Best Bizsys
 
Competent Industrial Purchasing - How to build and run the purchasing function

Theme

Purchase executives often inherit the systems and the work environment unless they get an opportunity to build it from the scratch. Usually, in either of the situations the experienced senior opts for what is already practiced by him or implements collective experience based system. In profession of industrial purchasing experience can be an invaluable asset. On the other hand many things are changing in professional purchasing, particularly in business process, automation, working philosophy and efficiency.

Leading organizations across the world with very important stake in the purchasing have improved their practice to improve their competence. There are many worthwhile ‘Best’ practices worth emulating.

There are many links and levers which help run and control this very complex activity involving internal customers, suppliers and mountains of information flowing about quantities, quality and costs. It is essential to leave no loose ends in the system to ensure an optimum performance. It involves identifying and setting up all critical elements of the system, namely IT systems, market information, personnel, decision systems and basic processes for effectiveness and efficiency.

The program gives insight to participants into the best practices and practical aspect of how to set up such systems for best effect.
 

Program Schedule: Day 1: 9-00AM to 5-15PM+

 Purchasing in competitive business

Nature of competition – time critical decisions – constant product and service innovation – changes in technology and business processes – changing structures of markets - the profit center - the KRAs and competencies - purchasing infrastructure and processes
 

 Building a team

Management philosophies and culture – typical traditional job profiles – typical modern job profiles - division of work Vs integration of work – recruitment tips – decentralization of authority and controls – delegation – development of resources
 

Exercise – game of auditors – participants act as auditors of information provided to them followed by discussions

Informed decision making

Organizing for information of markets, suppliers, technology, laws and taxes – information on product, processes and quality assurance – supplier selection and performance – a sample control for decentralized authority – treating optimistic decision-making
 

Program Schedule: Day 2: 9-00AM to 5-15 PM+

Budgetary control

The process of budgeting – purchasing vision and mission – KRA – grass root involvement – a model budget covering all KRAs – Effective MIS for decisions and actions
 

IT systems

The purchasing system structure – the decision support system – integration of suppliers and customers through the system – common controls and utilities for better decisions and efficiency

Exercise - purchasing planning development of objectives – participants are given data to help them develop a quarter by quarter objectives
 

 Management issues

Internal customer satisfaction – mutuality – pressures of change – management by exception – audits – ethical standards – supplier relationship

 

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Supply Chain Management for Top Managers | Supply Chain Management – Concepts and Application | Best Practice Inventory Management |
Toolkit of a Purchasing Executive | Materials Management - In Senior Manager's Perspective | Cost Management in Supply Chain – techniques & strategies | Essentials of Modern Storekeeping Management | Technology Management – the basics workshop | Scientific Spare Parts Management for maintenance |
Science & Art of Negotiations for Industrial Buyers & Sellers | Competent Industrial Purchasing - How to build and run the purchasing function |
Calculated Price Negotiations | International Logistics for Import and Export | Basics of Law and Indirect Taxes        

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