Advanced Purchasing Strategies
Implement the most advanced purchasing strategies available. This seminar is designed for those who have attended the Essentials of Purchasing® program and for the more experienced buyers who would like to improve their skills. There are significant changes taking place in technology, organizations, and in the role of purchasing. Gain a competitive edge by updating your skills using the most up-to-date purchasing techniques. This seminar will allow you immediate practical application through the use of case studies and exercises.
This program examines, in depth, the top six areas needed most by purchasing
professionals. Come and learn from a world-class professional, “Mr. Purchasing”.
Program Agenda
The Impact of Quality on Cost
- The cost of quality
- Perfect Product Management (PPM) Strategy: a better approach to improved quality
- Specifications: the key to success
- Parts, prints and tolerances
- Standardization: the hidden costs
Developing a Strategic Supplier Strategy
- Why you need to reduce your supplier base
- The four key stages of supplier reduction
- Six steps to developing a strategic supplier strategy
- Eight areas to consider in this strategy
The Impact of Costs on Profits
- Looking at material costs
- The impact of cost savings at your company
- Indirect materials – an old area to revisit
Cost-Price Analysis
- Looking at the components of price
- How to develop a cost estimate
- Some resources for getting cost data
- Sending a cost breakdown sheet with the quote
- Exercise: Case Study – Doing a Cost-Price Analysis
