Fundamentals of Purchasing Management
- Overview of modern purchasing management challenges
- Role of purchasing in the global economy
- Essential components of effective purchasing strategies
The Purchasing Techniques and Cost Reduction course is a comprehensive 3-day program designed to enhance the skills and knowledge of professionals in the field of purchasing and cost management. This course addresses the complexities and challenges faced by modern purchasing departments in a global economy. Participants will learn advanced techniques for managing suppliers across distances, achieving tangible cost savings, and understanding the role of purchasing within the broader context of supply chain operations. The course will also focus on effective management practices to meet and exceed key performance indicators (KPIs) in purchasing. It is tailored for those looking to optimize their purchasing strategies, reduce costs, and contribute significantly to their organization’s overall success.
Key Points:
- Develop strategies for effective global supplier management and cost savings.
- Understand the integration of the purchasing function within supply chain operations.
- Learn best practices for managing purchasing departments and achieving KPIs.
- Gain insights into advanced purchasing techniques and tools.
Download the course guide
We offer a comprehensive curriculum that covers all of the essential topics. Our experienced instructors will provide you with the support and guidance that you need to succeed.
Course Content
Supplier Management Strategies
- Techniques for managing international suppliers
- Building and maintaining effective supplier relationships
- Strategies for cost-effective global sourcing
Cost Reduction Techniques
- Identifying and implementing cost-saving opportunities
- Utilizing cost reduction tools and methodologies
- Case studies on successful cost reduction
Purchasing and Supply Chain Integration
- The role of purchasing within the supply chain
- Aligning purchasing strategies with supply chain goals
- Collaboration between purchasing and other supply chain functions
Managing Purchasing Operations
- Best practices in purchasing department management
- Setting and achieving KPIs in purchasing
- Enhancing efficiency and effectiveness in purchasing processes
Advanced Negotiation Skills
- Mastering negotiation techniques for purchasing professionals
- Strategies for successful supplier negotiations
- Role-play exercises in negotiation scenarios
Supplier Relationship Management (SRM)
- Principles of effective SRM
- Tools and techniques for managing supplier relationships
- Evaluating and improving supplier performance
Strategic Cost Analysis
- Analyzing costs for better purchasing decisions
- Techniques for cost analysis and budgeting
- Using cost analysis to drive purchasing decisions
Trends and Future of Purchasing
- Emerging trends in purchasing and procurement
- Adapting to changing market dynamics in purchasing
- Future outlook for the purchasing profession
Course Instructor
Dr Nader Al Adawi
Nader is a highly experienced trainer with a passion for people development. He believes that training is essential for success, and his philosophy is to help people discover their true potential. Nader is skilled in designing and delivering engaging training programs that cater to different learning styles. He encourages participation and interaction, creating a supportive and motivating learning environment.
Interested in what else we can offer you?
22 January 2025
Dusit D2 Kenz Hotel