Fundamentals of Purchasing
Buyers play a pivotal role in the financial success or failure of an organization.
Since purchasing activities can account for as much as 80 percent of your
organization’s total budget, your purchasing decisions directly influence the
company’s profit margin.
This fast-paced, two-day seminar is packed with useful information, from the basics of
purchasing to the finest points of shaving costs.
Program Agenda
The Successful Buyer
- As a purchaser, what exactly do you want to accomplish?
- How do you arrive at the "right price?"
- A 10-step plan for getting - and staying - organized.
How to Be Successful While Maintaining Professional Ethics Within a Legal
Environment
- Objectivity is key to your purchasing decisions
- Eight practices NOT to use
- When and how to apply the various specialized purchasing instruments and
contracts
- The Federal Antitrust laws you must know
Policies and Procedures
- The critical components of a successful purchasing policy
- Clearly write your purchasing procedures in a step-by-step fashion
- Keeping records - which ones and for how long?
- Fourteen types of forms you need
- How to get the most out of purchasing reports
- The essential "buy" functions you’ll want to automate
The Supplier Relationship
- The four major steps for selecting a vendor
- How to precisely rate different vendors based on quality, service, flexibility, and
delivery
- Nine major rules your vendor should live by
- Protecting the security of both parties involved
Specialized Purchasing Techniques
- The good news, and the bad news, about blanket orders
- The fundamental elements of a lawful contract
- Value analysis/engineering to reduce costs
- See how you, as a purchaser, fit into the quality assurance process
- Deming’s principles and how they relate to purchasing
Negotiating Successfully
- Six essential tips for negotiating
- Be prepared before you negotiate
- Communicating effectively - key strategies to use at the negotiation table
Inventory Control Made Easy
- The ABC classification system
- How to control inventory using the Pareto Principle
- How to anticipate future inventory needs
- The basic aspects of replenishment lead-time
- Inbound Freight Control
- The three essential purposes of a bill of lading
- Clearly understand FOB terms of sale
- The four categories of loss and damage claims
Who Should Attend
This program is designed for both the newly appointed as well as more
experienced buyers, materials managers, production and inventory control staff, engineers and managers who interact with buyers and
suppliers. Those who wish to
expand their knowledge base or want formal training should attend.
Date: October 7-8, 2008
Time: 8:30 am to 4:30 pm
Location: Kansas City, MO
Fee: $795 |
 |
Register Now
Online
You can also register for Fundamentals of Purchasing or any other
MDI class
by calling (417) 836-5667 or 1-800-733-3203 or E-Mail MDI@missouristate.edu.
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