Purchasing and Supplier Management

Purchasing and Supplier Management

The Purchasing and Supplier Management course is designed for professionals seeking to enhance their expertise in procurement and supplier relationships. In today’s competitive business environment, effective purchasing strategies and strong supplier management are crucial for maximizing value, minimizing risks, and driving operational efficiency. This five-day executive education program provides a comprehensive exploration of procurement principles, supplier selection, negotiation techniques, and performance management.

Duration – 5 days

Category:

Purchasing and Supplier Management

Overview
Learning Path
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Admissions

The Purchasing and Supplier Management course is designed for professionals seeking to enhance their expertise in procurement and supplier relationships. In today’s competitive business environment, effective purchasing strategies and strong supplier management are crucial for maximizing value, minimizing risks, and driving operational efficiency. This five-day executive education program provides a comprehensive exploration of procurement principles, supplier selection, negotiation techniques, and performance management.

Participants will learn how to develop effective purchasing strategies that align with organizational goals, build and maintain strong supplier partnerships, and navigate the complexities of global supply chains. Through a combination of theoretical insights, case studies, and interactive discussions, attendees will acquire practical skills and tools to optimize their procurement processes and contribute to their organization’s overall success.

Learning Objectives

Understand the key principles and best practices of purchasing and supplier management.
Develop effective strategies for supplier selection and evaluation.
Enhance negotiation skills to secure favourable purchasing agreements.
Implement performance measurement and management techniques for suppliers.

Course Outline

Day 1: Introduction to Purchasing and Supplier Management

  • Define the role of purchasing within the supply chain and its impact on organizational success.
  • Explore the strategic importance of effective supplier management.
  • Understand the different types of purchasing and procurement processes.
  • Discuss the regulatory and ethical considerations in purchasing practices.

Day 2: Supplier Selection and Evaluation

  • Learn how to identify and select suppliers that align with organizational objectives.
  • Explore techniques for evaluating supplier performance and capabilities.
  • Discuss the importance of risk assessment in the supplier selection process.
  • Examine case studies of successful supplier selection strategies.

Day 3: Negotiation Skills for Purchasing Professionals

  • Develop essential negotiation skills and techniques specific to purchasing and supplier management.
  • Understand different negotiation styles and when to apply them.
  • Explore strategies for achieving win-win outcomes in supplier negotiations.
  • Participate in role-playing exercises to practice negotiation scenarios.

Day 4: Managing Supplier Relationships

  • Learn strategies for building and maintaining strong relationships with suppliers.
  • Discuss the importance of communication and collaboration in supplier management.
  • Explore techniques for resolving conflicts and addressing performance issues.
  • Understand how to leverage technology and data analytics in supplier relationship management.

Day 5: Performance Measurement and Continuous Improvement

  • Discover key performance indicators (KPIs) for evaluating supplier performance.
  • Learn how to conduct supplier audits and assessments.
  • Explore strategies for continuous improvement in procurement and supplier management.
  • Discuss emerging trends and technologies affecting purchasing and supplier management.

Who is it for?

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This course is for you!

Procurement professionals and purchasing managers looking to deepen their knowledge of supplier management.

Supply chain managers and operations leaders involved in sourcing and supplier relationship management.

Business professionals seeking to improve negotiation skills and purchasing strategies.

Individuals from diverse sectors including manufacturing, retail, healthcare, and technology.

Accreditation

This course is accredited by the CPD Standards Office, ensuring that participants receive recognized continuing professional development credits. Upon completion, participants will be awarded a certificate acknowledging their expertise in leading AI and digital transformation initiatives, further enhancing their professional development and career prospects.

Progression

After successful completion of this course, you could progress on to

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