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Supply Chain, Purchasing and Logistics ManagementFundamentals of Purchasing for New Buyers


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  • United KingdomLondon
  • 05 - 09 Jun 2023
  • 20 CPD hours
  • $5,900.00
  • Overview
  • Course Outline
  • Scheduled Dates

Course Overview

Learning Objectives:

    Be familiar with the fundamentals of Purchasing.
    Recognize the new roles of Purchasing and buyers.
    Become a more efficient and productive buyer through applying the techniques of purchasing management.
    Improve the services provided by your suppliers through more effective negotiations and planning.
    Understand the ethical/legal aspects of purchasing and its possible liabilities.
    Attain a better negotiating position through cost analysis.
    Identify hidden costs and make better buying decisions.
    Increase your company’s savings through better purchasing management – and increase your chances for success.
    Find out how to select and qualify suppliers.

Objective:

  •   Be familiar with the fundamentals of Purchasing.
  •   Recognize the new roles of Purchasing and buyers.
  •   Become a more efficient and productive buyer through applying the techniques of purchasing management. 
  •   Improve the services provided by your suppliers through more effective negotiations and planning. 
  •   Understand the ethical/legal aspects of purchasing and its possible liabilities. 
  •   Attain a better negotiating position through cost analysis. 
  •   Identify hidden costs and make better buying decisions.
  •   Increase your company’s savings through better purchasing management - and increase your chances for success. 
  •   Find out how to select and qualify suppliers.
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Course Outline

  •   Introduction.
  •   How Purchasing Management Adds Value to the Firm:

              The purchasing cycle.
              Key criteria used to measure a buyer’s performance.
              Cost reduction.
              Purchasing management policies, procedures, controls and standards.

  •   Supplier Relations: 

              Requisition and purchasing policies.
              Solicitation process: why various types of solicitation are used.
              How to qualify and pre-select suppliers.
              Assessing the risk in doing business with a supplier.
              Assessing competitive market pricing.

  •   Specialized Purchasing Management Tools:

              Purchasing/procurement card.
              Service contracts.

  •   Exercises and case studies.
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Schedule & Fees

2+1Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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  • Engineering

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London

EP LocationLondon

$5,900.00

  • Engineering

5 Days 20 CPD hours

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London

EP LocationLondon

$5,900.00

  • Engineering

5 Days 20 CPD hours

Register Now
Amsterdam

EP LocationAmsterdam

$5,900.00

  • Engineering

5 Days 20 CPD hours

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Dubai

EP LocationDubai

$5,900.00

  • Engineering

5 Days 20 CPD hours

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Paris

EP LocationParis

$5,900.00

  • Engineering

5 Days 20 CPD hours

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Paris

EP LocationParis

$5,900.00

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Fundamentals of Purchasing for New Buyers

  • United KingdomLondon
  • 05 - 09 Jun 2023
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