Techniques for Setting up Cost Savings Procurement Department Course

Course Details

We will explore how to manage the various suppliers that may be located thousands of kilometres 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).

Learning Objectives

By the end of the course, participants will be able to:

• Define the strategic role of the purchasing department
• Perform accurate supplier evaluation
• Develop effective negotiation strategies with all suppliers
• Explain the importance of value analysis in purchasing
• Evaluate the performance of the department using proper Key Performance Indicators (KPIs)
• Improve the efficiency of the purchasing department
• Top of Form
• Bottom of Form

Course Contents

• The strategic function of purchasing
• Supplier evaluation and negotiation
• Value analysis
• Managing and evaluating the department's performance
• Improving purchasing efficiency

Whom to Attend

Buyers, senior buyers, purchasing supervisors, purchasing managers and all other personnel who need to understand the purchasing function.