International Purchasing & SupplyChain Management

Course details

Effective purchasing and materials management is absolutely essential to an organization seeking to maximize its profitability and effectively support its operating units. This course will give participants the tools and insights necessary for achieving excellence in their international purchasing and materials management operations. The course provides participants with guidelines for using effective techniques in international purchasing and materials management as well as examples of major international purchasing and materials management improvements made by a wide variety of companies in perse industries.

Course Objectives:

By the end of this course, participants will be able to:

• Find the highest quality global suppliers
• Successfully managing the performance of suppliers
• Understand how to utilize the most powerful contract language
• Benchmark world class purchasing activities
• Negotiate effectively with members of other cultures
• Manage inventories in a highly effective manner
• Implement dynamic new purchasing and inventory techniques
• Reengineer purchasing and materials management operations

Course Outlines

• Managing the Complexities of Global Purchasing
• The Impact of the Internet
• Purchasing Best Practices
• International Sourcing Techniques
• Supplier Evaluation and Selection
• Determination of Price-Bidding and Negotiation
• Effective Negotiation Techniques
• Strategic Purchase Planning
• Suppler Partnering
• Drafting the International Purchasing Contract
• Inventory Management Methods
• Reducing Inventory Investment
• Supplier Management and Consignment Inventory
• Structuring the Shipping Transaction
• Reengineering Materials Management
• Supply Chain Management