Purchasing and Materials Management Training

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Purchasing and Materials Management Training Course
Introduction:
Are you prepared for the numerous challenges that come with entering the field of purchasing? With the online class "Mastering Purchasing and Material Management Fundamentals," you can be fully equipped to navigate the purchasing process with ease. This comprehensive course guides you through each step, ensuring you are well-prepared for the challenges ahead. Even without years of experience, you will gain the expertise to effectively handle these challenges and excel in executing and managing purchases. This class goes beyond a simple introduction to purchasing, transforming you into a proficient professional in the field.
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:
- 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 standization 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