Purchasing is essential to the success of modern organizations and successful organizations need highly trained and effective managers. Buying team need to be effectively managed in order to balance the requirements for high quality materials and services with the lowest price and low administrative cost and work with other department and functions.
This workshop will provide practical examples of developing the right organizational strategies for your team, measuring and improving purchase performance and costs.
Effective Purchasing in Modern Organizations
- What is the role of Purchasing?
- Essentials for effective Purchasing
- Team roles and Responsibilities
- What do you want to achieve?
Tools for Effective Purchasing
- Supply Positioning
- Supplier Selection
- Roles of Distributors and Agents
Financial and Non- Financial Purchasing
- Pricing Mechanisms
- Value and Cost Analysis
- Capital Equipment Life Cycle Costing
- Early Involvement
Use of Appropriate Sourcing Techniques
- Use of Tendering, Direct Sourcing and E-commerce
- Negotiation Preparation, Strategy and Tactics
Implementing Purchasing Improvements
- Key Performance Measures
- Implementing Change
FOR WHOM: Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.
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.