Introduction to Effective Purchasing
Course Overview
Key Objectives of the Buyer : Profit Contribution, Developing Professionalism
The Purchasing Cycle : Essential Processes, RFQ's, Sourcing Tools, Quotation Analysis, Expediting
Selecting the Supplier : Vendor Questionnaires, Assessment, Order Placement
Cost : Identifying Total Acquisition Cost, Basic Cost Analysis
Quality: What it is and how to get it! ISO 9001 QMS, Vendor Rating
Buying from Overseas : Customs, ICC Incoterms 2020, Import Valuation
Negotiation : Key Phases, Preparation, Techniques and Tactics
Introduction to Legal Aspects : Formation of Contract, Importance of Buyer's Terms, Legislation
Case Studies & Team Exercises are used throughout the course to illustrate the practical application of the various principles and techniques
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A two day course
Aimed at personnel new to purchasing or with limited experience, this course enables them to hit the ground running and make an immediate contribution. The course equips attendees with the fundamental skills and knowledge to transform them from simply being order placers into more professional and productive members of the purchasing team.
Outcomes
Attendees will gain an understanding of the contribution professional purchasing can make to an organisation. They will learn how to manage the enquiry process, negotiate prices, terms and conditions and make robust agreements with their suppliers. The importance of professional conduct in commercial relationships and the necessity of compliance with efficient procurement processes are also emphasised.
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