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Purchasing Management and Cost Saving Techniques

PURCHASING MANAGEMENT AND COST SAVING TECHNIQUES

The fundamental aim of this purchasing management and cost-saving techniques training program is to provide guidance, and training to participants in the critical function of departmental cost saving and purchasing. The training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area.

Managing the purchasing department of the 21st Century is not an easy task at all. Today’s global economy makes the purchasing function more and more complicated. In this course, we will explore how to manage the various suppliers that are located thousands and thousands of kilometers from your plant while achieving real cost savings instead of funny money. 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 appropriately managed to achieve all of its KPIs.

A customized proposal can also be arranged, to suit the training requirement of your team.

YOU WILL LEARN HOW TO

By the end of this purchasing management and cost-saving techniques training, participants 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

Evaluate the performance of the office using proper Key Performance Indicators (KPIs)

Improve the efficiency of the purchasing function

IMPORTANT COURSE INFORMATION

Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

COURSE OUTLINE

Modules

Module 1: The Strategic Function of Purchasing

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

Module 2: Things Purchasing Should Strive for

Type O Purchasing Manager

Type S Purchasing Manager

Module 3: Supplier Evaluation and Negotiation

Negotiating with Suppliers

Power in Negotiation

Planning for Negotiation

Achieving the Right Agreements with Suppliers

Module 4: Factors Used to Evaluate Suppliers on Total Performance

Ways of Promoting Good Supplier Relations

Creating Suppliers as Good Partners

Choosing the Right Suppliers

Module 5: Value Analysis

16 Key Strategic Questions to Ask

Applying the 16 Strategic Questions

Optimizing Purchasing Productivity

Adding Value as a Purchasing Manager

Module 6: Managing and Evaluating the Department Performance

Centralization versus Decentralization

Reasons for Departmental (Macro-Level) Performance Appraisal

Managing Other Buyers

Module 7: Key Performance Indicators (KPIs) for Purchasing

Improving Purchasing Efficiency

Evaluating Service to End Users

Conducting the Right Surveys

Module 8: Communicating Better with End Users

Ethical Behaviour with Suppliers

Ethical Behaviour with End Users

Ethical Behaviour within the Department

Purchasing Policies and Procedures

Training the Staff

 

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