Program Objectives:
By the end of the program, participants will be able to:
- Apply the fundamentals and modern principles of the purchasing function.
- Apply the best practices in procurement strategies and processes.
- Use all the skills required to be an effective buyer.
- Improve the efficiency of buying goods and services.
- Select suppliers in a better way.
- Apply tendering and contracting techniques.
- Determine transportation and packaging requirements.
- Shorten total lead-time to speed up the purchasing cycle.
This program is designed for:
Purchasing department personnel, buyers, and personnel from other departments who need to understand the buying function. This program is worth 25 NASBA CPEs.
Locations & Dates:
10 - 14 Jun 2012 Dubai, English
04 - 08 Nov 2012 Dubai, English
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
One extra free place for every 2 paid nominees
Delivery Type: Group-Live
Pre-requisites: None
Related Programs:
Program Outline
Introduction to Purchasing - Definition of Purchasing/Procurement
- Procurement Management
- Procurement Steps
- Centralized versus Decentralized Purchasing
Buyer's Roles and Responsibilities - Specific Duties of a Buyer
- Skills and Qualities of a Successful Buyer
- Reactive versus Creative Buyer
- Limitation of Authorities
Procurement Methods and Strategies - Conventional Purchase Orders/Blanket Orders
- Forward Buying
- Contracting/Tendering
- Outsourcing
- Turn-Key Projects
- Stockless Buying/Just-in-Time
- Leasing
- E-Procurement
Procurement Process - Purchase Requisition
- Request for Information, Quotation and Proposal (RFI, RFQ, RFP)
- Supplier Selection
- Total Cost of Ownership
- Local Sourcing
- Purchase Order
- Adding Value as a Buyer
- Problems with Suppliers
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Logistical Consideration - Letter of Credit (LC)
- Carrier Modes
- Carrier Evaluation and Selection
- Transportation Documentations
- Incoterm
- Packaging
- Material Disposal
Partnership and Negotiation - Evolution in Strategies for Purchasing
- Partnership with a Supplier
- Partnership Requirements
- Building Good Relationships with Suppliers
- Objectives of Supplier Partnering
- Partnership Requirements
- Negotiating with Suppliers
- Qualities of Negotiators
- Negotiation Principles
- Strategies for Negotiation
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