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>>> UPDATED AND NEW CONTENT ADDED 1/2017 <<<
Purchasing is no longer just about completing transactions. The crucial role that purchasing and supply management plays in today’s business is based on the need to create value, and those buyers who learn how to leverage their suppliers as collaborative partners will be far more likely to cultivate lucrative, long-term alliance relationships.
Given the modern-day demands of purchasing, strategies like cross-functional teams and the best-in-class analysis of the price-cost-quality relationship are vital. This course examines such tactics, along with the very real ability of a firm’s purchasing function to both reduce inherent costs within the company, and dramatically impact its positive return on investment.
This course was designed and created based on the instructor’s hands-on operational experience and real-world knowledge. With the aim of empowering your business to achieve and implement a world-class purchasing system, this course covers all the basic principles and best practices of purchasing, procurement, and supply chain management.
You’ll discover the most effective techniques for improving quality, cutting total costs, and reducing the time to market. You’ll also learn the best methods for developing and managing collaborative relationships, negotiating and managing buyer-supplier contracts, and converting your firm’s purchasing function into an integral part of its mission and overall business strategy.
By completing this course, you’ll gain all the knowledge and practical skills you need to improve your performance as a purchasing professional, advance your company’s role as a key part of the supply chain, and design, build, and sustain a productive and highly efficient purchasing/supply management department within the framework of your organisation.
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|Section 1: Fundamentals of Purchasing and Supply Management|
Financial Implications of Supply ManagementPreview
Strategic Supply Chain Management
Supply Management within the Organization
Purchasing and Procurement
Cross-Functional Teams - Benefits, Challenges, Problems
Supply Management Relationships with Other Departments and External Environment
Buyer-Supplier Relationship Types
Developing and Managing Collaborative and Alliance Relationships
|Section 2: New Product Development|
The Design Process - The Concept Formation Phase
The Design Process - The Development Phase
The Design Process - The Production Phase
|Section 3: Purchasing Specifications and Standardization|
Purpose and Categories of SpecificationsPreview
Development of Specifications
|Section 4: Quality Management|
Quality Management Approaches
Quality Tools and Methodologies
Supply Management Considerations
|Section 5: Outsourcing Activities and Decisions|
Strategic Issues and Tactical Decisions
Make-or-Buy Decision - Factors
Business Process Outsourcing
Netsourcing and Make-or-Buy Considerations
|Section 6: The Strategic Sourcing Plan Development|
Discovering and Evaluating Potential Suppliers
Selecting, Developing, and Managing Suppliers
|Section 7: Global Supply Management|
Global Management Perspectives
Supply Channels and Direct Suppliers
Currency and Payment Considerations. Countertrade.
|Section 8: Total Cost of Ownership|
Total Cost Components
TCO, NPV Analysis, and Estimated Costs. TCO Importance.
|Section 9: Price and Cost Analysis|
Price and Cost Analysis
Sources of Cost Data. Direct and Indirect Costs.
ABC and Target Costing. Arbitrary Price Increases.
ABC Costing Model - Steps
Designing ABC Costing System : Step 1
Designing ABC Costing System : Step 2
Designing ABC Costing System : Steps 3-6
|Section 10: Methods of Compensation|
Compensation Arrangements - Introduction and General Types
Specific Types of Compensation Arrangements - Part 1
Specific Types of Compensation Arrangements - Part 2
|Section 11: Negotiations|
The Process of Negotiations
Preparation Activities and Techniques
The Debriefing Process
|Section 12: Contract Formation and Legal Considerations|
Dispute Resolution and Basic Legal Considerations
Special Legal Considerations
|Section 13: Contract and Relationship Management. Ethics and Social Responsibility.|
Contract Management and Supplier Performance
Ethics in Supply Management
|Section 14: Achieving and Implementing World-Class Purchasing|
Purchasing Planning Function
Organizing, Staffing, and Directing Function
Controlling and Evaluation
The Future of Supply Management
Operational Excellence Training is a leading provider of high-quality courses and programs related to Industrial Management, Health and Safety at Work, Transportation, Supply Chain Operations, Manufacturing and Warehouse Management.
Currently, our team includes 5 instructors with expertise in manufacturing, logistics, operations, and services. All the instructors are international-level experts, having 15+ years of practice and Master’s Degree in their relevant field.
Among other professional recognitions, our instructors are members of APICS (Association for Supply Chain and Operations Management), Certified Supply Chain Professionals (CSCP), Certified Lean Six Sigma Black Belts (Acuity Institute) and Certified in Sales and Operations Planning (S&OP Institute).
Our mission is simple: we aim to provide an interactive and engaging learning experience for professionals all around the globe and help them understand and adapt to the requirements of modern management.
The courses we create are structured in a step-by-step manner and contain up-to-date content and comprehensive resources that get our students to the next level.
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