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Fundamentals of Purchasing and Supply

Duration: 2 Days                                                                        Contact hours: 16 hours
Course level: Beginner to Intermediate                                 Price: $1050

Increase your effectiveness as a purchasing and supply professional.

Develop the fundamentals you need to be a successful purchasing professional. This course focuses on the basics of purchasing and supply management, including purchasing process, negotiations, supply network development, strategic sourcing, electronic sourcing and many others. Develop innovative ways to manage your suppliers and deliver value to your company.

What you will gain from this course:• A solid foundation of fundamental purchasing and supply knowledge

  • Understanding of how purchasing and supply adds value to the enterprise.
  • The knowledge to become a more effective purchasing and supply team member.
  • The knowledge and skills to effectively source goods and services.
  • An understanding of supply strategy, negotiations and supplier management.

Who should attend this course:

  • New purchasing and supply professionals.
  • Experienced purchasing and supply professionals wishing to refresh or update their knowledge.
  • Individuals having regular contact with suppliers or are involved in the purchasing process, such as engineers, production, marketing or project management personnel.

Course agenda:
The purchasing and supply organization and the enterprise

  • Role of purchasing and supply.
  • Impact of purchasing and supply on corporate success.
  • Integrating purchasing and supply into corporate strategy.
  • Value add activities of the purchasing and supply organization.
  • Measures of purchasing and supply effectiveness.

Purchasing fundamentals

  • Understanding the purchasing process.
  • The use of RFIs, RFPs, RFQs.
  • Types of tendering and their appropriate uses.
  • Managing cost, quality and delivery.
  • Types of purchase agreements and contracts.

Understanding the supply network

  • Supply network environment.
  • Evaluating the supply network.
  • Developing sourcing strategies.

Supplier relationship management concepts

  • Assessing potential suppliers.
  • Developing supplier strategies.
  • Defining the supplier relationship.
  • Managing the supplier relationship.

Fundamentals of Negotiation

  • Types of negotiations and negotiating styles.
  • Common negotiation tactics and how to adapt.
  • Preparing for negotiations and developing negotiation strategies.

Upcoming Seminars