||This course provides an introduction to purchasing (industrial buying) and is offered in the second year of post secondary level business programs at Centennial College. It focuses on procurement of materials and reducing total costs. The course deals with the role of a buyer in an organization, developing purchasing policies and procedures, describing product quality, developing procurement plans, negotiating prices, and developing good supplier relationships. Students will also learn how to reduce material costs by applying Value Analysis techniques. Institutional purchasing and buying services are briefly mentioned.