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Selecting Suppliers in Purchasing

To get the best sources of supply

To get the best sources of supply for their needs, buyers often make choices from a number of equally eligible sources. An extensive search may be required in order to find a satisfactory supplier or even to develop a new source if needed.

This short course gives you an introduction to the stages in the actual process of source selection.

Objectives: The purpose of the course is to provide an introduction to the stages in the actual process of source selection required for buying materials, components and services.

Level: Supplementary, you should have worked in the area for some time.

Training Method: Selecting Suppliers in Purchasing is a Module course and is studied over the internet via our e-learning platform Instant education. Read more about the training method here.

Course Length:Approximately 4 hours active study time.

Price: 70 EURO / student
78 USD / student

Prices excluding VAT.
For large-scale education projects request quotation.

Online price:

55 EURO / student
61 USD / student

Prices excluding VAT.

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Course contents:

Purchasing Objectives
The purchasing department is responsible for establishing the flow of materials into the company, following up with the supplier and expediting delivery.

Selecting Suppliers
The objective of purchasing is to get all the right things together including the right supplier.

Survey Stage
The original survey of potential sources should overlook no possibilities.

Inquiry Stage
The inquiry stage involves pre-qualification of potential sources.

Sourcing Alternatives
The buyer usually wishes to establish alternative sources for the products that are to be bought.

Number of Suppliers
There is a trend to reduction in number of suppliers.

Factors in Selecting Suppliers
There are several factors in selecting a supplier.

Final Selection of Supplier
Some factors in evaluating potential suppliers are quantitative and others are qualitative.

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