An intensive professional development training course on
Strategic Purchasing & Supply Management
Cost/Price Analysis, Value Analysis & Total Cost of Ownership Concepts
Why Choose Strategic Purchasing & Supply Management Training Course?
This Strategic Purchasing & Supply Management training course guides participants through the process of developing and implementing effective strategies for procuring goods, parts, equipment, and services. The goal is to lower operating costs while enhancing quality and productivity. As supply chain management gains prominence, the role of purchasing has evolved from a routine buying function into a key component of strategic business planning.
In today’s highly competitive environment, organizations are rethinking how they manage suppliers and their supply networks. Purchasing is now seen as a strategic asset, crucial for building collaborative relationships that give firms a competitive edge. The value derived from supplier relationships depends heavily on how those relationships are managed. Therefore, having a strategic purchasing mindset is not enough—companies must also foster environments where both buyers and suppliers can actively contribute and strengthen their partnerships. A variety of supply management practices support and enable this collaboration.
What are the Goals?
By the end of this training course, delegates will be able to:
- Set Strategies for Procurement
- Build a Distinctive Capability in Strategic Purchasing
- Evaluate Purchasing Key Liaison Role Between External Suppliers and Internal Organizational Customers
- Improve Profitability by Controlling Total Costs
- Examine Sustainable Competitive Advantage by Enabling a Firm to Build and Leverage Beneficial Inter-Organizational Relationships
Who is this Training Course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
- All Others Who are Involved in the Planning, Evaluation, Preparation and Management of Purchasing and Contracts that Cover the Acquisition of Materials, Parts, Equipment, and Services and Who Are in Organizations Whose Leadership Want High Levels of Excellence in Those Involved in These Activities
How will this Training Course be Presented?
This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. Participants will gain detailed knowledge by active participation in seminars, group discussions and real life case studies.
The Course Content
- Defining the supply management mission and vision
- Stages to world class Supply Management
- Becoming more strategic in procurement
- Supply Management skill sets
- Developing the Spend analysis
- The ABC (Pareto) analysis
- Supplier Pricing models
- Defining Cost and Price analysis
- Methods of Price analysis
- Working with Producer Price Indexes
- Developing the Organization’s purchase price index
- Estimating Cost in relationships
- Methods of Cost analysis
- Major elements of Cost
- What and how important are Supplier overheads
- Sources of cost information
- Analysing Supplier cost breakdowns
- Global Industrial Labour Rates
- Working with Currency Exchange Rates
- Cost Volume Profit Analysis
- Fixed and Variable Costs Defined
- Defining Value Analysis
- Checking Supplier Value
- Changing Supply Management
- Defining TCO
- Barriers to TCO
- Approaches to TCO
- Total Cost Modelling of the Supply Chain
- Implementing TCO
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
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