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2013
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Home Programs Supply Chain and Logistics Mgmt Fundamentals of Purchasing
Fundamentals of Purchasing
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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.

Fees in US$:

Per participant $3,900
Frequent nomination $3,510

(including coffee breaks and a buffet lunch daily)

Discount Plans, Refunds & Cancellations Policy
Locations & Dates:
07 - 11 Apr 2013
Dubai, English
Arjaan By Rotana Dubai Media City map
Completed
29 Sep - 03 Oct 2013
Dubai, English
Kempinski Hotel map
Register
08 - 12 Dec 2013
Dubai, Arabic
Arjaan By Rotana Dubai Media City map
Register
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

Logistical Consideration

  • Letter of Credit (LC)
  • Carrier Modes
  • Carrier Evaluation and Selection
  • Transportation Documentations
  • Incoterms
  • 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