The purchasing function is essential to any organisation. Who, what, where, when and how are all questions that need to be resolved in a way that optimises the company’s resources and output. This course deals with the many facets of the purchasing process in order to help new buyers, experienced buyers, sourcing managers and any professional with purchasing responsibilities feel confident to carry out their duties successfully and with the company’s best interests in mind.
The eight modules in this course are:
The purchasing process – gain an overview of the purchasing process, stakes and key players and analyse your purchasing portfolio
Purchasing project: needs analysis – learn to assess a purchasing project’s technical file, use quantitative and financial data in your analysis and optimise specifications
Purchasing project: supplier market analysis – learn operational tools such as Porter, SWOT the nine point risk and profit concentration and analysis matrices in order to understand market forces and choose the best suppliers on the market
Purchasing project: cost analysis – apply an innovative approach to operating cost analysis by learning the total cost of ownership, the mechanics of pricing and cost models based on cost drivers
Purchasing strategies – discover how to define a purchasing strategy, analyse purchasing risks, identify strategic levers and action plans
The legal foundations underlying purchase contracts – understand the legal rules governing relations between purchasers and suppliers and how they protect commitments both ways
Procurement best practices – learn how to work efficiently with internal customers in terms of your department’s ordering process
Optimising inventory management – find out how to manage your inventory efficiently by understanding different types of inventory and how they impact finances, keeping the right stock level and classifying product families.