Purchasing is a managerial process that goes far beyond simply buying materials. It includes effective planning and policy procedures that cover a wide range of related activities. In a typical manufacturing organization on an average 55% of all revenue goes to suppliers of goods and services. An organization’s profit is thus, to a large extent, determined by how effectively it procures and manages procurement process. This training is designed to present the fundamental as well as advanced emerging concepts that represent today the most professional approach to organizational purchasing process.