Advanced Purchasing and Cost Saving Techniques
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Advanced Purchasing and Cost Saving Techniques Course
Introduction:
Managing the purchasing department in the 21st century poses unique challenges. The global economy and distant suppliers add complexity to the purchasing process. In this course, we will delve into effective supplier management, even when dealing with suppliers located far from your plant, with a focus on achieving cost savings. Additionally, we will explore the role of the purchasing department within the broader supply chain operation. Lastly, we will cover essential strategies for proper management of the purchasing department to meet and exceed Key Performance Indicators (KPIs).
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
Who Should Attend?
Senior buyers, purchasing supervisors, purchasing managers, and other managers who need to understand purchasing management
Course Outlines:
The Strategic Function of Purchasing
- 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
- Type O Purchasing Manager
- Type S Purchasing Manager
Supplier Evaluation and Negotiation
- 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
Value Analysis
- 16 Key Strategic Questions to Ask
- Applying the 16 Strategic Questions
- Optimizing Purchasing Productivity
- Adding Value as a Purchasing Manager
Managing and Evaluating the Department Performance
- Centralization versus Decentralization
- Reasons for Departmental (Macro-Level) Performance Appraisal
- Managing Other Buyers
- Key Performance Indicators (KPIs) for Purchasing
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