Purchasing Purchasing best practices

Duration

Classroom training 2 days
E-learning modules 5 x 30’

Dates

To access this program’s dates delivered in a range of Cegos locations across the world, please contact our offices

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Ref. : 8510
How should you tackle the challenges that your purchasing job entails?
What tools will help you manage the complete purchasing process?
How can you analyse your supplier markets and anticipate the inherent risks?
How do you approach the purchasing function in an international context?
 
For whom
Anyone in purchasing (production and non-production): purchasing managers, lead buyers, commodity buyers, project buyers, site buyers, etc  
Objectives
Analyse your purchasing portfolio and the related stakes.
Structure and define specifications.
Survey the market to identify which suppliers to approach.
Understand cost drivers and total cost of ownership in order to set price objectives.
Develop a purchasing strategy and identify the right levers to strengthen your position with suppliers.
Carry out an RFQ and analyse the tenders.
Understand contract clauses in order to reduce legal risks.
Manage suppliers via performance indicators.
Program
1_ Integrated purchasing process
- Mastering the eight steps of successful purchasing.
- Division of responsibilities.
- Analysing expenditure.

2_ Identifying needs
- Analysing needs.
- Working with requesters.

3_ Analysing the supplier market
- Analysing competition in the supplier market.
- Analysing suppliers on their market.

4_ Analysing costs
- Pricing policy.
- Cost models.
- TCO: Total Cost of Ownership.

5_ Purchasing strategy
- Designing and presenting your purchasing strategy.

6_ Tendering and analysing offers
- Mastering the tendering process.

7_ Negotiating
-Learning the five golden rules of negotiation.

8_ Suppliers selection and contracts
- The main contractual risks.

9_ Monitoring supplier performance
- Defining performance indicators.
- Creating your scorecard.


The purchasing process
Purchasing project: needs analysis
Purchasing project: supplier market analysis
Purchasing project: cost analysis
Purchasing strategies
Your blended training path
Benefits for the participant
Master the main steps of successful purchasing.
Anticipate and manage the suppliers' risks.
Assemble an operations toolkit.
Access best practice.
Know how to sell the added value of purchasing.
Benefits for the company
Improve the professionalism of your buyers.
Standardise practices across your purchasing teams.
Unite teams around purchasing best practices.
Develop a purchasing community and network.
Encourage smoother teamwork between internal functions.
Concept
The purchasing rocket: an eight-step process

ANALYSE :
1] Identifying the need
2] Analysing the supplier market
3] Analysing costs
STRATEGY:
4] Building a purchasing strategy
ACTIONS:
5] Tendering and analysing offers
6] Negotiating
7] Contracting
8] Monitoring performance

Carry through a true-to-life corporate purchase process, based on case studies

Look at the three areas of analysis from a fresh perspective:
- Analyse your competitive environment using Porter's model.
- Make every buyer's dream come true by learning to calculate your "target price" using the Cost Model.
- Review the way in which you describe a need by optimising the buyer-seller pair.

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