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Effective Purchasing

$540.00

Effective Purchasing

$540.00

This Course builds a foundation on the introduction of the principles of purchasing, whilst focusing on the tools and techniques for purchasing in a changing global environment.

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EFFECTIVE PURCHASING

PROPOSED CERTIFICATION:

UWI ENDORSED CERTIFICATE

DURATION:

40 HRS (10 weeks @ two days weekly)

DATE:

DAYS:

Tuesdays & Thursdays

TIME:

6:00 p.m. – 800 p.m.

VENUE:

NRDF

COST:

$545.00 to be paid by (2 instalments of $272.50)
50% deposit upon commencement and 50% one (1) month later

BACKGROUND:

This Course builds a foundation on the introduction of the principles of purchasing, whilst focusing on the tools and techniques for purchasing in a changing global environment. The programme is designed to take cognisance of the prominent role on the subject of Negotiation in the purchasing process. Trainees will be armed with the techniques and strategies of negotiation.

The Programme concludes with an assessment and evaluation, the results of which will be submitted to the Company for its records or assessment.

TARGET GROUP:

Employees of Store Keeping, Accounting, Inventory Control, Sales, Merchandising, Purchasing and other related functions within the Hotels, Super Markets, Statutory organizations, Government Ministries, Warehouses, Retail and Whole Sale distributors.

COURSE CONTENT

MODULE 1

The Principles of Purchasing
Key Principles and Objectives of Purchasing
Specifying Requirements
Ethical Issues & Standards
Common Purchasing Myths
Methods of Cost Minimization

MODULE 2

Selection of the Right Supplier
Understanding the Purchasing Process
Supplier Relations, Evaluation and Selection
Research – sources of information.
Things you should or should not tell a supplier

MODULE 3

Effective Negotiation in Purchasing
Planning and Preparation of a Negotiation
Basic Negotiation roles, Objectives and Strategies
Follow-up to the Negotiation
Conduct of Negotiation
Personalities & Negotiation

MODULE 4

Tools and Techniques for Purchasing
Importance of the Current Tools and Techniques
National and International Standards
Forms used in most formal purchasing
How to measure purchasing savings

MODULE 5

The Use of IT/IS in Purchasing
The Significance and Impact of Electronic Systems in
Using the computer for better Purchasing
Identifying and Evaluating Suppliers.
Managing Time
How you can improve communication
Things you can do to communicate

ASSESSMENT:

Participants will be assessed and graded through course work, class discussions and an examination at the end of the course.

Tutor:

Marnella Ismael, AMBE/MBA

Additional information

Hours

40

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