Course Overview
This program is to bring knowledge on the complete cycle of function a purchaser must handle. If these functions are carried out by purchaser, then the role of a purchaser is complete.
The program leader is a trainer with 32 years of industrial experience in area of procurement and supply chain.
Course Objectives
By the end of the 2 days interactive session, the learning curve achieve will enable the following:
- UNDERSTAND the key role of purchasing
- IDENTIFY the key skills and competencies required in order to be an effective purchaser
- DEVELOP action plan to put in place when conducting purchasing function
- UNDERSTAND the key objectives of purchasing
- UNDERSTAND main task to be carry out to ensure successful execution of the purchasing process
- UNDERSTAND the key difference between a purchaser and a procurement function
Course Methodology
This training will involve the following area to enhance learning:
- Power point presentation
- Case studies & Brain storming session
- Discussion on subject of learning
- Facilitating by trainer to enhance understanding of subject matter
- Exercise to evaluate participants understanding
Who Should Attend
This training program is highly recommended for employees involve directly or indirectly in handling purchasing function in the company.
Course Content
Module 1 – The Role of Purchasing versus Procurement
- Definition of Purchasing versus Procurement
- Role of Purchasing in Operational and Business challenges
- Cycle of Procurement function
- Key Fundamental to Effective and Efficient Procurement
- Definition of Strategic and Tactical
- The Ps , Qs and Rs of Procurement
- Supply chain ethical requirement
Module 2 – Sourcing and Suppliers Selection Skills
- Supplier segmentation
- Type of sourcing strategies
- Total cost of ownership
- Should and Open costing
- Basic tendering and reverse bidding process
- Score card for supplier selection
Module 3 – Supplier Management techniques
- The principle of supplier management
- Supplies management key principles
- Proactive versus Reactive Management
- Cycle of supplier management
- Case study
Module 4 – Sustainable Procurement Management
- ESG
- Quality and Sustainable Audits
- BCP risk management
Module 5 – Inventory Forecasting and Management system
- Inventory forecasting method
- Economic order quantity
- Holding cost
- Reorder level and Safety stock
- Consignment and VMI system
Module 6 – Delivery Rules and Contract
- Incoterms, understand point of delivery
- Sales of Good Act, understand the main principle
- Type of documents in delivery contract and which one is most superior
- Type of Purchase order
- Type of Procurement contract
Module 7 – Cost Saving techniques
- Strategies used
- Reporting
Module 8 – Negotiation techniques
- Negotiation model
- Strategies
- Alternatives
