Advanced Purchasing Management

Download Brochure

This course delves into advanced purchasing strategies to optimize procurement operations. Participants will learn how to develop strategic sourcing plans, manage supplier relationships, and implement cost-saving initiatives.

Objectives

By the end of this course, participants will be able to:

• Apply advanced purchasing techniques to drive value.
• Develop strategic sourcing and procurement plans.
• Foster strong supplier relationships for long-term success.
• Implement cost reduction and risk mitigation strategies.
• Utilize data and analytics for procurement decision-making.

Who Should Attend?

• Senior procurement professionals and managers
• Supply chain leaders and strategic buyers
• Business executives involved in procurement decisions
• Anyone seeking to enhance their purchasing expertise

Course Outline

Day 1: Strategic Purchasing and Sourcing

• The evolution of purchasing from transactional to strategic
• Developing sourcing strategies aligned with business goals
  Day 2: Supplier Management and Negotiation
• Building partnerships with key suppliers
• Advanced negotiation tactics for procurement professionals
  Day 3: Cost Management and Value Optimization
• Identifying cost-saving opportunities in procurement
• Total cost of ownership (TCO) and value-based purchasing
  Day 4: Technology and Data-Driven Purchasing
• Leveraging procurement technologies for efficiency
• Using data and analytics to inform purchasing decisions
  Day 5: Risk Management and Continuous Improvement
• Managing risks in global supply chains
• Continuous improvement frameworks in purchasing