Methodologies of Analyzing & Controlling Stocks

5/10

Course Objectives

• Provide participants with the selection, evaluation methods and means of suppliers to increase the efficacy of the purchasing process

• Articulate unique rule and regulations to select suitable purchase resources – suppliers

Course Modules

Module 1: Methods of Searching for Purchase Resources

• Identify project needs from raw materials and equipment: Commodities/services

• Search for different substitutions that could satisfy the needs

• Collection of data about reliable suppliers

• Resources of information about items and suppliers

 Module 2: Special Policy to Select the suitable Purchase Resources

• One source purchasing policy

• Many source purchasing policy

• Local and external suppliers purchasing policy

• Direct product purchasing policy

Module 3: Evaluation of Purchasing Resources (Suppliers)

• Essential considerations in supplier evaluation (purchasing resource)

• Main policies to favor any of suppliers

• Standards of proper supplier selection

• System of qualifying suppliers

• Pervious experience: Type of business and size

• Status of upon implementation contracts

• Technical evaluation of supplier

• Technical body

• Workshops after market service

• Technical support from foreign company (Affiliation)

• Financial evaluation of suppliers

• Official capacity of suppliers

• Accredited distributor

Module 4: Suppliers Performance Evaluation

• Basis of supplier’s performance evaluation

• Quantitative methods of supplier’s evaluation

• Purchasing systems and suppliers evaluation, according to TQM

• Identical purchased items system with the required specification

• Suppliers qualifying system

• Control system on items and work quality

• Check, inspection damaged registering and waste procedures