Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Purchasing Management and Cost Saving Techniques Course

By: McTimothy Associates Consulting LLC  

Lagos State, Nigeria

25 - 27 Aug, 2022  3 days

Follow Event

  

NGN 115,000

Venue: The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos.

Managing the purchasing department of the 21st Century is not an easy task. Today's global  economy makes the purchasing function increasingly complicated. In this course, we will explore how to manage the various suppliers that may be located thousands of kilometers from your plant while achieving real cost savings. Furthermore, we will discover how the purchasing department fits in the overall function of the supply chain operation. Lastly, we will cover how the purchasing department should be managed properly to achieve all of its Key Performance Indicators (KPIs).

Course Methodology

This course uses a mixture of interactive learning tools such as round table discussions, role playing, case studies, individual and team exercises.

Course Objectives

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

  • Define the strategic role of the purchasing department
  • Perform accurate supplier evaluation
  • Develop effective negotiation strategies with all suppliers
  • Explain the importance of value analysis to purchasing
  • Evaluate the performance of the department using proper KPIs
  • Improve the efficiency of the purchasing department

Target Audience

Buyers, senior buyers, purchasing supervisors, purchasing managers and

all other personnel who need to understand the purchasing function.

Target Competencies

  • Strategic purchasing operations
  • Item value analysis
  • Departmental management
  • Negotiation
  • Purchasing ethics
  • Supplier evaluation

Course Outline

      The Strategic Function of Purchasing

  • The link between the purchasing function and organizational strategy
  • Creating a purchasing mission statement
  • Matching the purchasing mission with the company's mission
  • Writing the department's objectives
  • Balancing quality, service and price
  • Things purchasing should strive for
  • Type O purchasing manager
  • Type S purchasing manager

      Supplier Evaluation and Negotiation

  • Negotiating with suppliers
  • Power in negotiation
  • Planning for negotiation
  • The 13 powers of 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

       Value Analysis

  • 16 key strategic questions to ask
  • Applying the 16 strategic questions
  • How these 16 questions will reduce total cost
  • Optimizing purchasing productivity
  • Adding value as a purchasing manager
  • The 21st century purchasing manager
  • From pushing papers to strategic thinking

       Managing and Evaluating the Department Performance

  • Centralization versus decentralization
  • Reasons for departmental performance appraisal
  • Managing other buyers
  • Management by objectives
  • Continuous development for the buyers
  • Key Performance Indicators for purchasing
  • Choosing the right KPIs for purchasing
  • The right number of departmental KPIs

       Improving purchasing efficiency

  • 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 Training the staff
The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos. Aug 25 - 27 Aug, 2022

Registration: 10:05:am - 04:00:am

NGN 115,000.00 + 5,750.00 (VAT)
(Convert Currency)

Patience 07034854045, 09080022449,08058805333

Group discount of 3-9 attracts 5%, 10 and above group attracts 10% discount

Related Courses

Managing Staff Grievances, Discipline and Disciplinary Procedure at Workplace Managing Staff Grievances, Discipline and Disciplinary Procedure at Workplace

2 day, 10 - 11 Nov, 2022 

2022-11-10 12:11:00 2022-11-10 12:11:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Establishing a disciplined work environment, dealing with indiscipline effectively and setting up necessary policies and procedures to ensure that companies follow best practices and comply with ...

Key Account Management Workshop Key Account Management Workshop

3 days, 15 - 17 Aug, 2022 

2022-08-15 12:08:00 2022-08-15 12:08:00
Rivers State, Nigeria

McTimothy Associates Consulting LLC

This course is designed to transform participants into business advisors and high yielding and profit-generating relationship managers whom clients rely on and companies’ value. The course ...

Becoming an Effective Supervisory Manager Course Becoming an Effective Supervisory Manager Course

2 day, 29 - 30 Aug, 2022 

2022-08-29 12:08:00 2022-08-29 12:08:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Building advanced supervisory skills is critical to help you and your organization succeed in challenging economic times. This course is designed for helping new and experienced supervisors develop ...

Advanced Financial Statement Analysis and Management Course Advanced Financial Statement Analysis and Management Course

3 days, 19 - 21 Sep, 2022 

2022-09-19 12:09:00 2022-09-19 12:09:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

This course brings together the key elements of financial statement analysis to help participants improve their financial analysis skills, enable them to ask the right questions, see the real risks ...