The Course Content
Day One: The 1st Steps to Becoming World Class
Stages to World Class Purchasing
How Purchasing is viewed today
Strategic Sourcing
Developing Spend Profiles and the ABC Analysis
New Job Descriptions for Purchasing of the future
Purchasing Personnel Required Skill Sets
Day Two: Evaluating Your Own Operation
What are Best Practices
Purchasing Gap Analysis
Vision and Mission for Purchasing
Developing the Purchasing Department Strategic Plan
Developing Key Performance Indicators (KPIs) for Procurement
Developing a Company Purchase Price Index
Day Three: Continuous Improvement and How to Get It
Cost Reduction Initiatives
Methods of Cost Containment
Waste in the Supply Chain
Breaking Down the Elements of Supplier Cost
Commodity/Service Strategic Planning
Resisting Price Increases
Day Four: Supplier Management Approaches
Supplier Classification System
Supplier Qualification Methods
Supplier Performance Metrics
Apply Performance criteria to Purchasing Decisions
Process Mapping To Eliminate Low Value Activities
Applying eProcurement business process
Day Five: Improving the Image of Procurement
Global Sourcing
International Labor Rates Comparison
Developing and Maintaining a Customer Focus
Basic Issues in Corruption And Fraud Prevention
Increasing the Level of Procurement Professionalism
Keeping Current in the profession