveness Analysis

Other Analysis Issues

Site Visits

Supplier Scoring

Preferred Suppliers

Summary

Chapter 5 - Supplier Management

Commodity Strategy

Supplier Relations

Attending to Supplier Needs

The Supplier Scorecard

Supplier Performance Index

Other Supplier Monitoring Systems

Supply Chain Improvement

Supplier Risk Management

The Maverick Supplier

Chapter 6 - Competitive Bidding

When to Use Competitive Bidding

Types of Bidding Requests

Third-Party Assistance

Contents of a Bid Package

Locating Suppliers

The Bidding Process Flow

Handling Inquiries

Handling Complaints

Reverse Auctions

Unethical Supplier Bidding Practices

Chapter 7 - Supplier Negotiations

The Need for Negotiations

The Negotiation Team

Initial Positions

Negotiation Tactics

Negotiation Sessions

Negotiator Characteristics

Negotiation Topics

Negotiation Considerations

Negotiation Failures

Negotiation Follow Up

Chapter 8 - Contract Management

Contract Terms and Conditions

Commercial Terms

The Employee or Contractor Designation

Contract Pricing Arrangements

Firm Fixed Price

Fixed Price with Adjustments

Cost plus Pricing

Time and Materials Pricing

Summary of Pricing Arrangements

Contract Templates

Duration-Based Contractual Issues

Contract Approval Process

Contracts and Purchase Orders

Change Order Management

Contractual Disputes

Document Retention

Chapter 9 - Inventory Management Issues

Types of Inventory

Excessive Inventory Issues

Inventory Record Accuracy

Operating with Reduced Inventory

Basic Inventory Reduction Activities

Advanced Inventory Reduction Activities

A Reduced-Inventory Environment for Suppliers

Bottlenecks in the Supply Chain

Reasons to Retain Some Inventory

Other Inventory Best Practices for Suppliers

Supplier Lead Times

The Total Inventory Concept

Downstream Postponement

Suppliers Own On-Site Inventory

Suppliers Pre-Configure Goods

Parts Standardization

Design for Broad Tolerance

Design around Limited Availability Components

Design around Lifetime Buy Decisions

Advance Material Purchase Issues

Obsolete Inventory Disposal

Chapter 10 - Logistics

Purchasing Responsibilities

Free on Board Shipping Terms

FOB Destination

FOB Shipping Point

Creating a Logistics System

Transportation Brokers

Just-in-Time Deliveries

Additional Logistics Topics

Chapter 11 - Spend Management

The Spend Database

Spend Management Activities

Spend Compliance

Implications of Spend Management

Rollout of Spend Management

Chapter 12 - Quality Management

Quality from a Supplier’s Perspective

Quality from the Company’s Perspective

Quality Costs

Quality Improvement Considerations

Six Sigma

International Quality Standards

The Quality Message to Impart

Chapter 13 - Cost Management

Types of Analysis

Commodity Cost Management

Price Analysis

Supply and Demand

Supplier Pricing Strategies

Volume Discounts

Contract Duration

Materials Sourcing Considerations

Unique Product and High Value-Added Cost Management

Target Costing

The Basic Steps of Target Costing

Value Engineering Considerations

The Cost Reduction Program

The Milestone Review Process

Problems with Target Costing

The Members of a Design Team

Data Sources for Target Costing

The Product Life Cycle and Target Costing

Target Costing Summary

Inter-Entity Price Reductions

Maintenance, Repair, and Operations Cost Management

Product Recycling

Cost Management Failures

Chapter 14 - Purchasing Financial Analysis

The Lease or Buy Decision

Leasing Concerns

Leasing Advantages

The Lease or Buy Decision

The Outsourcing Decision

Learning Curve Analysis

Quantity Discount Analysis

Early Payment Discounting

Chapter 15 - Supply Chain Financing

Supply Chain Financing

Chapter 16 - Purchasing Measurements

Overview of Purchasing Measurements

Cost Change

Proportion of Purchase Orders above Threshold

Procurement Card Usage Percentage

Proportion of Spend Managed

Proportion of Spend with Preferred Suppliers

Proportion of Certified Suppliers

Supplier Performance Measurements

Supplier Fulfillment Rate

Supplier Defect Rate

Supplier Billed Price Variance

Perfect Order Percentage

Premium Transportation Charges

Proportion of Targeted Inventory Dispositioned

General Management Measurements

Negative Effects of Measurements

Chapter 17 - Applicable Information Technology

Enterprise Resource Planning (ERP)

Supplier Relationship Management (SRM)

Dependent Demand Reordering Systems

Warehouse Management System

Distribution Requirements Planning

Advance Shipping Notices

Backflushing

Electronic Catalogs

Electronic Requisitions

Electronic Tools

Inventory Data Collection Methods

The Customized Systems Conundrum

Impact of information Technology on Purchasing

Glossary

Production Course 798 Home: https://www.cpethink.com/cpe-for-cpas
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