Purchasing Management (Webinar)

Purchasing Management

About the Webinar

Overview

Want to transform the way you manage purchasing? Join our webinar on Purchasing Management and discover cutting-edge techniques, tools, and best practices to improve your procurement process. Designed for professionals aiming to boost efficiency, cut costs, and maximize value, this session offers valuable insights to help you navigate procurement challenges and leverage purchasing as a driver of business success.

Objectives

● Gain clarity on the main goals of a purchasing function
● Learn about the specific duties involved in purchasing operations
● Establish a suitable and effective purchasing process
● Minimize waste and safeguard your business from undue risks and expenses
● Develop workflows that optimize efficiency, boost revenue, and maximize returns on investment

Who Should Participate

● Procurement and purchasing managers
● Supply chain professionals
● Business owners and entrepreneurs
● Financial officers and budget planners involved in purchasing decisions
● Team leaders and supervisors who oversee purchasing activities
● Individuals new to purchasing or those aspiring to build a career in procurement

Key Topics

I. Introduction
● Welcome and Speaker Introduction
● The Strategic Importance of Purchasing
● Overview of Webinar Objectives

II. Objectives of the Purchasing Function
● Ensure uninterrupted supply of goods and services
● Achieve cost savings through effective sourcing
● Maintain and improve quality standards
● Build strong supplier relationships
● Contribute to profit improvement and innovation

III. Core Responsibilities of the Purchasing Function
● Supplier identification and evaluation
● Demand forecasting collaboration with other departments
● Quotation analysis and vendor negotiation
● Purchase Order (PO) creation, monitoring and follow-up
● Inventory alignment and buffer stock planning
● Contract management and legal compliance
● Supplier performance review
Tool Spotlight: RACI matrix for clear purchasing role assignments

IV. Purchasing Process Flow: Best Practices
● Need Identification
● Specification Development
● Supplier Sourcing and RFQ Process
● Evaluation and Negotiation
● PO Issuance and Order Follow-Up
● Receiving and Inspection
● Invoice Reconciliation and Payment
● Performance Review and Feedback Loop

V. Waste Reduction and Risk Mitigation in Purchasing
● Identifying hidden waste: Overordering, underutilized suppliers, obsolete stock
● The role of purchasing in Just-in-Time (JIT) and Lean principles
● Risk mapping: Single-sourcing, supplier insolvency, political/geographical risk
● Mitigating risk: Multi-sourcing, safety stock, dual contracts, compliance checks
Real Example: Risk fallout from COVID-era supply disruptions and what changed

VI. Building Strategic Workflows
● Cross-functional collaboration with Finance, Sales, Ops
● TCO (Total Cost of Ownership) thinking — beyond unit price
● KPI Tracking: Cost savings, PO cycle time, supplier scorecards
● Use of automation and tools: ERP, eProcurement systems, supplier portals
Example Workflow: “Automated Replenishment with Approval Gates”

VII. Wrap-Up and Action Planning
● Recap of Key Takeaways
● Action Checklist: What to implement first
● Q and A Session

Schedule: Click to view BusinessCoach Seminar Schedule »

Duration

6 hours (via ZOOM)

Requirements

• Mobile phone, tablet, computer, or laptop
• Download free ZOOM app
• Internet connection
• Good audio connection

Registration Details

Webinar Fee

Php 3,500.00 per participant (inclusive of e-Handouts and e-Certificate) to be paid at least 3 banking days before the event

Reservation

Please call to register, or you may download our registration form. Kindly fill-out and send to us through fax (8727.88.60) or email. You will receive a confirmation within 48 hours.

Mode of Payment

Deposit/Transfer cash payment to Banco de Oro:

• Savings Account Name: BUSINESSCOACH, INC.
• Savings Account Number: 00235-003-71-22

Kindly email deposit slip or screen capture of payment details (indicate name of participant and seminar title) to confirm reservation.

Note

Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of its events.

Contact Details

Contact Numbers

Please call (632) 8727.88.60, (632) 8727.56.28, (632) 8569.78.84 or (632) 8569.46.90 or call/text mobile numbers 0915.205.0133 / 0908.342.3162 / 0926.622.0768 / 0933.584.7266

Inquiries

For other inquiries, you may also leave a message in our contact form »