quantitative techniques for purchase decisions

Whether in our personal life or professional life, purchase decisions are inevitable. Managing purchases is all about managing our funds. Any wrong procurement decision leads to blockage of funds or even sinking of the precious funds. Against this backdrop, scientific decision is of paramount importance.

While taking decisions, rather than studying the situation analytically, our decisions are based on "gut feeling". Objective of Quantitative Techniques for Purchase Decisions Training Course is to give analytical teeth to all the decision makers.

COURSE AGENDA

  • Make Vs Buy Decisions
  • Lease Vs Buy Decisions
  • Make Vs Buy Vs Rent decisions
  • Deciding between or among production systems
  • Basics of Decision Making
  • Basics of Cost Benefit Analysis
  • Basics of Forecasting techniques
  • Calculation of Breakeven point
  • Types of Capital Purchases
  • Factors to be considered while buying a Capital Equipment
  • Economic analysis of purchase of capital equipment
  • Checklist for Selecting Suppliers of Capital Equipment
  • Practice Examples on PBP, IRR, ARR, NPV and ROCE