Purchasing Management

PURCHASING MANAGEMENT

DURATION: 2 days

COURSE CONTENT:

The Purchasing Management Course will cover 4 key processes:

  1. Planning
  2. Procuring
  3. Tracking
  4. Reporting

Planning purchases deals with:

  • Determining demand
  • Creating purchasing projects and tasks
  • Providing related information (files, notes, specifications, etc.
  • Assigning purchasing tasks
  • Setting task priorities, start/finish dates etc.
  • Assigning supervisors
  • Establishing tracking procedures

Procurement processes includes:

  • Requisitioning
  • Approving
  • Studying the market
  • Making purchasing decisions
  • Selecting appropriate documentation
  • Placing orders
  • Receipting goods and services supplied
  • Receiving invoices and making payments


Tracking purchases covers:

  • Checking task status
  • Highlighting overdue tasks
  • Planning necessary corrective action
  • Follow-up procedures
  • Rating supplier performance

Purchasing Reporting includes:

  • Comparing actual and estimated costs
  • Calculating purchasing task and project statistics
  • Reporting key statistics and KPIs
  • Future projections
  • Supplier ratings