Purchasing Management and Cost Saving Techniques
5 DaysPurchasing Management and Cost Saving Techniques
Course Methodology
This course uses a mixture of interactive learning tools such as round table discussions, role playing, case studies, individual and team exercises.
Course Objectives
By the end of the course, participants will be able to:
- Establish the strategic role of the purchasing department, and develop the purchasing mission statement
- Develop effective negotiation strategies and supplier evaluations
- Perform value analysis in purchasing
- Evaluate the performance of the department using proper Key Performance Indicators (KPIs)
- Improve the efficiency of the purchasing department, and understand ethical practices in purchasing
Target Audience
Buyers, senior buyers, purchasing supervisors, purchasing managers and all other personnel who need to understand the purchasing function.
Target Competencies
- Defining strategic purchasing operations
- Performing value analysis
- Managing procurement functions
- Leading effective negotiations
- Evaluating competing suppliers
- Conducting ethical practices in purchasing
Course Outline
- The strategic function of purchasing
- Intro to Supply Chains
- The link between the purchasing function and organizational strategy
- Creating a purchasing mission statement
- Matching the purchasing mission with the company's mission
- Writing the department's objectives
- Balancing quality, service and price
- Evolution in Strategies for Purchasing
- Supplier evaluation and negotiation
- Negotiating with suppliers
- Planning for negotiation
- Negotiation tactics
- Tendering process
- Choosing the right suppliers
- Value analysis
- The value analysis approach
- 16 key strategic questions to ask
- How the 16 questions will reduce total cost
- Commodity groups
- Adding value as a purchasing manager
- Managing and evaluating the department performance
- Reasons for departmental performance appraisal
- Managing other buyers
- Continuous development for the buyers
- Management by objectives
- Key Performance Indicators for purchasing
- Choosing the right KPIs for purchasing
- Improving purchasing efficiency
- Evaluating service to end users
- Conducting the right surveys
- Ethical behavior with suppliers, end users, and within department
- Purchasing policies and procedures
- Training the staff
Mawred Certificate
Mawred Certificate courses by Al mawred Training & Consulting are designed for those willing to challenge themselves and go the extra distance...
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Classroom Schedule
Virtual Schedule
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