Fundamentals of Purchasing for New Buyers

Overview
Course Outline
Scheduled Dates

Course Overview

Learning Objectives:

    Be familiar with the fundamentals of Purchasing.
    Recognize the new roles of Purchasing and buyers.
    Become a more efficient and productive buyer through applying the techniques of purchasing management.
    Improve the services provided by your suppliers through more effective negotiations and planning.
    Understand the ethical/legal aspects of purchasing and its possible liabilities.
    Attain a better negotiating position through cost analysis.
    Identify hidden costs and make better buying decisions.
    Increase your company’s savings through better purchasing management – and increase your chances for success.
    Find out how to select and qualify suppliers.

Objective:

Be familiar with the fundamentals of Purchasing.
Recognize the new roles of Purchasing and buyers.
Become a more efficient and productive buyer through applying the techniques of purchasing management.
Improve the services provided by your suppliers through more effective negotiations and planning.
Understand the ethical/legal aspects of purchasing and its possible liabilities.
Attain a better negotiating position through cost analysis.
Identify hidden costs and make better buying decisions.
Increase your company’s savings through better purchasing management - and increase your chances for success.
Find out how to select and qualify suppliers.

Course Outline

Introduction.
How Purchasing Management Adds Value to the Firm:

The purchasing cycle.
Key criteria used to measure a buyer’s performance.
Cost reduction.
Purchasing management policies, procedures, controls and standards.

Supplier Relations:

Requisition and purchasing policies.
Solicitation process: why various types of solicitation are used.
How to qualify and pre-select suppliers.
Assessing the risk in doing business with a supplier.
Assessing competitive market pricing.

Specialized Purchasing Management Tools:

Purchasing/procurement card.
Service contracts.

Exercises and case studies.

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

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Location

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London

London

$4,900

Duration: 5 Days

date: 03 - 07 Feb 2025

London

$4,900

Duration: 5 Days

date: 07 - 11 Jul 2025

London

$4,900

Duration: 5 Days

date: 06 - 10 Oct 2025

Procurement & Supply Chain Management

Fundamentals of Purchasing for New Buyers

Duration:5 Days

date:06 - 10 Oct 2025

London

$4,900

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