About CILT Endorsed Purchasing Management and Cost Saving Techniques

Overseeing a modern purchasing department is a demanding responsibility, especially in the context of today’s global economy, where the purchasing function has become increasingly complex. In this course, we will delve into strategies for managing diverse suppliers located across the globe while securing significant cost reductions. We will also explore the purchasing department's crucial position within the overall supply chain. Lastly, we will cover effective management techniques to ensure the purchasing department consistently meets its Key Performance Indicators (KPIs).

CILT Endorsed Purchasing Management and Cost Saving Techniques Key Features 100% Satisfaction Guarantee

  • In Person Classroom Training which will help interact with experts
  • Engaging practical exercises and real-world applications
  • Expert guidance for exam preparation and certification process
  • Convenient and flexible scheduling
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Mode Of Training

Aberdeen MD

Live Online Training

$ 5500 $8250

Preferred
  • Get Lifetime free access to recorded classes
  • Interactive sessions with certified instructors
  • Access to mock tests and exam practice
  • Live Training using Microsoft Teams, Get Lifetime recording access
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Classroom Training

$ 6500 $9750

  • Convenient and flexible scheduling
  • Interactive sessions with certified instructors
  • Access to mock tests and exam practice
  • Engaging In Person Classroom Training Experience
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Corporate Training

Customized to your team's needs

  • We can customise the training
  • Flexible pricing options
  • 24x7 learner assistance and support
  • We can deliver both In-Person or Live Online
  • Pay after the training completion
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Download Course Agenda And Company Brochure

Course Agenda

Course Agenda

Company Brochure

Company Brochure

 

This course utilizes a variety of interactive learning techniques, including roundtable discussions, role-playing scenarios, case studies, and both individual and group exercises.

 

 

By the end of this course, participants will be able to:

  • Define the strategic role of the purchasing department and craft a purchasing mission statement.
  • Develop robust negotiation strategies and conduct thorough supplier evaluations.
  • Perform value analysis within the purchasing function.
  • Assess departmental performance using relevant Key Performance Indicators (KPIs).
  • Enhance the efficiency of the purchasing department while adhering to ethical practices in purchasing.

This course is ideal for buyers, senior buyers, purchasing supervisors, purchasing managers, and any other professionals who need a comprehensive understanding of the purchasing function.

 

  • Defining strategic purchasing operations
  • Conducting value analysis
  • Managing procurement functions
  • Leading successful negotiations
  • Evaluating and comparing suppliers
  • Upholding ethical standards in purchasing

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Course Completion Rate 70.1%

 

  • Understanding the connection between the purchasing function and organizational strategy
  • Creating a purchasing mission statement aligned with the company's overall mission
  • Developing departmental objectives that balance quality, service, and price

 

  • Evaluating and negotiating with suppliers
  • Planning and employing effective negotiation tactics
  • Navigating the tendering process and selecting the right suppliers

 

  • Implementing the value analysis approach
  • Addressing 16 key strategic questions to reduce total costs
  • Managing commodity groups to maximize value

 

  • Managing and appraising departmental performance
  • Understanding the importance of performance appraisals
  • Leading and developing other buyers through continuous professional growth
  • Implementing management by objectives (MBO)

 

  • Identifying and selecting the most appropriate KPIs for the purchasing function
  • Improving departmental efficiency and evaluating service delivery to end users
  • Conducting effective surveys to gather feedback

 

  • Upholding ethical standards with suppliers, end users, and within the department
  • Establishing and enforcing purchasing policies and procedures
  • Training and developing staff to ensure ongoing compliance and effectiveness

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