DEFINE | Management Consultancy & Training

ADVANCED PURCHASING & COST SAVING TECHNIQUES

Location

Dubai, UAE

Date

From Date: 28-Aug-2023
To Date: 01-Sep-2023

Duration

5 Days

Language

English

Discipline

Introduction

Ref No: SL060
Title: Advanced Purchasing & Cost Saving Techniques
Start Date:          28 August 2023  End Date: 01 September 2023
Venue:                 Dubai, UAE
Fee:                      $5,250

In any of the 5 star hotels. The exact venue will be informed once finalized.

Managing the purchasing department of the 21st Century is not an easy task. Today's global economy makes the purchasing function increasingly complicated. In this course, we will explore how to manage the various suppliers that may be located thousands of kilometers from your plant while achieving real cost savings. Furthermore, we will discover how the purchasing department fits in the overall function of the supply chain operation. Lastly, we will cover how the purchasing department should be managed properly to achieve all of its Key Performance Indicators (KPIs)

Objective

Upon the successful completion of this course, each participant will be able to:-

Understand the different levels of procurement decision making
Understand the different procurement procedures and processes
Understanding the different assessment tools in selecting suppliers, contract types, agreement terms and performance management.
Understanding the procurement management best practices
Understanding the supplier selection criteria

Audience

This course is important for managers, supervisors, executives and team leaders in all vocational operation areas within the organization, such as financial sector, production sector and supply chain, purchasing, importation planning sectors.

Content

Day 1

Procurement and Purchasing Strategies

Supply Chain and Supplier Relationship Management
Supply Positioning and Kraljic grid for Purchasing Decision making
Supply Chain Vertical Integration
Supplier Development Strategies – The 8 steps approach

Day 2

Sourcing and cost saving principles

Procurement management
Purchasing Cycle, Procurement Processes and Procurement Methods
Sourcing and Bidding
Pareto Analysis and sourcing methodology
Out-Sourcing matrix

Day 3

Overview of Contracting and Tendering

Definition of a Contract
Purpose of Contracting
Stages in Contacting
Preparation
Tendering
Award and Administration
Problems in Tendering
Description of Applicable Procedures

Day 4

Overview of Cost Analysis

Supplier Selection criteria
Financial assessment of Payment terms
The Landed cost concept
The TCO concept

Day 5

Price and Cost Analysis

Differences in applying Price and Cost Analysis
Techniques of Price Analysis
Influence of Market Economics
Methods of Cost Analysis
Case study on Cost analysis

NOTE:
Pre & Post Tests will be conducted
Case Studies, Group Exercises, Group Discussions, Last Day Review & Assessments will be carried out.

Certificate

Define Management Consultancy & Training Certificate of course completion will be issued to all attendees

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions, and motivate everybody find the right answers. You will also be encouraged to raise your own questions and to share in the development. of the right answers using your own analysis and experiences. Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

30% Lectures
30% Workshops and work presentation
20% Group Work& Practical Exercises
20% Videos& General Discussions

Course Details