Course Schedule

Advanced Purchasing and Cost Saving Techniques

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Code Course Title Venue Date Fees Join Now
MM13 Advanced Purchasing and Cost Saving Techniques Dubai - UAE, 20190414 14 - 18 Apr 2019 $3,750 Register
MM13 Advanced Purchasing and Cost Saving Techniques London - UK, 20190617 17 - 21 Jun 2019 $4,750 Register
MM13 Advanced Purchasing and Cost Saving Techniques Dubai - UAE, 20191013 13 - 17 Oct 2019 $3,750 Register
MM13 Advanced Purchasing and Cost Saving Techniques Dubai - UAE, 20191215 15 - 19 Dec 2019 $3,750 Register

COURSE OVERVIEW

Purchasing is renowned as having a significant impact on the bottom line of the organization. Purchasing is becoming a core competency of the firm, finding and developing suppliers and bringing in expertise that is highly valued by the organization.

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.

LEARNING OBJECTIVES

By attending this Advanced Purchasing and Cost Saving Techniques training course, delegates will be able to:

  • Define the strategic role of the purchasing department
  • Perform accurate supplier evaluation
  • Develop effective negotiation strategies with all suppliers
  • Identify the importance of value analysis to purchasing
  • Improve the efficiency of the purchasing function

TARGET AUDIENCE

This intensive 5-day training course on Advanced Purchasing and Cost Saving Techniques 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:

  • Buyers
  • Senior buyers
  • Purchasing supervisors
  • Purchasing managers
  • Professionals whose role involves negotiation with outside agencies
  • Those who want to improve supplier performance

TRAINING METHODOLOGY

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.

Pre & Post course assessments will be used to measure the effectiveness of this training.

COURSE CONTENTS

DAY 1 –The Strategic Function of Purchasing

  • KeyTopics:

    • Pre-Test
    • The Link of the Purchasing Function with the Organizational Strategy
    • Creating a Purchasing Mission Statement
    • Balancing Quality, Service, and Price
    • Things Purchasing Should Strive For
    • The importance of effective purchasing
    • Understanding the Purchasing strategy
    • The five steps of the Purchasing process

DAY 2 – Supplier Evaluation and Negotiation

  • KeyTopics:

    • Negotiating with Suppliers
    • Power in Negotiation
    • Planning for Negotiation
    • Achieving the Right Agreements with Suppliers
    • Factors Used to Evaluate Suppliers on Total Performance
    • Ways of Promoting Good Supplier Relations
    • Creating Suppliers as Good Partners
    • Choosing the Right Suppliers

DAY 3 – Value Analysis

  • KeyTopics:

    • What a good specification for goods and services looks like
    • Defining needs and wants – Essential vs ‘nice to have’
    • Who needs to develop and contribute to the specification?
    • Important questions to ask when developing a specification
    • Optimizing Purchasing Productivity
    • Adding Value as a Purchasing Manager

DAY 4 -Managing and Evaluating the Department Performance

  • KeyTopics:

    • Centralization versus Decentralization
    • Reasons for Departmental (Macro-Level) Performance Appraisal
    • Managing Other Buyers
    • Key Performance Indicators (KPIs) for Purchasing

DAY 5 – Improving Purchasing Efficiency

  • KeyTopics:

    • Evaluating Service to End Users
    • Conducting the Right Surveys
    • Communicating Better with End Users
    • Ethical Behavior with Suppliers
    • Ethical Behavior with End Users
    • Ethical Behavior within the Department
    • Purchasing Policies and Procedures
    • POST TEST and Evaluation

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