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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:

  • Define the strategic role of the purchasing department
  • Perform accurate supplier evaluation
  • Develop effective negotiation strategies with all suppliers
  • Explain the importance of value analysis to purchasing
  • Evaluate the performance of the department using proper Key Performance Indicators (KPIs)
  • Improve the efficiency of the purchasing department
Target Audience

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

Target Competencies
  • Strategic purchasing operations
  • Item value analysis
  • Departmental management
  • Negotiation
  • Purchasing ethics
  • Supplier evaluation
Course Outline
  • The strategic function of purchasing
    • 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
    • Things purchasing should strive for
    • Type O purchasing manager
    • Type S purchasing manager
  • Supplier evaluation and negotiation
    • Negotiating with suppliers
    • Power in negotiation
    • Planning for negotiation
    • The 13 powers of negotiation
    • Achieving the right agreements with suppliers
    • Factors used to evaluate suppliers on total performance
    • Ways of promoting good supplier relations
    • Creating suppliers as good partners
    • Choosing the right suppliers
  • Value analysis
    • 16 key strategic questions to ask
    • Applying the 16 strategic questions
    • How these 16 questions will reduce total cost
    • Optimizing purchasing productivity
    • Adding value as a purchasing manager
    • The 21st century purchasing manager
    • From pushing papers to strategic thinking
  • Managing and evaluating the department performance
    • Centralization versus decentralization
    • Reasons for departmental performance appraisal
    • Managing other buyers
    • Management by objectives
    • Continuous development for the buyers
    • Key Performance Indicators for purchasing
    • Choosing the right KPIs for purchasing
    • The right number of departmental KPIs
  • Improving purchasing efficiency
    • Evaluating service to end users
    • Conducting the right surveys
    • Communicating better with end users
    • Ethical behavior with suppliers
    • Ethical behavior with end users
    • Ethical behavior within the department
    • Purchasing policies and procedures
    • Training the staff
Associations
Associations
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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Schedule & Fees
Per participant - 2022

USD 4900

Fees + VAT as applicable

Tax Registration Number: 100239834300003

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy
meirc training courses

2022 - Location & Date

21 - 25 Aug, 2022
Dubai
Arabic
Raffles Dubai
4 - 8 Dec, 2022
Dubai
English
Venue to be assigned

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.

Virtual Learning
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+966 56 918 5532
+966 56 918 5532
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