Print Share Home
Onsite Seminar

Purchasing and Supply Management

Consortium Purchasing

Consortium purchasing, which can be between interorganizational units or between third party operations, is the pooling of requirements and resources among several companies and/or multiple company units.

You Will Learn
  • How to identify candidate commodities for consortium buying and identify external consortiums
  • How to form intra-company teams
  • How to review advantages and disadvantages of risks and obstacles
  • How to quantify potential savings
  • How to prepare consortium formation or participation proposals
  • How to initiate consortium buying activities
Course Outline
  1. History of consortium buying
  2. How consortiums work
  3. Forms of consortiums
  4. Advantages and disadvantages: for buyers and suppliers
  5. Best commodities for consortium buying
  6. Legal implications/concerns of consortium buying
  7. Responsibility of consortium members
  8. Supplier communications
  9. Confidentiality concerns
  10. Consortium teams
  11. Competitors as consortium members
  12. Consortiums in global markets
Who Should Attend

Purchasing and supply managers and buyers who want to achieve lower purchasing prices and lower costs of acquisition by leveraging the pooling of resources among several companies. This seminar is also valuable to suppliers who want to obtain advantages through larger production runs.