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Advanced Purchasing and Cost Saving Techniques

Program Objectives:

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

Understand the strategic role of the purchasing department.

Perform accurate supplier evaluation.

Identify the importance of value analysis to purchasing.

Evaluate the performance of the department using proper KPIs.

Improve the efficiency of the purchasing function.

This Program is designed for:

Senior buyers, purchasing supervisors, purchasing managers and other managers who need to understand purchasing management.

Program Outline:

The Strategic Function of Purchasing	Value Analysis
The Link of the Purchasing Function with the Organizational Strategy Creating a Purchasing Mission Statement Understanding the Concerns of Senior Management Balancing Quality, Service and Price Things Purchasing Should Strive for Type O Purchasing Manager Type S Purchasing Manager	16 Key Strategic Questions to Ask Optimizing Purchasing Productivity Adding Value as a Purchasing Manager
	Managing and Evaluating the DepartmentPerformance
	Centralization versus Decentralization Reasons for Departmental (Macro-level) Performance Appraisal Key Performance Indicators (KPIs) for Purchasing
Supplier Evaluation	Improving Purchasing Efficiency
Negotiating with Suppliers Power in Negotiation Planning for Negotiation Factors Used to Evaluate Suppliers on Total Performance Ways of Promoting Good Supplier Relations Creating Suppliers as Good Partners Choosing the Right Suppliers	Evaluating Service to End Users Conducting the Right Surveys Training the Staff Ethical Behavior Purchasing Policies and Procedures

Inventory Management
ABC Analysis Controlling the Budget