Purchasing Management: A-Z Best Practice

OVERVIEW

This complete training course in purchasing covers the skills required to lead a procurement team to world-class performance. It focuses on the common “gaps” in performance that must be filled in order for Purchasing Management to provide the continuous improvements needed for organizations to meet their strategic objectives.

Further, this training course encourages everyone how to be proactive rather than reactive in procurement activities and how to be working on the “right” things that display Purchasing’s creativity, flexibility, and supply market knowledge. It establishes how to provide and measure purchasing contributions to the organization so that this critical function can be elevated as a core organization competency.

OBJECTIVES

By the end of this training course, participants will be able to:

• Learn how to develop high-performance purchasing organizations

• Develop strategic purchasing plans & discuss how to improve internal customer service

• Appreciate and see the analytics that guides procurement strategies

• Explore many ways of reporting Key Performance Indicators (KPIs)

• Understand the most important competencies for purchasing personnel

TARGET PARTICIPANTS

• Procurement and Contracts personnel

• Purchasing, Contract Administration, Projects personnel

• Engineering, Facilities, Finance, and Maintenance Personnel

• Personnel involved in the planning and management of the tender process

• Leaders in the acquisition of materials, equipment, and services

COURSE CONTENTS

The 1st Steps to Becoming World Class

Stages to World Class Purchasing

How Purchasing is viewed today

Strategic Sourcing

Developing Spend Profiles and the ABC Analysis

New Job Descriptions for Purchasing of the future

Purchasing Personnel Required Skill Sets

Evaluating Your Own Operation

What are Best Practices

Purchasing Gap Analysis

Vision and Mission for Purchasing

Developing the Purchasing Department Strategic Plan

Developing Key Performance Indicators (KPIs) for Procurement

Developing a Company Purchase Price Index

Continuous Improvement and How to Get It

Cost Reduction Initiatives

Methods of Cost Containment

Waste in the Supply Chain

Breaking Down The Elements Of Supplier Cost

Commodity/Service Strategic Planning

Resisting Price Increases

Supplier Management Approaches

Supplier Classification System

Supplier Qualification Methods

Supplier Performance Metrics

Apply Performance criteria to Purchasing Decisions

Process Mapping to Eliminate Low-Value Activities

Applying eProcurement business process

Improving the Image of Procurement

Global Sourcing

International Labor Rates Comparison

Developing and Maintaining a Customer Focus

Basic Issues in Corruption And Fraud Prevention

Increasing the Level of Procurement Professionalism

Keeping Current in the profession