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A highly interactive training course on
Purchasing Management Specialist
Training course overview
This Coventry Academy training course is designed to equip participants with the essential skills to lead procurement teams to achieve world-class performance. It addresses common performance gaps in Purchasing Management that need to be addressed for organizations to continually improve and meet strategic objectives effectively.
The course emphasizes proactive approaches in procurement activities, encouraging participants to focus on strategic initiatives that demonstrate purchasing's creativity, flexibility, and deep knowledge of supply markets. It establishes frameworks for measuring and enhancing purchasing contributions to the organization, elevating this critical function to a core competency.
Key features of the training course include:
- Exploring the skills and attributes necessary for world-class purchasing personnel.
- Methods for measuring and benchmarking leading performance in procurement.
- Selection and application of effective management strategies tailored to procurement challenges.
- Understanding evolving international best practices in procurement.
- Techniques for managing supplier relationships to achieve best-in-class results.
What are the goals?
By the end of this Coventry Academy training course, participants will be able to:
- Learn How to Develop High Performance Purchasing Organisations
- Develop Strategic Purchasing Plans & Discuss How to Improve Internal Customer Service
- Appreciate and See the Analytics That Guide Procurement Strategies
- Explore Many Ways of Reporting Key Performance Indicators (KPIs)
- Understand the Most Important Competencies for Purchasing Personnel
Who is this training course for?
This training course is suitable to a wide range of professionals, but will greatly benefit:
- Procurement and Contracts Personnel
- Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
- Engineering, Facilities, Finance, and Maintenance Personnel
- Personnel Involved in the Planning and Management of Tender Process
- Leaders in the Acquisition of Materials, Equipment and Services
How will this training course be presented?
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.
The training course is highly interactive and will prompt delegates to reflect on their current practices and goals. The tutor will guide and facilitate learning using a wide range of methods including direct input, discussions, case studies and exercises in groups and pairs.
Course Outline
Day One: The 1st Steps to Becoming World Class
- Stages To World Class Purchasing
- How Purchasing is Viewed Today
- Strategic Sourcing
- Developing Spend Profiles and the ABC Analysis
- New Job Descriptions For Purchasing of the Future
- Purchasing Personnel Required Skill Sets
Day Two: Evaluating Your Own Operation
- What are Best Practices
- Purchasing Gap Analysis
- Vision and Mission for Purchasing
- Developing The Purchasing Department Strategic Plan
- Developing Key Performance Indicators (KPIs) For Procurement
- Developing A Company Purchase Price Index
Day Three: Continuous Improvement and How to Get It
- Cost Reduction Initiatives
- Methods of Cost Containment
- Waste In The Supply Chain
- Breaking Down The Elements Of Supplier Cost
- Commodity/Service Strategic Planning
- Resisting Price Increases
Day Four: Supplier Management Approaches
- Supplier Classification System
- Supplier Qualification Methods
- Supplier Performance Metrics
- Apply Performance Criteria to Purchasing Decisions
- Process Mapping To Eliminate Low Value Activities
- Applying eProcurement Business Process
Day Five: Improving the Image of Procurement
- Global Sourcing
- International Labor Rates Comparison
- Developing and Maintaining a Customer Focus
- Basic Issues In Corruption And Fraud Prevention
- Increasing The Level of Procurement Professionalism
- Keeping Current in the Profession
The certificate
- Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course
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