Buying Success: The Procurement Role in Long Term Profitability - eLearning

Establishing a strong procurement process can improve profitability as well as improving relationships with suppliers and clients. As an accountant you play a crucial role in this process.

In this course, you will find out what makes a good procurement process. It will help you establish and maintain strong relationships with your suppliers and ensure you have the appropriate procurement documents. You'll learn how to successfully negotiate at different stages of the procurement process and understand why constantly reviewing the process is important for profitability.

Upon satisfactory completion of this activity you will be able to:

• Ensure that your procurement processes maximise your long-term profitability.
• Understand the procurement process and your role within it.
• Build and maintain strong supplier relationships.
• Ensure you have the correct documents for each stage of the procurement process.
• Apply the skills for successful negotiations and understand why this is a crucial process.
• Understand the role of power and some of the key issues that can arise during the negotiation process.

Benefits:
Acquire best practice procurement skills for improved profitability for our organisation.