Course Outline

Course Outline

Purchasing Management and Cost Saving Techniques

Ref No. Dates Venue Fee (US$)  
MM 006 17 - 21 Feb 2019 Dubai 4500 Register
MM 006 23 - 27 Jun 2019 Dubai 4500 Register
MM 006 01 - 05 Dec 2019 Dubai 4500 Register

Purchasing Management and Cost Saving Techniques

Introduction

Managing the purchasing department of the 21st Century is not an easy task at all. Today's global economy makes the purchasing function more and more complicated. They need to explore how to manage the various suppliers that are located away, while achieving real cost savings. Furthermore, they also need to learn how the purchasing department fits in the total function of the supply chain operations, and how it should be managed properly to achieve all of its KPIs.

PROCLAD Academy’s Purchasing Management and Cost Saving Techniques training course is intended to provide guidance to participants in the key function of purchasing and departmental cost saving and purchasing. The training course contents is up-to-date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area.

The key features of PROCLAD Academy’s Purchasing Management and Cost Saving Techniques training course are:

  • Strategic purchasing operations
  • Supplier evaluation & negotiation
  • Value analysis
  • Departmental management
  • Purchasing ethics
Learning Objectives

By attending PROCLAD Academy’s Purchasing Management and Cost Saving Techniques training 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
  • Identify the importance of value analysis to purchasing
  • Improve the efficiency of the purchasing function
Target Audience

PROCLAD Academy’s Purchasing Management and Cost Saving Techniques training course is suitable for personnel from all industrial fields and different purchasing methods such as:

  • Buying
  • Purchasing
  • Procurement
  • Commercial
  • Tenders
  • Contracts
  • Finance Engineering
  • Projects
  • Construction
  • Public Sector

Participants expected to have a basic level understanding of purchasing and cost savings techniques.

Training Methodology

PROCLAD Academy’s practical and results-oriented Purchasing Management and Cost Saving Techniques training course is based on adult learning concept. It incorporates short inspiring lectures with structured lessons from the learning manual; captivating PowerPoint slides with videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.

Course Outline
  • The Link of the Purchasing Function with the Organizational Strategy
  • Creating a Purchasing Mission Statement
  • Balancing Quality, Service and Price
  • Things Purchasing Should Strive For
  • The importance of effective purchasing
  • Understanding the Purchasing strategy
  • The five steps of the Purchasing process
  • Negotiating with Suppliers
  • Power in Negotiation
  • Planning for 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
  • What a good specification for goods and services looks like
  • Defining needs and wants – Essential vs ‘nice to have’
  • Who needs to develop and contribute to the specification?
  • Important questions to ask when developing a specification
  • Optimizing Purchasing Productivity
  • Adding Value as a Purchasing Manager
  • Centralization versus Decentralization
  • Reasons for Departmental (Macro-Level) Performance Appraisal
  • Managing Other Buyers
  • Key Performance Indicators (KPIs) for Purchasing
  • 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