Fundamentals of Purchasing

This program begins with the key concepts underlying a world-class purchasing and supply organization and moves through leading-edge issues, including e-commerce. Through a variety of interactive methods

How You Will Benefit

Participants will discover innovative techniques and effective tools to become valuable assets to their organizations. Leave this seminar with confidence in your newly acquired skills to effectively perform your job

What You Will Cover

•  Developments in purchasing and supply management role of purchasing and supply; How to identify objectives for effectiveness

•  Five perspectives on evaluating and redesigning the supply management process

•  Three strategic sourcing and sourcing analysis commodity and category management

•  Supplier management skills — When, where and howto use RFIs, RFQs, RFPs and competitive bidding;

•  Approaches to supplier identification,evaluation, selection and performance measurement
•  Four key elements of negotiation

•  Five essential cost management techniques

•  Ethical and legal aspects of supply management

Who Should Attend

For new purchasing and supply management professionals; experienced professionals wishing to refresh and update their skills; and personnel who work with purchasers or suppliers.

Training Approach

Your training experience with HOM includes:

• Pre- program assessments to clarify your development needs

• In class highly engaging experiential leaning activities

• Post –program ongoing support through application tool kits and  phone call coaching sessions