OBJECTIVE

• To understand purchasing basics
• To know the importance of purchasing and cost savings
• Working with the right supplier in cost reduction

SEMINAR OUTLINE

Course Content Introduction to the purchasing function

• What is Purchasing
• The role of purchasing and its importance within the organization
• Purchasing professionalism and ethics
• Proactive purchasing

Purchasing as a strategic management tool

• What is purchasing management?
• Purchasing contribution to the organization
• The strategic importance of purchasing
• Purchasing & the supply chain

Purchasing policies and procedures

• Analyzing purchasing policies and procedures
• The link between vision mission & policy
• Practical applications
• The purchasing manual

The basics of the buying function

• Who are your clients?
• The rights
• Tendering / contracts
• Cost and price analysis
• Standardization

Sourcing & Suppliers

• Market analysis
• Supplier assessment & appraisal
• Local & foreign suppliers
• Sourcing decisions & authority levels
• Supplier partnerships
• Internet buying

Proactive approaches in purchasing

• Client focus
• Professionalism & quality
• Consultancy approach
• Partnerships
• Stock reduction & JIT
• Training & development
• Documentation flow
• Computerization and new technology

Understanding basic stores & stock control

• Stock control techniques
• Disposal
• Economics of stock control