Purchasing Principles and Practices

Today’s successful global business considers purchasing as a strategic function that uses and enables change within an organization.  The sourcing strategies of the past can no longer inform the future and it is necessary to reassess your sourcing strategies and take the proactive measures to remove any risk to your supply chain.  This workshop will engage participants in understanding the tactical and strategic responsibilities of purchasing/supply; the purchasing process and the role of the buyer in the organization.  It will also cover legal aspects of purchasing and contracts that every buyer must understand to properly represent their organization.  In addition to reinforcing some of the fundamentals of procurement, this contemporary workshop will introduce participants to strategies that will ensure that their supply chain remain robust enough to with stand the many challenges.

CONTENT:

Overview of Purchasing

- Purchasing and its contribution

- Key concepts

- The procurement cycle

- Purchasing systems

Purchasing Skill Sets

- Purchasing personnel requires skill set

- Skill set assessment process

- Time spent on various tasks

- Advanced practices in planning and specifying

Supplier Selection

- Specifications

- Working with end-use

- Supplier evaluation criteria

- Appropriate supplier methodologies

- Total cost approach

Purchasing Performance

- Supplier measurement

- Vendor rating

- Action planning

Contract Management

- Form tender to contract

- Supplier non-performance

- Expeditious

- Terms and conditions

- E-procurement fundamentals

FOR WHOM:

Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.