CILT Endorsed Purchasing Management and Cost Saving Techniques

CILT Endorsed Purchasing Management and Cost Saving Techniques

Why Attend

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).

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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:

  • Establish the strategic role of the purchasing department, and develop the purchasing mission statement
  • Develop effective negotiation strategies and supplier evaluations
  • Perform value analysis in purchasing
  • Evaluate the performance of the department using proper Key Performance Indicators (KPIs)
  • Improve the efficiency of the purchasing department, and understand ethical practices in purchasing
Target Audience

Buyers, senior buyers, purchasing supervisors, purchasing managers and all other personnel who need to understand the purchasing function.

Target Competencies
  • Defining strategic purchasing operations
  • Performing value analysis
  • Managing procurement functions
  • Leading effective negotiations
  • Evaluating competing suppliers
  • Conducting ethical practices in purchasing

Course Outline
  • The strategic function of purchasing
    • Intro to Supply Chains
    • 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
    • Evolution in Strategies for Purchasing
  • Supplier evaluation and negotiation
    • Negotiating with suppliers
    • Planning for negotiation
    • Negotiation tactics
    • Tendering process
    • Choosing the right suppliers
  • Value analysis
    • The value analysis approach
    • 16 key strategic questions to ask
    • How the 16 questions will reduce total cost
    • Commodity groups
    • Adding value as a purchasing manager
  • Managing and evaluating the department performance
    • Reasons for departmental performance appraisal
    • Managing other buyers
    • Continuous development for the buyers
    • Management by objectives
    • Key Performance Indicators for purchasing
    • Choosing the right KPIs for purchasing
  • Improving purchasing efficiency
    • Evaluating service to end users
    • Conducting the right surveys
    • Ethical behavior with suppliers, end users, and within department
    • Purchasing policies and procedures
    • Training the staff
Chartered Institute of Logistics and Transport (CILT)

Meirc is an Approved Training Provider (ATP) in the region for the Chartered Institute of Logistics and Transport (CILT). Established in 1919, CILT is the world’s leading supply chain, logistics and transport professional body with over 33,000 members across the globe. CILT seeks to add value to individual and corporate members by enhancing their knowledge, careers, and businesses by setting, supporting and delivering professional standards and education in the fields of logistics, transport and supply chain. By attending Meirc’s CILT accredited courses, participants can earn CPD units as well as attain modular unit award courses that can be combined for international certification

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