Purchasing Management
The Purchasing Management training course offers practical insights that are critical when managing a purchasing department or division. Beside improving the efficiency of the department, you will learn to align the activities with the company’s strategy. You will also acquire insights into different analytical tools, negotiation techniques improving purchasing cost.
· 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
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
Buyers, senior buyers, purchasing supervisors, purchasing managers and all other personnel who need to understand the purchasing function.