The strategic function of purchasing The link between the purchasing function and organizational strategy Creating a purchasing mission statement Matching the purchasing mission with the company’s mission Writing the department’s objectives Balancing quality, service and price Things purchasing should strive for Type O purchasing manager Type S purchasing manager Supplier evaluation and negotiation Negotiating with suppliers […]
Module 1: Analyze spend categories Recognizing strategic role of procurement Strategic sourcing in supply chain context Steps to strategic sourcing Analyzing spend categories Profiling spend categories Analyzing financial impact Assessing market risks Consolidating category reports Operating the strategic sourcing toolkit Applying Total Cost of Ownership (TCO) Segmentation and analysis of suppliers Module 2: Develop sourcing […]
Course Objectives By the end of the course, participants will be able to: Apply the modern principles of the purchasing function Utilize best practices in purchasing strategies and processes Use all the skills required to be a successful buyer Improve the efficiency of buying goods and services Learn how best to select and negotiate with […]
Vendor validation process Words of wisdom on managing vendor relationships Sources for gathering information Vendor status prequalification questionnaires Vendor risk assessments Sustainable vendor relations Triple bottom line Economic success Social development Environmental sustainability Vendor development and integration Vendor development Vendor diversity programs Supplier certification Electronic Data Interchange (EDI) Partnering typologies Managing vendor performance Vendor performance […]
