Understanding contract requirements

What key insights does an operative buyer require from a tactical buyer for effective performance? This is a pivotal question that underscores the interconnected roles in procurement.

Welcome to the third and final installment of our basic course series on operative procurement processes. This course zeroes in on the critical aspects of contract formulation that every operative buyer should know to set the stage for successful Purchase Order (PO) placement and effective supply chain management. It's an essential course for all buyers engaged in the process of contracting suppliers.


Course Highlights:

  • Contract Essentials for Operative Buyers: Discover what operative buyers need to include in contracts with their chosen suppliers. These key elements ensure you have the necessary groundwork in place when you issue a Purchase Order.
  • Understanding Purchase Orders: Delve into the specifics of a Purchase Order (PO), a vital, formally approved document sent by a buyer to a supplier. Learn the intricacies of how a PO functions as a crucial component in the procurement process.


This course is tailored to provide practical knowledge and tools for buyers at all levels involved in supplier contracting. By the end of this course, you will have a clear understanding of the critical contract requirements needed to facilitate efficient and effective procurement processes. Join us to complete your foundational journey in operative procurement.


Curriculum

    1. Learning Objectives

      FREE PREVIEW

    1. Content of a PO

    1. Download Powerpoint slides presented in the course.

    2. General Terms and Conditions and Frame Purchase Agreement.

    1. The chapter discuss what need to be agreed with the supplier in order to make the most of a forecast and being able to place a PO.

    1. What shall be agreed with the supplier to assure flexibility in your supply chain.

    1. When discrepancies occur, how to we assure they are managed in an effective way and assure they do not happen again.

About this course

  • €29,00
  • 13 lessons
  • Basic level
  • Operative buyer role
  • Quizz and Certificate

Meet the instructor.

Senior instructor. Fredrik Axelsson

Meet Fredrik, a seasoned procurement professional from Gothenburg, Sweden, with a Master's in Economics from Gothenburg University and an Executive MBA from Stockholm Business School. With roles at LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB, and Alstom/GE, Fredrik has amassed expertise in sourcing and procurement. In 2017, he launched Sourcing Partner, a procurement consultancy firm how also own and manage Learn How to Source. Fredrik's diverse experience spans from Operative Buyer to Sourcing Director and roles like Commodity Manager and Business Development, in line organizations and projects, including industries like banking and manufacturing. Fredrik's story is one of continuous growth, learning, and adaptation, making him a well-rounded professional with a wealth of knowledge to offer.

General Terms and Conditions

Next recommended course is about Terms and Conditions

Both the tactical and the operative buyer need to understand, and preferable be able to write, your organizations General Terms and Conditions (GT&C) in order manage the commercial risk. Let us study some real examples.
Visit course about GT&Cs

About Learn How to Source

Learn How to Source is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.