Advanced Purchasing and Cost Saving Techniques

• • Understand the Strategic Role of the Purchasing Department
  • Perform accurate Supplier Evaluation
  • Identify the Importance of value analysis to Purchasing
  • Evaluate the Performance of the Department using Proper KPIs
  • Improve the Efficiency of the Purchasing function

Content

The Strategic Function of Purchasing

• Creating a Purchasing Mission Statement
• Understanding the Concerns of Senior Management
• Balancing Quality, Service and Price
• Things Purchasing Should Strive for
• Types of Purchasing Manager

Supplier Evaluation

• Negotiating with suppliers
• Power in Negotiation
• Planning for Negotiation
• Factors used to Evaluate Suppliers
• Ways of Promoting Good Supplier Relations
• Creating Suppliers as Good Partners
• Choosing the Right Suppliers

Inventory Management

• ABC Analysis
• Controlling the Budget
• VALUE Analysis
• Optimizing Purchasing Productivity
• Adding Value as a Purchasing Manager

Managing and evaluating the Department performance

• Centralization versus decentralization
• Reasons for Departmental Performance Appraisal
• Key Performance Indicators (KPIs) for purchasing

Improving Purchasing Efficiency

• Evaluating Service to End Users
• Conducting the Right Surveys
• Training the Staff
• Ethical Behavior
• Purchasing Policies and Procedures

FOR WHOM:

Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.