Mastering Purchasing and Materials Management
Select Other "city & date"
Mastering Purchasing and Materials Management Course
Introduction:
Are you prepared to navigate the complex world of purchasing and material management? If you're new to this field and eager to overcome the challenges that lie ahead, our online class "Mastering Purchasing and Material Management Fundamentals" is tailored just for you. This comprehensive course will guide you through the purchasing process, step-by-step, ensuring that you are well-prepared to tackle the tasks and responsibilities that come with this role.
Gone are the days when years of experience were required to master the intricacies of purchasing. With our online class, you'll gain the knowledge and skills needed to excel in this field without the lengthy learning curve. We go beyond a simple introduction to purchasing, providing you with the tools and expertise to flawlessly execute and manage purchases.
Throughout the course, you'll delve into the fundamental principles of purchasing and material management. You'll learn how to identify procurement needs, source suppliers, evaluate proposals, negotiate contracts, and make informed purchasing decisions. We'll equip you with the techniques and strategies to optimize your purchasing activities, achieve cost savings, and ensure timely delivery of goods and services.
Furthermore, the course covers essential topics such as inventory management, supplier relationship management, and risk mitigation. You'll gain insights into effective inventory control methods, learn how to establish strong relationships with suppliers, and develop strategies to mitigate risks and disruptions in the supply chain.
By the end of this course, you won't just be an introduction-level learner in purchasing. You'll emerge as an expert in flawlessly executing and managing purchases. You'll be equipped with the knowledge, skills, and confidence to navigate the challenges of purchasing and material management, even as a newcomer to the field.
Join us in the "Mastering Purchasing and Material Management Fundamentals" class and embark on a transformative learning journey. Prepare yourself for the challenges ahead, gain a competitive edge, and position yourself as a valuable asset in the world of purchasing and material management.
Course Objectives:
You will learn:
- How to conduct a 9-step purchasing process
- How to most effectively prioritize requisitions
- How to identify the best potential suppliers
- The different ways you can categorize suppliers, such as sole source, single source, preferred and approved
- How to decide when to use competitive bidding, negotiation, or both
- How to successfully conduct competitive bidding using solicitation tools such as RFP's and RFQ's
- How to use price analysis, cost analysis, and total cost of ownership (TCO) analysis to evaluate supplier pricing and offers
- The evidence that will help you select a supplier with the lowest risk of failure
- How to determine whether a contract, purchase order, or other methods of ordering is best for a certain purchase
- How to select the most appropriate shipping terms for a purchase
- Legal issues impacting the terms and conditions that govern supplier obligations
- How to use follow up techniques to ensure supplier compliance
- How to think like a purchasing manager
- How to prepare for the future of purchasing
Who Should Attend?
The course is designed for managers, Procurement managers, and staff, buyers, and staff with responsibility for buying who may in future buy electronically or do so currently. It assumes only basic IT and procurement skills.
Course Outlines:
Main objectives of Material Management
- Efficient materials planning
- Buying or Purchasing
- Procuring and receiving
- Storing and inventory control
- Supply and distribution of materials
- Quality assurance4 / Materials and Financial Management
- Good supplier and customer relationship
- Improved departmental efficiency
- Efficient production scheduling
- To take make or buy decisions
- Prepare specifications and standardization of materials
- To assist in product design and development
- Forecasting demand and quantity of materials requirements
- Quality control of materials purchased
- Material handling
- Use of value analysis and value engineering
- Developing skills of workers in materials management
- Smooth flow of materials in and out of the organization