Purchasing Principles and Practices

Today’s successful global business considers purchasing as a strategic function that uses and enables change within an organization. The sourcing strategies of the past can no longer inform the future and it is necessary to reassess your sourcing strategies and take the proactive measures to remove any risk to your supply chain. This workshop will engage participants in understanding the tactical and strategic responsibilities of purchasing/supply; the purchasing process and the role of the buyer in the organization. It will also cover legal aspects of purchasing and contracts that every buyer must understand to properly represent their organization. In addition to reinforcing some of the fundamentals of procurement, this contemporary workshop will introduce participants to strategies that will ensure that their supply chain remain robust enough to with stand the many challenges.