Euro-training Center
 Advanced Purchasing Management L338 QR Code
Share (34) Like Download Brochure (PDF) Dates and locations

Advanced Purchasing Management

Overview:

Introduction:

This training program is designed to provide participants with an in-depth understanding of advanced strategies and techniques in purchasing management. It empowers participants to enhance their purchasing functions and drive greater value and efficiency within their organizations.

Program Objectives:

At the end of this program, participants will be able to:

  • Develop and implement advanced purchasing strategies.

  • Manage supplier relationships and performance effectively.

  • Conduct comprehensive cost analysis and cost-saving initiatives.

  • Master advanced negotiation techniques for better procurement outcomes.

  • Utilize technology to streamline purchasing processes.

  • Apply best practices to improve overall purchasing performance.

Targeted Audience:

  • Purchasing managers and officers.

  • Procurement specialists.

  • Supply chain managers.

  • Operations managers.

  • Buyers and sourcing professionals.

  • Individuals seeking to advance their careers in purchasing and procurement.

Program Outline:

Unit 1:

Strategic Purchasing Management:

  • Introduction to advanced purchasing principles and strategies.

  • Developing a strategic purchasing plan.

  • Aligning purchasing with organizational goals and objectives.

  • Risk management in purchasing.

  • Case studies on successful strategic purchasing initiatives.

Unit 2:

Supplier Relationship Management:

  • Building and maintaining strong supplier relationships.

  • Supplier performance evaluation and improvement.

  • Strategic supplier partnerships and collaboration.

  • Conflict resolution and managing supplier disputes.

  • Techniques for effective supplier communication.

Unit 3:

Cost Analysis and Management:

  • Conducting cost analysis and identifying cost drivers.

  • Cost reduction strategies and techniques.

  • Total cost of ownership (TCO) analysis.

  • Value analysis and value engineering in purchasing.

  • Tools for tracking and managing procurement costs.

Unit 4:

Advanced Negotiation Skills:

  • Advanced negotiation strategies and tactics.

  • Preparing for complex negotiations.

  • Win-win negotiation approaches.

  • Managing multi-party and cross-functional negotiations.

  • Negotiation simulations and role-playing exercises.

Unit 5:

Technology in Purchasing:

  • Overview of e-procurement systems and tools.

  • Implementing procurement software and automation.

  • Data analytics and decision-making in purchasing.

  • Blockchain and other emerging technologies in procurement.

  • Future trends and innovations in purchasing technology.

Select training course venue