Purchasing and Inventory Management Techniques and Supplier Selection

Start Date End Date Venue Fees (US $)
12 Oct 2025 Muscat, Oman $ 4,500 Register

Purchasing and Inventory Management Techniques and Supplier Selection

Introduction

A five-day intensive program, for those who want to understand and implement the essential tools of Purchasing, Procurement, and Buying. Participants will learn how to evaluate procedures and make needed changes to methods to improve customer service whilst achieving significant reductions in inventories; eliminate wasteful costs; avoid internal system problems that limit performance; obtain added value for money.

Objectives

    In this course participants will consider:

    • Purchasing Organisations
    • Purchasing Systems
    • Alternative Purchasing Methods
    • Finding Suppliers
    • Defining Specifications
    • Legal context for Purchasing
    • Negotiation
    • The Role of Purchasing in the Organisation
    • Expediting
    • Price, Cost and Value

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

This course has been designed to enhance the purchasing skills of buyers in business, government and the military. It is intended for buyers of all types of materials, equipment and services who seek to strengthen their personal abilities as well as the performance of their purchasing department.

Course Outline

Day 1: Performance Purchasing

  • Introduction to Purchasing and its contribution to the organization
  • Key Concepts
  • Purchasing Organisations
  • The Procurement Cycle
  • Purchasing Systems

Day 2: Supplier Selection

  • Specifications
  • Working with End-users
  • Supplier Evaluation Criteria
  • Appropriate Supplier Methodologies
  • Total Cost Approach

Day 3: Tendering

  • Form of Tendering
  • Request for Information
  • Request for Quotation/Invitation to Tender
  • Tender Evaluation
  • Negotiation
  • Price Cost and Value

Day 4: Legal Issues

  • From Tender to Contract
  • Supplier non-performance
  • Expediting
  • Terms and Conditions
  • E-procurement fundamentals

Day 5: Purchasing Performance

  • Supplier Measurement
  • Vendor Rating
  • Action Planning
  • Course Review and Evaluation

Accreditation

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