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 schedule sample one day
|First Training Session
|Second Training Session
|Third Training Session
|Lunch and Networking
Fees & what is included
|Early bird 70 days before course start date
|Early bird 25 days before course start date
|Regular Course Fee
|Public Course (5 days)
|Live Online Training (3 days)
- For early registrations special prices apply as outlined above.
- All fees are exclusive of VAT. Tax Registration Number : 100312636200003.
- Companies - register 2 participants for the same course and date and get one place free.
- Only one type of discount can be applied to the same course & date registration.
- For larger corporate clients there are special packages. Contact us for details.
At Atton Institute we do our best to ensure that all our courses and trainings are provided with the highest industry standards, are time efficient and praxis related, and bring the best education results. Our courses have the most up-to date info and secure the excellent course fee to value ratio quality.
Course Fee Includes
When would you like to start
|Modern Purchasing Toolbox for Professionals - 06 May 2024 Dubai, UAE
|Modern Purchasing Toolbox for Professionals - 02 Sep 2024 Dubai, UAE
|Modern Purchasing Toolbox for Professionals - 16 Dec 2024 Dubai, UAE
- 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
- 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
We use the best and latest educational praxis. All of our courses and trainings are designed using our unique Atton LPI Learning Methodology© which guarantees the delivery of extensive knowledge over a short time period with an easy-to-understand approach. All course materials are absolutely unique and are the combination of fundamental and systematic knowledge, practical studies and real-life implementation elements.
We deliver in our 3- to 5-days trainings knowledge and skills which are commonly delivered over a much longer period of time – thus truly saving our participants time and money.
Each course has a comprehensive description and content breakdown, which means you can easily check how a certain training may fit your expectations and requirements.
If your aim is to obtain the most wide-ranging overview in a certain area of expertise, we commonly suggest that you choose one of our popular trainings in the relevant category. The popular trainings cover the widest scope in each area and for this reason they are greatly valued by our participants.
If you need help in choosing the best course for you, please get in touch with our STUDENTS SUPPORT DEPARTMENT.
There are various payment options – cheque, cash, and bank transfer. It is essential to note that the earlier you register, the larger the applicable discount on your admission fee.
For details on the available discounts and special training admission fees, please see the section “Course fees and discounts” on the course page.
Each course participant obtains the Atton Institute Course Completion Certificate, which is protected by means of several authentication elements. Each Atton Course Certificate can be additionally verified by contacting our administrative office or via the special online authenticity check system on our website.
Professional, up-to-date expertise is one of the most powerful elements of success in the modern business and career environment.
Our Courses and Trainings are highly useful for business owners, management and employees at all levels and provide, in a highly effective way, current and solid professional development qualifications and skills combined with practical real-life essentials.
- Choose your course (feel free to get in touch with us for support).
- Select the desired date and location of the course.
- Proceed with course registration (online or via e-mail or phone).
- Upon registration, you will receive invoice to finalize the registration.
- Upon payment of the Admission Fee, your course registration is completed.
Each training is repeated a certain number of times over the year, and thus you have the option to choose the most suitable date for you. If you wish to benefit from the option of a course fee discount, be sure to register in advance.
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