Effective Purchasing Skills Seminar
This Purchasing Seminar will teach your purchasing staff the skills they need to be able to source and buy the supplies and materials you need it at the best price and quality that they can get.
It will introduce them to the analyze the product issues surrounding quality, price, lead times, volumes, and supplier performance.
Instead of haggling solely on price, your staff will learn to look deeper into the development of supplier relations that can lead to significant price reductions through the development of a leaner and more efficient supply chain.
In the many years I spent as a purchaser, I have across many instances where the cheapest is not necessarily the best purchase. Cheap inputs items usually mean lower quality output products that your clients will notice. If you do this enough times, your client might look elsewhere for higher quality products even if it will cost them a little more.
Do your people have the skills they need to really compare prices and quality? What are your Key Performance Indices for your suppliers?
This purchasing seminar will take them through the analysis, concepts and strategies that lead to a better long-term relationship with the best suppliers.
Effective Purchasing is a lot more than just finding the lowest price in the market. It is really about computing the total cost of ownership of a product or service from a supplier so that a rational choice can be made between competing suppliers. Does supplier A or supplier B have the right goods or services, at the right price, at the right quality, in the right quantity, at the right place, at the right time for both the short and the long term?
From the point of view of the total cost of ownership, the low-price supplier may not actually provide the best value for you. Yes, the price might be low, but the volume demanded by the supplier might be much more than you can use in the immediate future. It could also be that you don’t have the warehouse space that the higher volume requires and you will have to spend more to rent or build additional warehouse facilities.
Another reality you have to contend with is the end of life of the part you are buying. Consumer demand these days changes so quickly that it is not wise to keep large quantities of products. A mobile phone you just bought could be obsolete by the time you get to the mall exit. Hence, most businesses try to keep their inventories as low as possible while still being able to meet customer demand. So, a quantity discount may not be that advantageous after all. You run the run of having a large quantity of obsolete and unsaleable stocks.
This changes the definition of the best supplier from the cheapest to the one who is able to supply the right quantity, at the right quality, at the price that is still profitable for you.
The above suggest that purchasing staff need to be trained beyond just canvassing and instead develop supplier relationships that will provide you with a stable supply base for the long term. They need to learn concepts like the impact of short lead times, understanding economic order quantities and developing long term relationships with reliable suppliers.
RMP Consultancy regularly conducts seminars on effective purchasing skills as well as Strategic Purchasing where these concepts, tools and techniques can be learned.
Objectives of this Purchasing Seminar
At the end of the seminar the participants should be able to:
- Determine the total cost of ownership of the products you purchase
- Choose the best products available
- Identify the best supplier
- Apply effective techniques for locating, choosing, negotiating with, and managing suppliers
What you will Cover in this Purchasing Seminar
- Understanding the Purchasing Function
- Understanding how savings in purchasing increases profits
- Understanding Purchasing in a Lean Management Environment
- Purchasing in a Just-in-Time Environment
- Creating the Purchasing Price Abstract: Calculating who really gives the best price
- Understanding Quality Indicators for local products and imported products
- Looking Beyond the Price Abstract
- Calculating Re-Order Points
- Understanding how Lead Time affects Safety Stock Levels
- Calculating Economic Order Quantity to optimize frequency of ordering
- How poor purchasing polices can easily add inventory in the warehouse
- How dead stock is added to inventory
- Calculating the total cost of ownership
- Understanding Supplier Metrics: Developing your supplier quality program
Who Should Attend this Purchasing Seminar?
- Purchasing staff
- Supply chain staff
- Buyers, and
- Businessmen looking for ways to cut costs and improve profit margins.
Purchasing Seminar Methodology
The Purchasing Seminar uses a combination of short lectures, visual presentations, and exercises. More time is spent on hands-on exercises to allow the participants to learn the material presented in a fun and easy manner. The presenter will share many templates in MS Excel in this Purchasing Seminar.
Bring a Laptop
Many of the Lessons to be presented require calculations using MS Excel. It is recommended that you bring your LAPTOP COMPUTER to be able to follow the analysis being demonstrated. A Maximum of 2 participants per laptop may share for optimum learning. Your computer should have MS Excel or equivalent software installed.
Upcoming Purchasing Seminars
21 Jan 2020, Tuesday, Effective Negotiations Skills Seminar,
7 Feb 2020, Friday, Effective Purchasing Skills,
17 Feb 2020, Monday, Strategic Purchasing Management and Negotiation Skills Training (Two Days),
11 Mar 2020, Wednesday, Effective Purchasing Skills,
18 Mar 2020, Wednesday, Strategic Purchasing Management and Negotiation Skills Training (Two Days),
1 Apr 2020, Wednesday, Effective Purchasing Skills,
27 Apr 2020, Monday, Strategic Purchasing Management and Negotiation Skills Training (Two Days),
4 May 2020, Monday, Effective Purchasing Skills,
26 May 2020, Tuesday, Strategic Purchasing Management and Negotiation Skills Training (Two Days),
5 Aug 2020, Wednesday, Effective Purchasing Skills,
Register for one of the Seminars Above
Register for the Seminar
Please Contact Claire or Marco
Landlines: Tel (632) 8697-0767, Tel (632) 8372-4563
Mobile (Globe) 0917-882-5578, Mobile (Smart) 0918-937-3455
Or you can write an email to us and send it to:
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