Purchasing and Supply Management

Course details

Introduction
Today, customers are becoming more and more demanding, asking for faster delivery, more innovative products, lower cost and top quality. Furthermore, as companies over time have increased their degree of outsourcing and globalized their supplier bases, company success is increasingly becoming dependent on the success of supply chain partners. Since the supply chain has implications across most corporate functions, it is essential for all purchasing staff to have comprehensive knowledge about the subject.

Objective
This is a course program in industrial purchasing. The basic purpose of the class is to convey understanding of the strategy and policies inherent in supply management, as well as descriptive views of the purchasing cycle, functions and procedures. We will explore decision making and the value added from effective and efficient decisions by purchasing personnel.

Who Should Attend
This program is designed for buyers and managers who are responsible for purchasing, logistics, operations and supply chain management, and senior managers from finance, information systems and marketing areas, who all critically interface with the supply chain, purchasing and logistics functions.

Program Benefits
As a participant in this program, you will:

• Learn how to effectively identify and evaluate suppliers
• Get to know how to develop and implement a sourcing strategy and align it with the organization
• Become aware of purchasing’s function within the firm and interface with internal customers
• Familiarize with purchasing’s role in the supply chain to achieve overall performance improvement

Course Coverage
This program is designed as a series of interactive and pragmatic workshops to help participants in understanding, learning, and applying important concepts and tools in their own company settings. A variety of different learning approaches will be used throughout the workshop, including case studies, examples of best practices, simulations and breakout group discussions.

The following topics will be covered:

• Purchasing and supply management vocabulary
• Sourcing strategy development
• Make-vs-buy decisions and outsourcing
• Global sourcing
• Fundamentals of logistics and inventory management
• Strategic sourcing process
• Quality management and service

Updated on 04 April, 2017