Course Description
Purchasing has evolved from a
transactional-based activity to the present-day value-added function.
Buyers who view carefully selected suppliers as partners will develop
long-term relationships based on trust that focus on total cost of
ownership vs. price and early supplier involvement in new and improved
product development. This leads to the use of cross-functional teams and
more best-in-class methods, tools, procedures, and analysis of
price-cost-quality relationships described in the course. Also, the
ability of purchasing to dramatically impact and increase return on
investment and to reduce costs is demonstrated throughout this course.
This
course was designed based on the instructor's real-world knowledge and
experience, gained through hands-on operations. It will enable you to improve the purchasing/supply function
within your company as a whole, by teaching you the basic principles
and good practices of purchasing, procurement and supply chain
management. You'll learn effective methods for improving quality,
reducing total costs, shortening the time to market, developing and
managing collaborative relationships, negotiating and managing
buyer-supplier contracts, and becoming a key contributor to your
organization's mission, strategy and tactics.
Content and Overview:
This
course contains 78 lectures,10+ hours of content organized in 14 areas.
It's designed for purchasing/supply chain professionals and students
who want to understand and use the latest best procurement practices to
help their organizations maximize the effectiveness and efficiency of
their purchasing function and their supply chain as a whole.
Curriculum
Total Cost Components
ABC and Target Costing. Arbitrary Price Increases.
Business Process Outsourcing
Buyer-Supplier Relationship Types
Compensation Arrangements - Introduction and General Types
Contract Management and Supplier Performance
Controlling and Evaluation
Course Closure
Course Introduction
Course Summary
Cross-Functional Teams - Benefits, Challenges, Problems
Currency and Payment Considerations. Countertrade.
Developing and Managing Collaborative and Alliance Relationships
Development of Specifications
Discounts
Discovering and Evaluating Potential Suppliers
Dispute Resolution and Basic Legal Considerations
Economic Considerations
Ethics in Supply Management
Financial Implications of Supply Management
Global Management Perspectives
Make-or-Buy Decision - Factors
Management Responsibilities
Negotiations Basics
Netsourcing and Make-or-Buy Considerations
Organizing, Staffing, and Directing Function
Preparation Activities and Techniques
Price and Cost Analysis
Purchasing Planning Function
Purpose and Categories of Specifications
Quality Management Approaches
Quality Tools and Methodologies
Section 1: Fundamentals of Purchasing and Supply Management
Section 10: Methods of Compensation
Section 11: Negotiations
Section 12: Contract Formation and Legal Considerations
Section 13: Contract and Relationship Management. Ethics and Social Responsibility.
Section 14: Achieving and Implementing World-Class Purchasing
Section 2: New Product Development
Section 3: Purchasing Specifications and Standardization
Section 4: Quality Management
Section 5: Outsourcing Activities and Decisions
Section 6: The Strategic Sourcing Plan Development
Section 7: Global Supply Management
Section 8: Total Cost of Ownership
Section 9: Price and Cost Analysis
Section Introduction
Section Summary
Selecting, Developing, and Managing Suppliers
Sources of Cost Data. Direct and Indirect Costs.
Special Legal Considerations
Specific Types of Compensation Arrangements - Part 1
Specific Types of Compensation Arrangements - Part 2
Standardization
Strategic Issues
Strategic Issues and Tactical Decisions
Strategic Supply Chain Management
Supply Channels and Direct Suppliers
Supply Management Considerations
Supply Management Relationships with Other Departments and External Environment
Supply Management within the Organization
TCO, NPV Analysis, and Estimated Costs. TCO Importance.
The Debriefing Process
The Design Process - The Concept Formation Phase
The Design Process - The Development Phase
The Design Process - The Production Phase
The Future of Supply Management
The Process of Negotiations
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