Advanced Purchasing Management & Strategies in Procurement

Name: Advanced Purchasing Management & Strategies in Procurement
Rating: 4.3 (89 reviews)

Value Creation in the Procurement Function using various tools

Last updated 7/2020

English

What you'll learn

1 section • 6 lectures • 2h 37m total length

Introduction19:16
After completion of this lecture, take out some commodities that you are buying regularly.
Understand the policy adopted for it's purchase.
Try to adopt different policies, estimate the benefits & present the proposal to the management.
This way, you will be able create value in your function & increase your visibility in the business.
First Step towards understanding the Value Creation in Purchasing Management29:02
Systematic ways and steps in Negotiations.
What is Reverse Auction.
Details about BATNA
Negotiation- A Strategic Discussion35:27
Systematic Ways of Negotiations.
What is BATNA
Reverse Auction
Big Lip towards creating Value in Purchasing Management35:24
How to Improve Working Capital, Initiatives from Procurement.28:09
Descriptive Questions
Digitization10:10

Basics of Purchasing Management, Value Creation by Purchasing Management

Difference between Purchasing, Procurement, Materials & Supply Chain Management

5 Rs in Purchasing

Policies and Procedures

Supplier Selection

Key performance indicators of Purchasing

a) Cost Management

b) On time delivery Management

c) Quality Management

Working Capital Improvement & Digital aspects

What is DOH & DPO

Safety Stock

Negotiation - A Strategic Discussion

Reverse Auction

Examples

Supplier selection in Auto Industry