INTRODUCTION FOR FUNDAMENTAL OF PURCHASING (HOW CAN I BECOME AN EXCELLENT PURCHASER)

In order to ensure the purchasing of the company supplies are managed efficiently and effectively, there is an urgent need to ensure that all the key fundamental of purchasing are met.

This program will deliver to the participants what are the necessary skill to have and steps that must be in place to ensure that the purchasing function are organized and perform to  expectation.

COURSE OBJECTIVES

By the end of the 14 hours by 4 session interactive online session, the learning curve achieve will enable the following: –

• Understand the all necessary purchasing function
• Able to set up the correct procedure
• Understand the key step in order to select the best suppliers
• Implementing cost reduction strategies
• Understand the process of effective negotiation
• Learn why purchasing is so important for a company profitability and growth

WHO MUST ATTEND?

This training program is highly recommended for employees involve in the managing of the purchasing department, buyers who handles day to day purchasing functions, all supply chain personnel’s who are directly or indirectly involve in purchasing and all employees and management level personnel who like to know and understand the key fundamental of purchasing.

METHODOLOGY

This training will involve the following area to enhance learning:

• Power point presentation
• Case studies & Brain storming session
• Discussion on subject of learning
• Post testing will be conducted
• Facilitating by trainer to enhance understanding of subject matter

COURSE CONTENT

Module 1 – Role of Purchasing in the Company

• Business challenges and function of Purchasing
• Key responsibility
• Understand the 7Rs of Purchasing
• The complete cycle of Purchasing

Module 2 – Creating Value to Organization

• Strategic strategy to Leverage suppliers
• Make or Buy analysis
• Cost saving analysis
• Total cost of ownership analysis
• Cost evaluation versus Price Evaluation, advantage and disadvantages

Module 3 – Purchasing Policy and Procedure

• Process of a good purchasing activity
• Understanding the purchase order
• Effective Purchasing Policies
• What to consider when drafting purchasing procedure

Module 4 – Supplier Management

• Best method of implementing supplier segmentation
• Supplier Expediting
• Supplier Performance Measurement
• Relationship and Quality Management System
• Supplier Partnership and Collaboration, what is the difference

Module 5 – Sourcing

• Important of sourcing
• Type of sourcing
• Best Practices for good sourcing
• Evaluating Supplier Bids

Module 6 – Negotiation

• Type of negotiation in purchasing
• Step to Negotiating
• Understand the difference between WATNA and BATNA
• Case study on negotiating

Module 7 – Key Traits Required for a Excellent Purchaser

• Developing the positive traits and habits
• Understand the habits of a successful purchaser
• Check out your strength and weaknesses
• Where to improve and how to improve

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