Purchasing and Materials - an overview of the Supply function

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Description

Companies that plan their supply function strategically enjoy significant improvements in productivity and profitability.  Too many organisations manage procurement and storage as separate functions; as a result, they fail to identify opportunities for improvement, and find it hard to quantify the damaging effects of stock-out costs on project schedules. 

Successful procurement managers integrate their planning decisions across the whole process. 


That process involves many people, both across the business and outside it.  The Purchasing Department may be at the heart of the operation, but a wide range of staff are involved in achieving the ‘5 Rights’: getting the right materials of the r…

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Companies that plan their supply function strategically enjoy significant improvements in productivity and profitability.  Too many organisations manage procurement and storage as separate functions; as a result, they fail to identify opportunities for improvement, and find it hard to quantify the damaging effects of stock-out costs on project schedules. 

Successful procurement managers integrate their planning decisions across the whole process. 


That process involves many people, both across the business and outside it.  The Purchasing Department may be at the heart of the operation, but a wide range of staff are involved in achieving the ‘5 Rights’: getting the right materials of the right quality to the right place at the right time and at the right price.

This course provides an overview of the whole procurement process, and the factors that your managers need to consider at every stage. 

We have designed this course for
  • Staff in procurement and supply roles (purchasing, warehouse, expediting and so on)
  • Managers taking on new responsibilities in purchasing and storage
  • End users of purchased items
  • Staff in Finance, Quality and Operations
  • Graduate staff and others on career development programmes
The course will also benefit any managers with experience in purchasing and supply who would benefit from a more strategic vision of their contribution to a company’s business performance.



By the end of the course, participants will be able to:
  1. Integrate the strategic and tactical elements of purchasing materials and equipment
  2. Identify suppliers that can meet the organisation’s needs effectively and consistently
  3. Develop sound business relationships with suppliers
  4. Evaluate lifetime costs of materials and equipment purchased
  5. Make decisions during the purchasing phase that have a positive impact on the efficiency of warehouse operations and inventory levels
  6. Plan the procurement process for stock and non-stock items to achieve efficient and timely deliveries 


Topics covered will include:
  • Identifying demands and planning the procurement activities accordingly
  • The technical specification of requirements, and opportunities for standardisation
  • Purchasing strategies
  • Simplifying the procurement process
  • Supplier relationships and their impact on achieving the 5 Rights
  • Specifying the organisation’s commercial requirements clearly in enquiry or request for quotation documents
  • Bidding and bid evaluation, including both price and total cost considerations
  • Award of purchase orders and follow-up activities (such as expediting)
  • Warehouse operations, including receipt, storage and issue of materials and equipment
  • Inventory management
  • The impact of purchasing decisions on stock holdings
  • Disposal and the significance of sustainable purchasing and supply
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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.