Jun 23, 2024  
2022-2023 College Catalog 
2022-2023 College Catalog [ARCHIVED CATALOG]

LGM 107 - Introduction to Purchasing

3 Credits, 3 Contact Hours
3 lecture periods 0 lab periods

Survey of basic purchasing functions. Includes establishing requirements and quantities, developing policies and procedures for purchasing, making purchasing decisions, receiving acceptable goods, arranging packaging and shipping, and managing inventory levels.

  button image Prior Learning and link to PLA webpage

Course Learning Outcomes
  1. Formulate requirements and quantities.
  2. Explain purchasing policies and procedures.
  3. Formulate purchasing decisions.
  4. Describe the complete purchasing process.
  5. Calculate and analyze inventory levels.

  1. Make versus Buy
  2. Scope and Objective of Purchasing
  3. Establishing Requirements and Quantities
  4. Total Landed Cost Concept
  5. Purchasing Policies and Procedures
  1. Types of purchase orders
  2. Completing purchase order forms
  3. Distribution of purchase order copies
  4. Change notices
  5. Letters of credit
    1. Decision Making for Purchasing
    2. Measuring Acceptable Deliveries
  1. On time deliveries
  2. Number of exceptions at delivery
  3. Condition of freight upon delivery
    1. Packaging and Shipping
    2. Managing Inventory Levels
    3. Vendor Selection Criteria
    4. Vendor Score Card