Strategic Purchasing and Supply Management

By the end of this training course participants will be able to:

• Set strategies for procurement
• Build a distinctive capability in strategic purchasing
• Evaluate purchasing key liaison role between external suppliers and internal organizational customers
• Improve profitability by controlling total costs
• Examine sustainable competitive advantage by enabling a firm to build and Leverage beneficial inter-organizational relationships

CONTENT

Amongst a wide range of valuable topics, the following will be prioritised:

• Becoming more strategic in procurement
• Developing the Spend analysis
• The ABC analysis
• Supplier portfolio Management
• Categorization of Products and Services
• Understanding Price and Cost Analysis
• Developing the Organization’s purchase price index
• Changing Supply Management
• Defining Total Cost of Ownership
• Total Cost Modelling of the Supply Chain

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.