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Purchasing Management and Cost Saving Techniques

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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Overview
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
Schedule & Fees

2025 Schedule & Fees

There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.

2026 Schedule & Fees
Per participant
  • 26 - 30 Apr, 2026
  • Arabic
  • Riyadh
  • Venue to be assigned
Per participant
  • 25 - 29 Oct, 2026
  • Arabic
  • Riyadh
  • Venue to be assigned
Fees + VAT as applicable (including coffee breaks and a buffet lunch daily) Discount Plans & Cancellations Policy

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

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Hanaa will help you find what you are looking for.
HAVE A QUESTION?
Meirc Training and Consulting
9200 13917 (KSA)
+966 11 451 7017
+966 53 534 4368
[email protected]
Leena will help you find what you are looking for.