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Advanced Purchasing & Strategic Supply Management
Purchasing and Supply Chain | Training | 06 Jun 10 - 08 Jun 10
Gulf Hotel Bahrain, Bahrain

Course Summary

· How to be Successful While Maintaining Professional Ethics within a Legal Environment
· Policies and Procedures
· The Supplier Relationship
· Specialized Purchasing Techniques
· Inventory Control Made Easy
· Top Management Philosophy and Expectations from Purchasing
· Organizational Concepts and Relations
· The Environment of Purchasing Planning
· Increasing and Improving Supplier Utilization
· Strategic Physical Supply Management
· Purchasing and Electronic Commerce
· Specialized Purchasing Instruments and the Contracting Process
· Reporting and Evaluating Performance
· Performance Reports and Purchasing Metrics

Course Overview

Worldclass procurement organizations spend 30% less on procurement operations than their peers and operate with nearly half the staff, according to research into worldclass performance from The Hackett Group, a business advisory firm. At the same time, these worldclass companies achieve 60% higher return on investment (ROI) than typical companies and rely on less than half as many suppliers.
As a midlevel to senior purchasing professional, you are the key in the purchasing and physical supply process. Advanced technology, sophisticated marketing approaches, and expanded requirements for goods and services have made the purchasing job more complex than ever before.
What this means is that the same elaborate procedures, skill sets, and extensive efforts are being expended for the small, as well as large purchases. Therefore, the degree of skill exercised in the purchasing process can make the difference between profit or loss and between cost savings or cost overruns.
Today, purchasing must be the most progressive group in the company. Your systems, techniques, and operational theories must be flexible and dynamic. The typical philosophy of "We have done it that way for 20 years, so it must be good," or, "We make money in spite of ourselves!" does not apply to the 21st century.
Remember: Each day, buyers spend hundreds of millions of dollars which can account for anywhere from 2070% of an organization's revenue, budget, or sales dollar. For a typical organization with a 5% net profit, a reduction of $100,000 in the cost of purchased materials or services is equivalent to an increase in sales or budget revenues of $2 million— and it can be a lot easier to attain!
Learning the skills offered in Strategic Purchasing & Supply Management can make a difference in the way you plan and execute the purchasing function within your organization.

Attend this exciting course to refine your thinking and find out what you can do to become even more effective on the job.

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