Advanced Purchasing and Cost Saving Techniques

Start Date End Date Venue Fees (US $)
09 Nov 2025 Riyadh, KSA $ 3,900 Register

Advanced Purchasing and Cost Saving Techniques

Introduction

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).

Objectives

    By the end of the course, participants will be able to:

    • Define the strategic role of the purchasing department
    • Perform accurate supplier evaluation
    • Develop effective negotiation strategies with all suppliers
    • Explain the importance of value analysis to purchasing
    • Evaluate the performance of the department using proper Key Performance Indicators (KPIs)
    • Improve the efficiency of the purchasing department

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

Senior buyers, purchasing supervisors, purchasing managers, and other managers who need to understand purchasing management

Course Outline

Day 1: The Strategic Function of Purchasing

  • The Link of the Purchasing Function with the Organizational Strategy
  • Creating a Purchasing Mission Statement
  • Balancing Quality, Service and Price
  • Things Purchasing Should Strive For
  • Type O Purchasing Manager
  • Type S Purchasing Manager

Day 2: Supplier Evaluation and Negotiation

  • Negotiating with Suppliers
  • Power in Negotiation
  • Planning for Negotiation
  • Achieving the Right Agreements with Suppliers
  • Factors Used to Evaluate Suppliers on Total Performance
  • Ways of Promoting Good Supplier Relations
  • Creating Suppliers as Good Partners
  • Choosing the Right Suppliers

Day 3: Value Analysis

  • 16 Key Strategic Questions to Ask
  • Applying the 16 Strategic Questions
  • Optimizing Purchasing Productivity
  • Adding Value as a Purchasing Manager

Day 4: Managing and Evaluating the Department Performance

  • Centralization versus Decentralization
  • Reasons for Departmental (Macro-Level) Performance Appraisal
  • Managing Other Buyers
  • Key Performance Indicators (KPIs) for Purchasing

Day 5: Improving Purchasing Efficiency

  • Evaluating Service to End Users
  • Conducting the Right Surveys
  • Communicating Better with End Users
  • Ethical Behavior with Suppliers
  • Ethical Behavior with End Users
  • Ethical Behavior within the Department
  • Purchasing Policies and Procedures
  • Training the Staff

Accreditation

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