Effective Purchasing & Supplier Management

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  • Private Class Price is Per Day not Per Pax
  • Send 1 or 20 pax for the same price
  • HDRF Claimable(SBL)

Private Class from

2400/day

(2 Days)

BENEFITS

Upon completion of this program, participants will be able to:

  • Understand the basics of purchasing
  • Qualifying suppliers that meet company objectives
  • Negotiate contracts
  • Understand Demand Situation
  • Know how to manage supply contracts effectively
  • Learn how to develop supplier buyer relationship
  • Understand the principles of Value Engineering &Value Analysis
  • Use appropriate strategies to Evaluate Supplier Performance
  • Establish a firm foundation to develop productive supplier relationship over long term
  • Learn how to develop supplier's supply management system

INTRODUCTION

Supply Chain strategies integrate internal functional efficiencies of the organization with that of the external environment like suppliers-suppliers and customers-customers.


Purchasing commands a significant position in most organizations since purchased parts, components, and supplies typically represent 40 to 60 percent of the sales of its end products. Small cost reductions gained in the acquisition of materials can have a greater impact on profits than equal improvements in other cost-sales areas of the organization.


AUDIENCE

This program is suitable for Purchasing Professionals – Purchasing Managers, Professional Buyers, Purchasing Officers, Purchasing Executives, Administrative Managers, Secretaries, Entrepreneurs and People involved in Company Purchasing.


METHODOLOGY

This stimulating program will maximize the understanding and learning through lectures, discussions, case studies and practical activities.

UNDERSTANDING THE BASICS OF PURCHASING
  • Product And Service Purchasing
  • Importance And Role Of Purchasing In SCM
  • Objectives And Responsibilities
  • Purchasing Strategies And Business Plans
  • Ethics In Purchasing
  • Procedures And Documentation – Written Policies And Manuals
  • Effect Of Policies On Purchasing
  • KPI’s For Purchasing
QUALIFYING SUPPLIERS THAT MEET COMPANY OBJECTIVES
  • Quality Objectives Of Company
  • Supplier Quality Capabilities
  • Sourcing Activities – How To Source Locally And Globally
  • Sourcing For Goods And Services
  • Selection And Qualifying Suppliers To Meet Stringent Company Objectives
  • Rating And Evaluating Suppliers Performance
  • Strategic Alliance And Supplier Collaboration
NEGOTIATING CONTRACTS
  • Understanding Contracts For Local And International Buying
  • Spend Analysis To Determine Spending Patterns For Negotiation
  • Negotiating For Better Terms – Cost, Quality, Delivery And Service
  • Understanding Legal Aspects Of Contracts
  • The Effect Of INCOTERMS In Negotiation For Contracts
  • Duration Of Contracts And Its Impact Of Services Provided
UNDERSTANDING DEMAND SITUATION
  • Customer Demand Variables – Stringent Specifications And Its Effects
  • Forecast And Firm Orders – Types Of Forecast, Accuracy
  • Types Of Requisition And The Purchasing Phases
  • Understanding The Product Life Cycle And The Phase Of Demand
  • Stocking Needs And Customer Demand Based On PLC
STRATEGIC IMPORTANCE OF SUPPLIER DEVELOPMENT
  • The Development Decision
  • Supplier Development Defined
  • Supplier Performance Gap
  • Best Practices In Supplier Development
UNDERSTANDING THE SUPPLIER DEVELOPMENT PROCESS
  • Initiating The Project
  • Mapping And Measuring
  • Developing The Process
  • Achieving The Results
  • Controlling The Process
  • Recognizing The Team
THE PRINCIPLES OF VALUE ENGINEERING & VALUE ANALYSIS
  • The VE And VA Techniques
  • Organizing The VE And VA Process
THE BARRIERS TO AN EFFECTIVE SUPPLIER DEVELOPMENT
  • Communication And Complacency
  • Lack Of Clarity And Unification
MONITORING AND CONTROLLING TOTAL SUPPLIER PERFORMANCE
  • Supplier Performance Evaluation
  • The Categorical Plan
  • The Weighted Point Plan
  • The Cost Ration Plan
SOLICITATION OF SUPPLIER SELECTION AND SURVEYS
  • The Supply Managers
  • The Quality Requirements

Trainers