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Plant & Equipment Purchasing for Buyers { Book Here }

Course Outline:
According to the Central Statistical Office, Irish industry spent €4818m on Capital Acquisition in 2002!

We frequently read in the Press how major projects have slipped in both time and cost. If the large capital projects are not managed properly, can we be certain the smaller ones are?

People who should attend:
This course is a consequence of APS’ Consultancy projects supporting Purchasing Project Teams in multi-national companies in Ireland. The course focuses largely on procurement activities and the relationship between Purchasing and Project Engineering, so both Buyers and Engineers would benefit.

Course Objectives:

• Emphasize the benefits that Buyers can contribute to their Company’s success by being actively involved in the process of procuring plant and equipment. 
• Understand the dynamics and benefits of cross-functional teamwork.
• Identify the risks associated with acquiring capital goods and review ways to limit their impact, using effective supplier selection, information control and specific contract terms. 
• Develop a documentary process to plan and record the acquisition events.
•  Review negotiation strategies specific to capital goods.

Course Content:

• Buyers’ traditional and potential contribution

• Cross-functional teams, objectives and responsibilities.

• Engineering – firm and full requirements.

• Finance – financial implications lease or buy, supplier financial stability. 

• Purchasing – process disciplines, procedures, supplier interface.

• Criticality of information management.

• Supplier sourcing, assessment, selection.

• Formal enquiries, site constraints, documentation.

• Project risks, contract-specific terms and conditions.

• Negotiation – planning, conducting.

• Contract administration.

    { Book Here }