ADVANCED PURCHASING AND COST SAVING TECHNIQUES
The purchasing department of an organisation is one of the most important departments as efficient practices within this department has a direct impact on the profits of the organisation. Purchasing is based on the fundamentals that goods are purchased at the best price and terms in order to deliver the best profit for the company.
This Advanced Purchasing and Cost Saving Techniques training course is intended to provide guidance to participants in the key function of purchasing and departmental cost saving and purchasing. The training course contents are up-to-date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area.
In this course, we will explore how to manage the various suppliers that are located away from your plant while achieving real cost savings. Furthermore, we will discover how the purchasing department fits in the total function of the supply chain operations. Lastly, we will cover how the purchasing department should be managed properly to achieve all of its KPIs.
By attending this Advanced Purchasing and Cost Saving Techniques training course, delegates will be able to:
v Define the strategic role of the purchasing department
v Perform accurate supplier evaluation
v Develop effective negotiation strategies with all suppliers
v Identify the importance of value analysis to purchasing
v Improve the efficiency of the purchasing function
The course is suitable for personnel from all industrial fields and different purchasing methods such as:
Buying, Purchasing, Procurement, Commercial, Tenders, Contracts, Finance Engineering, Projects, Construction, Public Sector
This program is targeting for those working for companies aim at achieving profits, minimizing costs and better managing their time such as:
v Senior buyers
v Purchasing supervisors
v Purchasing managers
v Professionals whose role involves negotiation with outside agencies
v Those who want to improve supplier performance
This practical and results-oriented training course is based on adult learning concept. It incorporates short inspiring lectures with structured lessons from the learning manual; captivating PowerPoint slides with videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.
The Strategic Function of Purchasing
v The Link of the Purchasing Function with the Organizational Strategy
v Creating a Purchasing Mission Statement
v Balancing Quality, Service, and Price
v Things Purchasing Should Strive For
v The importance of effective purchasing
v Understanding the Purchasing strategy
v The five steps of the Purchasing process
Supplier Evaluation and Negotiation
v Negotiating with Suppliers
v Power in Negotiation
v Planning for Negotiation
v Achieving the Right Agreements with Suppliers
v Factors Used to Evaluate Suppliers on Total Performance
v Ways of Promoting Good Supplier Relations
v Creating Suppliers as Good Partners
v Choosing the Right Suppliers
v What a good specification for goods and services looks like
v Defining needs and wants – Essential vs ‘nice to have’
v Who needs to develop and contribute to the specification?
v Important questions to ask when developing a specification
v Optimizing Purchasing Productivity
v Adding Value as a Purchasing Manager
Managing and Evaluating the Department Performance
v Centralization versus Decentralization
v Reasons for Departmental (Macro-Level) Performance Appraisal
v Managing Other Buyers
v Key Performance Indicators (KPIs) for Purchasing
Improving Purchasing Efficiency
v Internal Stakeholder Management
v Conducting the Right Surveys to Improve Performance
v Efficient Internal and External Communication
v Ethical Behavior with Suppliers and End Users
v Ethical Behavior within the Department
v Purchasing Policies and Procedures
TRAINING VENUE, LOGISTICS AND PAYMENT
v Training is residential and will be held at Afriex Training Centre.
v The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.
v Accommodation and airport transfer are arranged upon request by the participant.
v This training can also be tailor made for your institution upon request. You can have it delivered in our training Centre or at a convenient location.
v For further inquiries, please contact us on email@example.com
v Payment should be made to Afriex Training Limited bank account before the start of the training and receipts sent to firstname.lastname@example.org
v Upon successful completion of this training, participants will be issued with an Afriex Training Ltd certificate.