Purchasing Techniques and Cost Control

INTRODUCTION

Managing a buying department in the twenty-first century is a difficult endeavor. The purchasing function is becoming increasingly sophisticated in today’s global economy. In this session, we will look at how to handle suppliers that may be thousands of kilometers away from your factory while still delivering meaningful cost reductions. Furthermore, we will learn how the buying department fits into the overall operation of the supply chain. Finally, we will discuss how the buying department should be effectively managed in order to meet all of its Key Performance Indicators.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Define the buying department’s strategic function.
• Perform a thorough supplier evaluation.
• Create successful negotiating strategy for all suppliers.
• Describe the significance of value analysis in purchasing.

WHO SHOULD ATTEND THIS COURSE?

• Buyers
• Senior buyers
• Purchasing supervisors
• Purchasing managers
• Any employee who must comprehend the purchase function

TARGETED SKILLS

• Strategic purchasing operations
• Item value analysis
• Departmental management
• Negotiation
• Purchasing ethics
• Supplier evaluation