Learn the fundamental principles of supply chain management, purchasing and contracting. This program will cover the fundamental principles of the purchasing process, including purchasing efficiency and organization; aspects of the supply chain environment; relationships that exist between purchasing, vendor selection, supply sourcing, and technology; fundamentals of the budgeting process and how to prepare and manage a budget; fundamental principles that determine how suppliers are chosen throughout the phases of the procurement process; phases of the contracting process, along with purchase orders and supplier contracts; the decision-making processes involved in vendor contracting; and a broad range of techniques used in evaluating pricing and costing.