Description
SUITABLE FOR:
Those involved in purchasing or supply at the operational and supervisory levels.
OBJECTIVES:
By the end of the course, delegates will have:
- Reviewed the concepts and procedures necessary for effective purchasing and supply activities.
- Developed the skills and techniques requiredfor planning and control.
SUMMARY:
A review of the latest thinking on how businesses can best manage their purchasing to optimise supplier input in an increasingly demanding environment.The topics covered include:
Day One
- The future role of purchasing & stores
- Organisation of the purchasing functions
- Purchasing objectives and implementation
- Purchasing policy and procedures
- Improving purchasing productivity
Day Two
- Types of Inventory
- The ABC Inventory classification
- Inventory record accuracy
- Cost in an inventory system
Day Three
- Purchasing research and cost improvement techniques
- Reducing Inventory investment
- Budgetary and cost control
- Target selling
Day Four
- Purchasing in local and international markets
- Currency and pricing
- Case study
- Cycle counting methodology
Day Five
- Materials requirement planning/Just-In-Time techniques
- Maintenance operations and project materials
- Determination of stockholding policy
- Order point and periodic control systems
