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 for Purchasing Management to provide the continuous improvements needed for organizations to meet their strategic objectives. Furthermore, this training course encourages everyone to be proactive rather than reactive in procurement activities and how to work 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 guide 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

1. 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 the Future
• Purchasing Personnel Required Skill Sets

2. Evaluating Your Operation

• What are the 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

3. 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

4. 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

5. 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