Fundamentals of Purchasing for the New Buyer (Live Online)

This fundamentals seminar is taught by leaders in the field who will walk through every step of the purchasing management process, including negotiating and vendor and materials management. Find innovative ways to manage your suppliers so they deliver quality products and services on time and within your budget…learn how eProcurement can help you save money and exploit sales opportunities…and recognize the impact you have on the financial side of your business.Who Should AttendNewcomers who want to learn every facet of their job responsibilities - as well as veteran buyers who want to update their skills.How You Will BenefitUnderstand today's procurement strategies and techniquesIdentify the core expertise, process knowledge, and interpersonal skills necessary for success as a 21st-century buyerDiscover the criteria for successful supplier selectionManage your supplier relationships to reduce costs, improve quality, and enhance performanceUnderstand legal and ethical requirements and issuesLearn negotiation techniques for a global purchasing environmentWhat You Will CoverThe changing role of the buyer in today's organizationHow purchasing adds value to the firm, and profit to the bottom lineDeveloping the supply base and supplier relationshipsDesigning effective supplier performance measurementsMaking effective procurement decisions through the use of price and cost analysisUtilizing value and total cost of ownership concepts to reduce costsTools for enhancing material flow and reducing inventory investmentSpecialized purchasing instruments, master agreements, contracting methods, and e-procurementSuccessful selection and management of service suppliersProfessional practices and standards of purchasing ethicsLegal aspects of purchasing: contracts, agency, warranties, and anti-trust lawsNegotiating skills and tactics for the buyer