TRAINING COURSES

Advanced Purchasing and Cost Saving Techniques

Start Date: 8 Dec 2019
End Date: 12 Dec 2019
Duration: 5
Fees:
Country: Dubai / UAE
Category: Finance, Accounting & Investment
Details:
Introduction:

Representing more than 60% of the total expenditure, purchasing is one of the major cost items on any organizationís budget. It is also one of the most important activities performed by and takes long time from the organizationís management.



Not only sales activities, but also purchasing activities could contribute positively to the profits of any organization if the later are well-organized and given enough attention. Presently, actual surveys have shown that purchasing consumes too much time that most of it could be used to perform other activities. The main reason for wasting the organizationís high-value time and complicating the purchasing processes/ procedures is the paper work. As a result, purchasing officers erratically treat high-value and less-value purchase items in the same way. This program tackles topics of enhancing purchasing activities/ performance through adopting a new strategic approach.

Objectives:

Upon successful completion of this course, participants should be able to:


Identify the role of purchasing in increasing the organizationís profits


Organize the purchasing department as a profit- generation center controlling purchasing activities


Simplify the purchasing procedures minimizing the paper and document work


Categorize purchasing items and use the ideal cost-effective and efficient purchasing technique for each category


Use the modern techniques to resolve issues of mal-functioning in supply and procurement


Use the modern techniques in selecting and negotiating with suppliers



Replicate experiences of international practices in the field of purchasing

Who should attend:

This program is targeting current and potential purchase managers and department heads working for companies that aim at achieving profits, minimizing costs and better managing their time.

Daily Outlines:

Day One


Role of Purchase activities


1- The importance of purchase activities


2- The importance of purchase activities in maximizing the companyís profits


3- Techniques of cost minimization


4- Organizing purchasing department as a profit center


5- Purchasing activities re-engineering (developing procedures& techniques& paper-work minimization)





Day Two


Purchasing Strategic Planning


1- Conducting the 3-component analysis on purchase items according to importance (categorization)


2- Adopting best strategy for each category


3- How to minimize time, effort and cost on less-value items


4- How to avail the strategic high-value items




Day Three


Techniques to resolve issues of mal-functioning in supply and procurement


1- Reverse- Marketing technique to resolve issues of mal-functioning in supply


2- Marketing of purchase items


3- How to deal with a supplier who has monopoly on specific required purchase items




Day Four


Supplier selecting strategies



1- Identifying suppliers



2- Analyzing supplier competency


3- Qualifying and evaluating suppliers


4- Negotiating with suppliers


5- Supplier development







Day Five


Experiences of international practices in the field of purchasing


1- US experience in purchasing (MRP)


2- Japanese experience in purchasing

 
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