The program discusses the role of purchasing management and its importance to other departments in the organization.

• Selection of suppliers and method of supply.
• How to negotiate with the supplier.
• How to create a strong contract with the supplier.
• Identify time-consuming steps to make internal processes faster and more efficient.

• The role and objectives of the purchasing department in the organization.
• Why do organizations need to “buy”?
• Industrial buying versus consumer buying.
• Overview of the purchasing process (planning, execution, monitoring and control).
• Types of materials purchased.
• buying strategies (forward buying, outsourcing, leasing, electronic purchase).
• Introduction to materials planning and inventory management.
• Various costs in material pricing (raw materials, transportation, production, Insurance).
• Signals to trigger the buying process.
• Determine specifications.
• Determine the sources of supply and locate them.
• Selection of suppliers and method of supply.
• Types of supplier relationships.
• Manage and maintain supplier relationships in a good manner.
• Types of contractual agreements.
• Aspects of agreements (such as terms of credit, price, and delivery options).
• negotiation process, And how to negotiate with the supplier.
• contracting process, And how to create a strong contract with the supplier.
• Determine which steps take a long time.
• Making the internal process faster and more efficient.
• Reducing the overall purchasing cycle time.
• limits of powers.