Course Details
Fundamentals of Purchasing: The Building Blocks of World-Class Professionalism
Success in procurement begins with a solid understanding of supply management principles, sourcing strategies, supplier relationships and organizational value creation. This foundational course introduces the essential concepts and practices that help professionals become effective contributors from the start of their careers.
Participants explore core procurement disciplines, current supply chain challenges and proven techniques used by leading organizations. Through practical examples and actionable tools, this course provides the knowledge needed to perform confidently in procurement and supply management roles.
Recommended For
Procurement Professionals • Supply Chain Professionals • Buyers • Purchasing Specialists • Cross-Functional Business Partners
What You Will Learn
- Understand key procurement and supply management terminology and concepts
- Recognize procurement's contribution to organizational strategy and value creation
- Evaluate and improve supply management processes for greater effectiveness
- Leverage technology to enhance procurement performance and visibility
- Apply sourcing strategies across categories and spend classifications Implement supplier evaluation, selection and performance management practices
- Strengthen supplier relationship management capabilities
- Apply negotiation principles and tools to improve sourcing outcomes
- Use cost and price analysis techniques to support sourcing decisions
- Navigate ethical, legal and contractual considerations in supply management
Virtual Class Schedule:
Day 1 - 10:00 am ET - 1:30 pm ET (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET (3.5 hours)
Day 2 - 10:00 am ET - 1:30 pm ET (3.5 hours), Break for Lunch
Day 2 - 2:30 pm ET - 6:00 pm ET (3.5 hours)
Member Price: $1,395.00
VIRTUAL CLASS
Date
Nov 10-11, 2026
Location
Additional Information
Presenters
David Malone has over 30 years of management experience within municipal and Fortune 500 organizations, specializing in procurement, supply chain management and process improvement. His specialties include organizational design, talent acquisition, procurement system implementation, strategic sourcing, purchasing operations, supplier diversity, logistics management and travel management.
David is the founder and president of AcquireIQ, LLC a supply chain consulting and training company focused on helping organizations expand their procurement and supply chain value proposition through the optimization of people, process, and technology. David most recently served as Director of Procurement and Supply Management for the City of St Petersburg, FL and prior to that as Chief Procurement Officer for King County, Washington. He has served as the lead contracting officer and accounts payable leader for multiple organizations in both the public and private sectors. His responsibilities have included billions in annual purchases, including construction, technology, goods and services and he has delivered over $1 billion in savings via the strategic sourcing process for multiple entries. He has served as sponsor and leader of multiple Procurement Technology Modernizations, which includes the implementation of Oracle Procurement Cloud Applications as well as SAP Concur Travel system.
He has also served as the senior most procurement executive for Avery Dennison and US Cellular Corporations and as the Chief Procurement Officer for the City of Chicago from 2000 to 2004.
Other leadership roles include Director of Worldwide Procurement for R.R. Donnelley & Sons Company and Senior Vice President at Mesirow Financials real estate division. David has global business experience, having conducted business in multiple countries, and maintains active relationships within the procurement and supply chain community.
Terms And Conditions
Virtual Learning Transferals: Registrations are transferable without any charge to another ISM Virtual Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred. Any bundled purchases are non-refundable.
Cancellations Virtual Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation. Any bundled purchases are non-refundable.
Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.