Productivity And Cost Saving In Procurement

Course Overview:

Procurement is a vital function. It drives any organization’s productivity. There are various cost saving strategies that will lead to the profitability and growth of the company. In this course, those different strategies will be explored. Starting from supplier management and selection. Key performance management. And commodity and value engineering. The course will display case studies, team exercises and interactive environments prevails.

Learning Outcome:

  • Define the strategic role of the purchasing department
  • Perform accurate supplier evaluation
  • Develop effective negotiation strategies with all suppliers
  • Explain the importance of value analysis to purchasing
  • Evaluate the performance of the department using proper KPIs
  • Improve the efficiency of the purchasing department
  • Identify productivity through commodity management
  • Understand how innovation and value engineering could accomplish productivity.

Features Included:

  • Suitable for procurement and supply chain professionals, procurement executives, managers and supervisors.
  • Certificate attained if participant achieve 80% in CHOOLs course exam.
  • Course Material and hand-outs are provided.
  • Course could be customized to businesses and LOGO added to presentations.

Why Choose Chools?

Access to:

• Top 100,000 Ebooks.
• 250,000 Management slides and presentations.
• 1 million excel templates.
• 60,000 business documents.

• 15,000 top books in abstract forms.
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• 50,000 video libraries.

• 1500 training courses.
• 2.6 million Journals and articles.
• 137 Lean Six Sigma toolkit.
• Leadership assessments.
• Quiz, Exam prep, Q&As, Case-studies.

Course Outline:

  • The strategic function of purchasing
  • The link between the purchasing function and organizational strategy
  • Creating a purchasing mission statement
  • Matching the purchasing mission with the company’s mission
  • Writing the department’s objectives
  • Balancing quality, service and price
  • Things purchasing should strive for
  • Type S purchasing manager
  • Supplier evaluation and negotiation
  • Negotiating with suppliers
  • Power in negotiation
  • Planning for negotiation
  • The 13 powers of negotiation
  • Achieving the right agreements with suppliers
  • Factors used to evaluate suppliers on total performance
  • Ways of promoting good supplier relations
  • Creating suppliers as good partners
  • Choosing the right suppliers
  • Value analysis
  • 16 key strategic questions to ask
  • Applying the 16 strategic questions
  • How these 16 questions will reduce total cost
  • Optimizing purchasing productivity
  • Type O purchasing manager
  • Adding value as a purchasing manager
  • The 21st century purchasing manager
  • From pushing papers to strategic thinking
  • Managing and evaluating the department performance
  • Centralization versus decentralization
  • Reasons for departmental performance appraisal
  • Managing other buyers
  • Management by objectives
  • Continuous development for the buyers
  • Key Performance Indicators for purchasing
  • Choosing the right KPIs for purchasing
  • The right number of departmental KPIs
  • Improving purchasing efficiency
  • Evaluating service to end users
  • Conducting the right surveys
  • Communicating better with end users
  • Ethical behaviour with suppliers
  • Ethical behaviour with end users
  • Ethical behaviour within the department
  • Purchasing policies and procedures
  • Training the staff
  • Commodity management
  • Value engineering and innovation