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Practical Purchasing Skills: Theory, Practice and Techniques

CP Training Consortium
Course summary
Length: 1 week
Location: London

Practical Purchasing Skills: Theory, Practice and Techniques

Practical Purchasing Skills

Practical Purchasing Skills: Theory, Practice and Techniques One Week Training Course in London

In this practical course participants will build upon established principles for purchasing and develop a broad range of techniques and tools based on current best practice for fast processing, reduced costs, and overall better performance of the procurement process. Course content will enable participants to create faster process times and manage business operations with decreased stock-holding while maintaining a high level of service through more efficient use of materials.

This course is formated in a manner that utilises practical exercises and case studies to demonstrate the tools and techniques presented. Led by an expert instructor, participants will discuss best practice in an open yet challenging fashion, leaning from real world examples and prepared to implement changes upon returning to their organisation.

By the end of the course, delegates will be able to:

  • Identify various techniques aimed at reducing the costs involved in purchasing materials & equipment.
  • Determine the key data to be provided and requested in an bid enquiry document.
  • Apply the appropriate level of expediting to a given purchase order.
  • Utilise feedback during operational and disposal phases to recognise purchasing benefits.
  • Automate various activities within the inventory and purchasing management processes.
  • Recognise the metrics to be considered in order to measure purchasing and supply performance effectively.

Suitability - Who should attend?

This course is intended for staff with some level of experience in material and equipment procurement and supply. Anyone in a position to introduce purchasing strategies, technical staff needing the procured items, as well as purchasing, inventory, and warehouse personnel will also benefit from this course. 

Outcome / Qualification etc.

CPD accredited course by CP TrainingCPD Standards Office

This course is accredited by CPD Standards Office and is valued at 30 hours of CPD.

The Office recognises and independently accredits high-quality CPD provision, which meets the criteria of all types of CPD schemes and requirements.

Training Course Content

Training content consists of the following key topics:

  • Materials and equipment: time and costs and application of suitable tactics
  • Purchase requirements: minimising prices paid and reducing the total lead time
  • Supplier selection for bidding: supplier appraisal / pre-qualification
  • Development of Enquiry / RFP packages for bidders: what to tell the bidders / what to ask for
  • Preparation of Bid Evaluation plans: technical, commercial and quality considerations
  • Performing bid evaluations: find the ‘best’ offer
  • Assessing levels for expediting and quality control: achieve on-time delivery of items given specifications
  • Performance of purchased items: monitoring for now and future
  • Purchasing decisions: influence the warehousing & storage costs
  • Inventory management: how decisions are made, optimising stock levels, looking at alternatives
  • Automating the processes: harness the power of modern electronic technology
  • Measuring procurement & supply performance
  • Business process re-engineering

Expenses

The cost of this Practical Purchasing Skills: Theory, Practice and Techniques one week course £2,635 plus VAT

Run this course in-house

All CP Training courses can be delivered when and where required and can be tailored as necessary to fit specific business needs and training budgets.

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Provider: CP Training Consortium

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Contact information for CP Training Consortium

CP Training Consortium

Portland House
SW1E 5RS Stag Place, London

Phone no: +442034791204
www.cp-training-consortium.co.uk

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