Purchases & Stores

Training Course: Purchasing Management A-Z


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PU235440

14 - 18 Apr 2025

London (UK)

Hotel : Landmark Office Space - Oxford Street

Cost : 5250 € Euro

Introduction

Purchasing Management plays a crucial role in the efficient functioning of any organization’s supply chain. Effective management of purchasing processes not only ensures cost-efficiency but also enhances supplier relationships and overall operational performance. This comprehensive 5-day training program is designed to equip participants with the essential skills and knowledge needed to excel in Purchasing Management, covering everything from strategic sourcing to contract management and continuous improvement.

Objectives

  • Understand the fundamentals of Purchasing Management and its strategic importance within supply chain operations.

  • Learn the role and responsibilities of a Purchasing Manager in driving organizational success through effective procurement strategies.

  • Master key techniques for strategic sourcing, supplier relationship management, and negotiation.

  • Gain insights into cost analysis, pricing strategies, and contract management to optimize purchasing decisions.

  • Develop proficiency in inventory management, logistics, and risk mitigation to ensure smooth supply chain operations.

  • Apply performance metrics and continuous improvement methodologies to enhance purchasing effectiveness and efficiency.

Target Audience

  • Purchasing Managers looking to enhance their skills and knowledge in procurement strategies and supplier management.

  • Supply Chain Professionals involved in purchasing, procurement, and logistics operations.

  • Business Owners and Managers are responsible for procurement decisions and cost management.

  • Anyone interested in pursuing a career in Purchasing Management or seeking to strengthen their understanding of supply chain dynamics.

Outline

Day 1: Introduction to Purchasing Management

  • Overview of Purchasing Management

  • Importance in Supply Chain Management

  • Role and Responsibilities of a Purchasing Manager

  • Strategic Sourcing and Vendor Selection

  • Supplier Relationship Management

Day 2: Procurement Process and Procedures

  • Procurement Planning and Budgeting

  • Purchase Requisition and Approval Process

  • Request for Proposal (RFP) and Tendering Process

  • Negotiation Techniques in Purchasing

  • Contract Management and Legal Aspects

Day 3: Cost Analysis and Pricing Strategies

  • Total Cost of Ownership (TCO) Analysis

  • Cost Benefit Analysis and Value Engineering

  • Price Forecasting and Market Analysis

  • Pricing Strategies and Discounts

  • Managing Price Escalations and Cost Reduction Techniques

Day 4: Inventory Management and Logistics

  • Inventory Control Methods and Techniques

  • Just-in-Time (JIT) Inventory System

  • Warehouse Management and Optimization

  • Transportation and Logistics Management

  • Risk Management in Supply Chain

Day 5: Performance Metrics and Continuous Improvement

  • Key Performance Indicators (KPIs) in Purchasing

  • Supplier Performance Evaluation

  • Lean Procurement and Six Sigma in Purchasing

  • Continuous Improvement Techniques

  • Case Studies and Best Practices

Purchases & Stores

Training Course: Purchasing Management A-Z


Register Now
Quick Inquiry
Discount Group Download Brochure (37)

PU235440

14 - 18 Apr 2025

London (UK) - Landmark Office Space - Oxford Street

Hotel : Landmark Office Space - Oxford Street

Cost: 5250 € Euro


  About London

The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.


  Things to do and places to visit in London

With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.

Some unmissable London attractions include:

  • Seeing priceless masterpieces in the Tate Britain or the National Gallery.
  • Watching the changing of the guard at Buckingham Palace.
  • Visiting Trafalgar Square's famous monument.
  • Marveling at the Crown Jewels in the Tower of London.
  • Getting a bird's eye view of the city from the London Eye.
  • Tasting one of Brick Lane's famous curries.
  • Browsing the exclusive shops of Knightsbridge.
  • Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
  • Admiring design from around the world in the Victoria and Albert Museum.
  • Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
  • Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
  • Eating Britain's most famous dish, fish and chips.
  • Watching the street performers in Covent Garden.
  • Enjoying the views at a South Bank cafe.
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