Purchasing Management and Cost Saving Techniques
Managing the purchasing department of the 21st Century is not an easy task. Today's global economy makes the purchasing function increasingly complicated. In this course, we will explore how to manage the various suppliers that may be located thousands of kilometers from your plant while achieving real cost savings. Furthermore, we will discover how the purchasing department fits in the overall function of the supply chain operation. Lastly, we will cover how the purchasing department should be managed properly to achieve all of its Key Performance Indicators (KPIs).
PrerequisitesNone — open to managers at all levels
5 Days
2 Sessions
Starting from USD 1,500
Available Online
Course Methodology
This course uses a mixture of interactive learning tools such as round table discussions, role playing, case studies, individual and team exercises.
Course Objectives
By the end of the course, participants will be able to:
- Establish the strategic role of the purchasing department, and develop the purchasing mission statement
- Develop effective negotiation strategies and supplier evaluations
- Perform value analysis in purchasing
- Evaluate the performance of the department using proper Key Performance Indicators (KPIs)
- Improve the efficiency of the purchasing department, and understand ethical practices in purchasing
Target Audience
Buyers, senior buyers, purchasing supervisors, purchasing managers and all other personnel who need to understand the purchasing function.
Target Competencies
- Defining strategic purchasing operations
- Performing value analysis
- Managing procurement functions
- Leading effective negotiations
- Evaluating competing suppliers
- Conducting ethical practices in purchasing
Course Outline
- The strategic function of purchasing
- Intro to Supply Chains
- 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
- Evolution in Strategies for Purchasing
- Supplier evaluation and negotiation
- Negotiating with suppliers
- Planning for negotiation
- Negotiation tactics
- Tendering process
- Choosing the right suppliers
- Value analysis
- The value analysis approach
- 16 key strategic questions to ask
- How the 16 questions will reduce total cost
- Commodity groups
- Adding value as a purchasing manager
- Managing and evaluating the department performance
- Reasons for departmental performance appraisal
- Managing other buyers
- Continuous development for the buyers
- Management by objectives
- Key Performance Indicators for purchasing
- Choosing the right KPIs for purchasing
- Improving purchasing efficiency
- Evaluating service to end users
- Conducting the right surveys
- Ethical behavior with suppliers, end users, and within department
- Purchasing policies and procedures
- Training the staff
2026 Schedule & Fees
Course Fees Starting From
USD
1,500
Location & Date
| Date | City | Language | Price | Action |
|---|---|---|---|---|
| No upcoming sessions are currently scheduled. Contact Us | ||||
Virtual Learning
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