Innovation in purchasing

Innovation is all.  Eighty per cent of the products most of us now use did not exist five years ago; and 80% of them will not exist in five years time.  How then, does the purchasing professional keep abreast of this wave of change and foster creativity?
This programme sets out to demystify innovation and covers how purchasing teams can adapt their processes and behaviour to become more innovation friendly and to solve problems creatively.

Investment analysis for purchasing managers

This programme is designed for purchasing managers who have to help internal clients make complex choices between different bids on major purchases. It begins with a discussion of the importance of investment analysis and covers the major techniques of investment analysis such as internal rate of return (IRR), net present value (NPV) and (DCF) discounted cash flow.

Mastering purchasing management

In this three-day programme we will examine the key drivers of purchasing performance, identify the tools and techniques that support the delivery of competitive advantage and provide delegates with the skills to manage a purchasing team. During the programme we will build a framework to create a purchasing strategy, target and manage purchasing and supplier resources, measure purchasing performance and establish the skills required of purchasing staff.  

Risk management

Purchasers need to balance the management of risk and cost as the basis for developing a robust purchasing strategy. In reality, traditional tools have led to a focus on the management of price and service to users, with the element of risk receiving less attention.  The objective of this programme is to put participants in a position where they can identify, prioritise and manage procurement-related risk.

Strategic cost management

Increasingly companies are looking at cost as a means of providing competitive advantage, and purchasing is in the forefront of strategic cost management. This seminar provides a practical and hands on approach to improving the extent to which purchasing can take a strategic approach to cost management.  It looks at approaches such as competitive tendering, zero base pricing, establishing target costs, should-cost models, and co-operative costing.