Effective Purchasing Management

SEMINAR TITLE: Effective Purchasing Management
DATE: November 4, 2011
TIME: 9:00 am - 4:00 pm
VENUE: Suite 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila
ORGANIZER: BusinessCoach Inc.

DESCRIPTION: A firm which utilizes materials and supplies must effectively manage the purchasing function. Purchasing management considers a lot of factors, such as inventory, inventory costs, availability of supply and quality of suppliers. In order to have an outstanding purchasing operations, an excellent vendor relations, systematic demand, forecasting, and ordering system must be present.

SEMINAR OBJECTIVES:
1.    To enable the participants to better understand the different methods and strategies in purchasing and adopt strict purchasing policies.
2.    To enable the participants to appreciate the importance of good vendor relations in purchasing and adopt a quality supplier program for a more efficient purchasing system.
3.    To enable the participants to learn and adopt in their respective organizations the different methods of demand forecasting and ordering.

TARGET PARTICIPANTS: Supplies procuring officers, purchasing officers, purchasing supervisors, inventory clerks, logistics officers, and business owners.

KEY TOPICS:

Module 1 – Nature of Purchasing Management
1.    Creating the Organization’s Purchasing Policies
2.    Implementing the Ordering System
3.    Factors to Consider in Purchasing-Vendor Relations
4.    Quality Supplier Program
a.    Proper Selection of Suppliers
b.    Evaluating Supplier Performance

Module 2 – Purchasing Methods and Strategies
1.    Purchasing Methods / Techniques
2.    Purchasing Strategies

Module 3 – Demand Forecasting and Reorder Point
1.    Demand Forecast and Lead Time Information
2.    Forecasting Approaches
a.    Qualitative Approaches
b.    Quantitative Approaches
3.    Reorder Point (ROP)
4.    How Much to Order – Minimum and Maximum

Module 4 – Managing Inventory with Dependent Demand, by knowing the:
1.    Master Production Schedule
2.    Specifications of the Bill of Materials
3.    Outstanding Purchase Order
   
SEMINAR INVESTMENT: Php 3,000.00 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)
DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.
RESERVATION: Phone reservation is required. Please call telephone 727-5628, 727-8860, or 496-6949.
SCHEDULE CONFIRMATION: Schedule may change without prior notice. Please call to confirm seminar schedule.