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Advanced Purchasing and Cost Saving Techniques

Program Objectives:

By the end of the program, participants will be able to:

  • Understand the strategic role of the purchasing department.
  • Perform accurate supplier evaluation.
  • 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.
  • This Program is designed for:

    Senior buyers, purchasing supervisors, purchasing managers and other managers who need to understand purchasing management.

    Program Outline:

    The Strategic Function of Purchasing
    Value Analysis
  • The Link of the Purchasing Function with the Organizational Strategy
  • Creating a Purchasing Mission Statement
  • Understanding the Concerns of Senior
    Management
  • Balancing Quality, Service and Price
  • Things Purchasing Should Strive for
  • Type O Purchasing Manager
  • Type S Purchasing Manager
  • 16 Key Strategic Questions to Ask
  • Optimizing Purchasing Productivity
  • Adding Value as a Purchasing Manager
  • Managing and Evaluating the
    DepartmentPerformance
  • Centralization versus Decentralization
  • Reasons for Departmental (Macro-level)
    Performance Appraisal
  • Key Performance Indicators (KPIs) for Purchasing
  • Supplier Evaluation Improving Purchasing Efficiency
  • Negotiating with Suppliers
  • Power in Negotiation
  • Planning for Negotiation
  • Factors Used to Evaluate Suppliers on
    Total Performance
  • Ways of Promoting Good Supplier Relations
  • Creating Suppliers as Good Partners
  • Choosing the Right Suppliers
  • Evaluating Service to End Users
  • Conducting the Right Surveys
  • Training the Staff
  • Ethical Behavior
  • Purchasing Policies and Procedures
  •  
    Inventory Management
  • ABC Analysis
  • Controlling the Budget
  • Pre-requisites

    None:
    Duration : 2 days

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