SEVEN Innovative Techniques to Streamline the Process of Procuring Routine Raw Materials

Training Provided by Manufacturing Executive Institute Much has changed in the world of purchasing over the last two decades. Globalization of supply chains, economic pressures to reduce prices and the need to manage procurement risks have all changed the responsibilities in the Procurement organization. Add to this an ever increasing work load driven by shorter product life cycles and more frequent new product introductions, and one can quickly understand why purchasing needs to find new methods for executing the routine activities of the purchasing process. Inventing time to focus on more important supply chain issues has become as important as reducing direct material costs.

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SEVEN Innovative Techniques to Streamline the Process of Procuring Routine Raw Materials Seminar Schedule

SEVEN Innovative Techniques to Streamline the Process of Procuring Routine Raw Materials This valuable 1-day Manufacturing Executive Institute 2nd Saturday - "Practical Capital" Workshop has been specifically designed to provide SEVEN Innovative Techniques to Streamline the Process of Procuring Routine Raw Materials. Participants will learn the "mechanics" of the 7 techniques as well as how they can successfully implement the techniques within their specific organizations. Using lecture, illustrative case studies, participatory break-out sessions and exercises, this workshop will address:

o Major routine activities of the typical procurement
organization identifying and separating procurement
activities into value-adding and non-value-adding categories.
o New performance expectation of purchasing in a global supply
chain world.
o Cost elements of the procurement and material acquisition
processes how to know what procurement REALLY costs.
o Seven SPECIFIC techniques to streamline activities in your
procurement organization, including:

1. How to move top suppliers away from purchase orders and
into annual supply agreements.
2. How to get significant suppliers to manage routine
replenishment activities.
3. How to change units-of-measure to simplify and speed-up
replenishment processes.
4. How to drive direct notification of your factory s
replenishment needs into your procurement systems directly
and inexpensively linking your factory floor to your
supplier s distribution function.
5. How to use Purchase Trigger Cards (PTC s) to simplify a
direct link between the supplier and your factory.
6. How to efficiently pay your suppliers and reduce activities
associated with payment and follow-up.
7. How to utilize average pricing of components to improve the
efficiency of transactions and supplier payments.
8. BONUS TECHNIQUE implementing wide-cast accredited reverse
auctions to secure supply agreements for routine, higher
volume items.
o People and culture changes that will be necessary to
improve efficiencies in the purchasing, receiving,
receiving inspection and accounts payable functions.

Technical, organizational and behavioral impediments to successful and rapid deployment of these techniques will also be addressed so that participants can return to their respective companies and begin implementation of these techniques the following Monday. www. mfgexecutive. com

About The Training Provider: Manufacturing Executive Institute