• Definition Of Procurement
  
• Negotiation In Procurement
  
• Cost Reduction Process
  
• Suppliers Cost Reduction Responsibilities

Purchasing plays an important role in the profitability and success of every business. The way the purchasing function is managed and run will greatly influence the company’s bottom line.

This course aims to provide Purchasing personnel with the knowledge to be efficient, effective and ultimately to purchase materials and services at the best prices without sacrificing quality and service. It highlights on how Purchasing personnel can help to increase productivity and achieve savings through effective purchasing.

1. Understanding the Strategic Importance of Procurement.
   
2. Obtaining Up-To-Date Negotiations Techniques and Effective Guides in Preparing a Negotiation.
   
3. Mastering the Cost Reduction Process and Techniques in Procurement.
   
4. Developing Competency and Commitment in Cost Reduction Responsibilities.
   
5. Improving The Procurement Functions and Contributing to Your Organisation’s Efficiency, Productivity and Profitability.

Active learning activities are included to allow participants to engage actively in the learning process. Besides that, leading the participants through these activities will enable better understanding on the concepts. The active learning activities may include:

• Hands-On Exercises
  
• Group Discussions
  
• Case Studies
  
• Interactive Storytelling
  
• Commentary on Other Companies / Industries
  
• Video Presentation