Modern Purchasing Toolbox for Professionals Training Course in Dubai, UAE

Course overview

As the global business environment grows increasingly dynamic, purchasing professionals are faced with the critical task of managing costs effectively, ensuring the timely delivery of goods and services. The integration of cutting-edge technologies, particularly Artificial Intelligence (AI), introduces both a layer of complexity and a promising opportunity for enhanced efficiency and risk management.

Our 'Modern Purchasing Toolbox for Professionals' course is purposefully crafted to navigate these intricacies. This course equips professionals with the modern toolkit necessary for efficient and savvy purchasing management. Comprehensive training on strategic sourcing, supplier selection, cost and inventory management, e-procurement, procurement technology, and risk management forms the bedrock of this program. Additionally, participants will gain valuable insights into the role of AI in augmenting purchasing decisions. You can attend this course public, online or in-house. The expertise acquired through this concise certification program will help and empower professionals to harness technological advancements, optimize costs, manage risks, and ensure punctual delivery in any organization.

Upon completion of Modern Purchasing Toolbox for Professionals course, participants will be able to:

• Gain comprehensive knowledge about the levels of purchasing, sourcing, and supplier strategies
• Examine the structure and roles of purchasing organizations, including centralization vs decentralization
• Explore the principles and risks associated with global sourcing
• Evaluate the supplier management cycle and supplier selection process
• Understand inventory management, including definitions, types, and effective management strategies
• Analyze procurement technology, with a focus on e-procurement and the integration of AI

Who Should Attend

This short, yet intensive certification course is perfect for:

• Professionals in procurement and related fields looking to enhance their skills and capitalize on new opportunities
• Purchasing managers and directors seeking to update their knowledge and improve their management techniques
• Employees of commercial or government entities in the area of supply chain management, or procurement aiming at enhancing their skills

What will you gain

Upon completion of this training program, participants will gain:

• A comprehensive understanding of purchasing and supply chain management, including the role of purchasing in the supply chain and its impact on business performance
• The ability to identify and evaluate potential suppliers, negotiate with them effectively, and manage supplier relationships
• Knowledge of cost analysis, cost reduction techniques, and the impact of price volatility on the supply chain
• Understanding inventory management, including inventory control and optimization, valuation, and accounting
• Knowledge of procurement technology, including electronic procurement, supply chain visibility and collaboration, blockchain, artificial intelligence and machine learning
• Understanding digital transformation’s impact on procurement and the supply chain
• Problem-solving skills related to purchasing and supply chain management
• Knowledge of ethical and legal considerations in procurement and supply chain management
• The ability to manage and maintain supplier relationships
• Practical application skills for implementing AI in purchasing, enhancing decision-making, and boosting efficiency
• Proficiency in performance measurement for purchasing, understanding key metrics like cost savings, supplier performance, contract compliance, inventory management, and procurement cycle time

Course content

• Principles of modern purchasing
  • Purpose and aims of purchasing
  • Overview of supply chain and value chain management
  • Key players in the supply chain
  • The role of purchasing in the supply chain
  • Influence of purchasing on ROI
  • Current and future challenges
• Level and types of Purchasing
  • Level of organization’s strategies
  • Levels of purchasing strategies
  • Strategic purchasing
  • Operational purchasing
  • Project purchasing
  • Category strategies
  • Sourcing levels (tactical)
  • Supplier strategies
• The purchasing organization
  • Structural organization
  • Centralized purchasing
  • Decentralized purchasing
  • The lead buyer concept
  • Outsourcing of purchasing activities
  • The purchasing processes
• Strategic Sourcing and Supplier Selection
  • The sourcing processes
  • Identifying and evaluating potential suppliers
  • Negotiating with suppliers
  • Contract management
  • Supplier relationship management
• Session 5: Global sourcing
  • Principle of global sourcing
  • Aims of global sourcing
  • Strategies and manifestation
  • Sourcing risk at international levels
• Supplier Management
  • Supplier management cycle
  • Supplier strategy
  • Supplier selection
  • Supplier identification
  • Supplier analysis
  • Supplier evaluation
  • Supplier development
  • Monopolist supplier’s strategies
  • Supplier controlling
• Cost Management and Analysis
  • Cost analysis and calculation
  • Cost reduction strategies
  • Managing price volatility
• Inventory Management
  • Definition of inventory and its importance
  • Types of inventories and their management
  • Inventory control and optimization
  • Inventory valuation and accounting
  • AI and new technologies risk in purchasing
  • Mitigating technical and non-technical risk
• E-procurement
  • Basics of e-procurement
  • E-sourcing and e-ordering
  • Types of e-procurement models
  • Types of e-ordering models
  • AI applications in e-procurement
• Purchasing challenges
  • Analyzing supplier’s portfolio
  • Cost pressure on direct cost risk
  • Mitigating risk
• Performance measurement for purchasing
  • Cost savings
  • Supplier’s performance
  • Contract compliance
  • Inventory management
  • Procurement cycle time
  • Supplier diversity
  • Risk management
  • AI-driven performance measurement techniques
• Conclusion and Final Project
  • Summary of Key Concepts and Lessons Learned
  • Final Project