Analytical Methods for Improved Purchasing Performance

OBJECTIVE
The main objective of this training course is to empower professionals with—
• complete knowledge and information of analytical methods used to evaluate purchasing performance and how they help improve the purchasing performance of an organisation
• the necessary knowledge and understanding of advanced analytical tools and methods used to evaluate purchasing performance
• the required skill and confidence to undertake training of other professionals to help apply analytical tools and methods to assess and improve purchasing performance
• the confidence and experience to conduct regular checks on the methods being used and reports being generated for purchasing performance
• better decision-making and analytical skills, using all available data and information to make well-informed and correct decisions

CONTENT
Core Purchasing Strategies
• Supplier optimisation
• Total quality management
• Risk management
• Global sourcing
• Vendor development
• Green purchasing

Key Performance Indicators of Purchasing
• Cost saving
• Quality
• Delivery of purchase items

Metrics of Purchasing Performance
• Efficiency
• Effectiveness
• Functionality

Steps to Purchasing Practices
• Get buy-in to review purchasing performance
• Understand current buying policies and procedures
• Assess impact on suppliers, workers and buying businesses
• Develop an improvement plan
• Implement the plan

Factors Influencing Purchasing Performance
• Operational and administrative activity
• Commercial activity
• Part of integrated logistics
• Strategic business area

Improved Methods for Evaluating Purchasing Performance
• True cost
• Saving
• Inventory flow
• Transportation

General Purchasing Improvement Methods
• Centralise purchasing
• Plan for purchases
• Focus on quality
• Purchase locally
• Build long-term supplier relationships
• Explore outsourcing purchasing
• Ensure top management agreement
• Understand inventory carrying costs
• Base supply-chain management on real-time demand
• Negotiate constantly
• Maintain a clear, documented purchasing strategy
• Ensure adequate training

Benefits of Evaluating Purchasing Performance
• Better decision making
• Better communication
• Better visual inspection and checks
• Better motivation

FOR WHOM:
Stores Purchasing and Logistics Personnel in the Public and Private Sectors

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        14th – 17th Apr, 2025     

2ND BATCH:       21st – 24th Oct, 2025