Supply Chain, Logistics & Warehouse Training

Effective Purchasing, Tendering and Supplier Selection Strategies

Practical techniques and vital information to enhance the purchasing function’s contribution to your organization’s bottom line

Worldwide competitive pressures require greater contribution from the purchasing and supply management functions and suppliers to improve the organization’s relative position on quality, price, technology, and responsiveness—that doesn’t mean sitting around and waiting for it to happen!  What are you doing about strategic sourcing, early supplier involvement, and alliances/partnering in your supply base?

Here are some interesting general observations based upon recent purchasing analyses:

  • Each day, buyers spend hundreds of millions of dollars which can account for anywhere from 20-70% of an organization’s revenue, budget, or sales dollar.
  • An analysis of payments has shown that, in most companies, 50-60% of the number of checks to vendors is of payments of less than $1,000.
  • These payments often represent less than 5% of the annual purchase spend.
  • The payments under $1,000 represent the disbursements and approximately 10% of the dollars.

What this means is that the same elaborate procedures, skill sets, and extensive efforts are being expended for the small, as well as large purchases.  Therefore, the degree of skill exercised in the purchasing process can make the difference between profit or loss and between cost savings or cost overruns.

Learning the skills offered in Effective purchasing, tendering & supplier selection strategies training can make a difference in the way you plan and execute the purchasing function within your organization.  Plan to attend this exciting opportunity to refine your thinking and find out what you can do to become even more effective on the job.

At this powerful training on effective purchasing, tendering & supplier selection strategies, you will learn how to:

  • Manage the big picture effectively by inter-departmental coordination in a strategic purchasing environment.
  • Examine purchasing organizational concepts, personnel training and educational factors, and purchasing job descriptions.
  • Prepare plans, set goals and objectives for contribution to the bottom line and cost effectiveness.
  • Decide what sourcing strategies and expectations can be used to enhance supplier quality and productivity and optimize the supply base.
  • Broaden your perspective about what factors in the business environment affect purchasing decisions and how purchasing should monitor, appraise, and evaluate these factors through performance reports.
  • Use electronic commerce, solicitations, and purchasing/procurement cards for operational management and decision support to improve productivity and enhance decision making.
  • Maintain cooperative relationships with suppliers in order to realize maximum cost efficiencies and continuity of service.
  • Understand the price/cost concept and legal aspects of purchasing.
  • Exchange insights and information about the problems you face everyday with other professionals, developing a network of executives with whom you can share information both during the seminar and beyond.
  • Ensure that communication is clear and concise internally, both between you and your staff-and externally with vendors, suppliers, and contractors.
  • Understand the “ins and outs” of strategic sourcing, early supplier involvement, supplier empowerment, outsourcing, and value-added supply management.
  • Improve your ability to communicate results to top management about selling purchasing’s contribution to the overall organizational goals.
  • Develop a better understanding of strategic physical supply management and its inherent “new wrinkles.”
  • Prepare yourself for the use of specialized purchase instruments and their contracting alternatives in the contracting process.

Who should attend effective purchasing, tendering & supplier selection strategies?

Effective Purchasing, Tendering, & Supplier Selection Strategies is designed to give purchasing, procurement, supply management, or materials management agents, supervisors, managers, directors, and vice-presidents

It is designed for those who make tactical decisions and develop strategies within the purchasing or supply management function.

Note: Kindly provide company email address. Personal email addresses such as gmail, yahoo, hotmail and others will be filtered automatically by system.

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