Introduction to Purchasing and Procurement

What you will be able to do

By the end of this programme you will be able to:

• Follow the purchase order cycle and the key functions of purchasing
• Map the steps of the purchasing process and where digitalisation applies
• Analyse purchase spend and group it into procurement categories
• Identify sources of supply and apply structured sourcing techniques
• Qualify vendors and select supplies using recognised techniques

Programme outline

Purchasing and procurement run to a defined cycle, and those entering the function need a command of that cycle and of the digital tools now used to run it. The programme covers the digitalisation of the purchasing process, the key functions of purchasing and the purchase order cycle, how purchasing and procurement are organised, purchase spend analytics and category management, sources of supply and sourcing techniques, and the techniques for qualifying vendors and selecting supplies. You will be able to follow the purchase order cycle, analyse purchase spend by category, and apply structured techniques to source supply, qualify vendors and select supplies.

1. Digitalisation of the Purchasing Process
2. Key Functions of Purchasing and The Purchase Order Cycle
3. The Organogram of Purchasing and Procurement
4. Purchase Spend Analytics and Category Management
5. Sources of Supply and Sourcing Techniques
6. Vendor Qualification Techniques
7. Supplies Selection Techniques

Who should attend

Buying has become part of your job, whether that means raising purchase orders, obtaining quotations or maintaining vendor records, and you have picked the work up on the job rather than through formal training. The programme is written for Purchasing Assistants, Buyers, Procurement Executives and finance or administrative staff who place orders as part of a wider role. It also suits supervisors who have recently taken charge of a small purchasing team and want the whole cycle set out in one day.

Approving this for your team? The programme is suitable for staff development budgets, and SIPMM can invoice your organisation directly and arrange group registrations.

Your trainer

The facilitator is an expert trainer with extensive experience holding leadership positions in procurement, and the day is interspersed with exercises on purchasing and procurement practices.