Course description
An organization uses Purchasing Management Specialists to handle all of its purchasing needs. This person is responsible for ensuring that a business is able to acquire needed supplies, materials and other relevant items, following a strict budget and keeping records of all the transactions.
Their tasks are embedded in every part of the process. From finding suitable suppliers and vendors to seeing that the contract is signed and approved, they are ultimately responsible for every step in getting a company the things it needs.
This course 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.
Purchasing Management Specialists 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.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This Purchasing Management Specialists training course is suitable to a wide range of professionals, but will greatly benefit:
- Procurement and Contracts personnel
- Purchasing, Contract Administration, Projects personnel
- Engineering, Facilities, Finance, and Maintenance Personnel
- Personnel involved in the planning and management of tender process
- Leaders in the acquisition of materials, equipment and services
Outcome / Qualification etc.
By the end of the Purchasing Management Specialists training course, participants will be able to:
- Learn how to develop high performance purchasing organisations
- 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
Training Course Content
Day 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 of the future
- Purchasing Personnel Required Skill Sets
Day 2
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
Day 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
Day 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
Day 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
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...