Advanced Purchasing, Tendering and Supplier Selection

Purchasing is a vital function which creates significant impact on the bottom line of the organization. It is essential for the organisation to have an efficient procurement team in finding and developing suppliers and bringing in expertise that is highly valued by the organization. The role of the purchasing function has evolved from transactional to strategic to deliver value for the business.

This training course is intended to provide guidance to participants in the key function of purchasing and departmental cost saving. It will provide participants with an understanding of the principles of purchasing, tendering and supplier selection processes. Participants will learn how to evaluate procedures and make needed changes to methods to improve customer service whilst reduction on time and cost, and obtain added value for money. Lastly, we will cover how the purchasing department should be managed properly to achieve all of its KPIs.

This Advanced Purchasing, Tendering and Supplier Selection training course consists of two modules which can be taken as a 10 Day Training course, or as individual, 5 Day courses

Module 1 – Advanced Purchasing and Cost Saving Techniques

Module 2 – Purchasing Management, Tendering & Supplier Selection

The Advanced Purchasing, Tendering and Supplier Selection training course is based on accomplishing the following objectives:

• Understand the key role of purchasing management as a strategic management tool.
• Become a more efficient and productive buyer through applying the techniques of purchasing management.
• Improve the services provided by suppliers through more effective negotiations and planning
• Understand the ethical/legal aspects of purchasing and its possible liabilities.
• Find out how to select and qualify suppliers.
• Understand best practices in supplier relations, planning and specifying, procurement process, and supplier performance.
• Know how to evaluate the proposals using price analysis and/or cost analysis.
• Perform accurate supplier evaluation
• Develop effective negotiation strategies with all suppliers
• Identify the importance of value analysis to purchasing
• Improve the efficiency of the purchasing function

• Purchasing and contract management professionals
• Professionals involved in defining the specification and evaluating supplier performance
• Professionals involved in preparing and analysing bids
• Professionals with an involvement in supplier relationships
• Professionals whose role involves negotiation with outside agencies

This practical and results-oriented Advanced Purchasing, Tendering and Supplier Selection training course is based on adult learning concept. It will be presented using a combination of interactive presentations, case studies, participant activities and exercises to maximise the impact of the learning experience. Delegates will have ample time to consider the ideas and apply the skills discussed. The seminar will cover both practical and theoretical aspects of purchasing.

Pre & Post course assessments will be used to measure the effectiveness of this training.