Why Choose this Training Course?
This Strategic Purchasing & Supply Management online training course guides delegates through the strategic development and implementation of purchasing practices aimed at reducing operating costs while enhancing quality and productivity. As supply chain management becomes increasingly critical, purchasing has evolved from a transactional function to a key strategic role within organizations.
Given the competitive pressures of today's market, companies are compelled to rethink their approach to managing suppliers and their supply base. Effective purchasing is now seen as a strategic tool that fosters collaborative relationships, thereby offering firms a competitive edge. The course emphasizes that simply adopting a strategic purchasing orientation is insufficient; organizations must also cultivate an environment that allows both buyers and suppliers to contribute to and develop these crucial relationships. By leveraging various supply management practices, participants will learn to optimize these relationships for mutual benefit.
What are the Goals?
By the end of this COPEX online training course delegates will be able to:
- Set Strategies for Procurement
- Build a Distinctive Capability in Strategic Purchasing
- Evaluate Purchasing Key Liaison Role Between External Suppliers and Internal Organizational Customers
- Improve Profitability by Controlling Total Costs
- Examine Sustainable Competitive Advantage by Enabling a Firm to Build and Leverage Beneficial Inter-Organizational Relationships
Who is this Training Course for?
This COPEX online training course is suitable to a wide range of professionals, but will greatly benefit:
- Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
- All Others Who are Involved in the Planning, Evaluation, Preparation and Management of Purchasing and Contracts that Cover the Acquisition of Materials, Parts, Equipment, and Services and Who Are in Organizations Whose Leadership Want High Levels of Excellence in Those Involved in These Activities
Course Outline
Day One: Setting the Strategic Direction
- Defining the supply management mission and vision
- Stages to world class Supply Management
- Becoming more strategic in procurement
- Supply Management skill sets
- Developing the Spend analysis
- The ABC (Pareto) analysis
Day Two: How do you know that you got a Good Price?
- Supplier Pricing models
- Defining Cost and Price analysis
- Methods of Price analysis
- Working with Producer Price Indexes
- Developing the Organization’s purchase price index
- Estimating Cost in relationships
Day Three: Getting a Better Price by Analysing Cost
- Methods of Cost analysis
- Major elements of Cost
- What and how important are Supplier overheads
- Sources of cost information
- Analysing Supplier cost breakdowns
Day Four: Using Price, Volume, International Labour and Value Analysis
- Global Industrial Labour Rates
- Working with Currency Exchange Rates
- Cost Volume Profit Analysis
- Fixed and Variable Costs Defined
- Defining Value Analysis
- Checking Supplier Value
Day Five: Total Cost of Ownership (TCO)
- Changing Supply Management
- Defining TCO
- Barriers to TCO
- Approaches to TCO
- Total Cost Modelling of the Supply Chain
- Implementing TCO
The Certificate
- A COPEX e-Certificate will be provided to delegates who attend and complete the online training course
Material published by Copex shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
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Duration:5 days
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Format:Online
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Language: English
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Certificate:Yes
