Analytical Methods for Improved Purchasing Performance

The main objective of this training course is to empower professionals with—

•         complete knowledge and information of analytical methods used to evaluate purchasing performance and how they help improve the purchasing performance of an organisation
•         the necessary knowledge and understanding of advanced analytical tools and methods used to evaluate purchasing performance
•         the required skill and confidence to undertake training of other professionals to help apply analytical tools and methods to assess and improve purchasing performance
•         the confidence and experience to conduct regular checks on the methods being used and reports being generated for purchasing performance
•         better decision-making and analytical skills, using all available data and information to make well-informed and correct decisions

Core Purchasing Strategies

•         Supplier optimisation
•         Total quality management
•         Risk management
•         Global sourcing
•         Vendor development
•         Green purchasing

Key Performance Indicators of Purchasing

•         Cost saving
•         Quality
•         Delivery of purchase items

Metrics of Purchasing Performance

•         Efficiency
•         Effectiveness
•         Functionality

Steps to Purchasing Practices

•         Get buy-in to review purchasing performance
•         Understand current buying policies and procedures
•         Assess impact on suppliers, workers and buying businesses
•         Develop an improvement plan
•         Implement the plan

Factors Influencing Purchasing Performance

•         Operational and administrative activity
•         Commercial activity
•         Part of integrated logistics
•         Strategic business area

Improved Methods for Evaluating Purchasing Performance

•         True cost
•         Saving
•         Inventory flow
•         Transportation

General Purchasing Improvement Methods

•         Centralise purchasing
•         Plan for purchases
•         Focus on quality
•         Purchase locally
•         Build long-term supplier relationships
•         Explore outsourcing purchasing
•         Ensure top management agreement
•         Understand inventory carrying costs
•         Base supply-chain management on real-time demand
•         Negotiate constantly
•         Maintain a clear, documented purchasing strategy
•         Ensure adequate training

Benefits of Evaluating Purchasing Performance

•         Better decision making
•         Better communication
•         Better visual inspection and checks
•         Better motivation

FOR WHOM:

Stores Purchasing and Logistics Personnel in the Public and Private Sectors

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.