Training on Procurement Best Practices

Training on Procurement Best Practices

About the Program

The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipment and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This training program explores key concepts forming the basis of the best practices in procurement and supply chain management and moves through leading edge issues that confront organizations today.

Target Audience

•Contracts, Purchasing, and Procurement Personnel

•Project, Engineering, Operational, and Maintenance, Personnel who are involved in the planning, and execution of purchases and contracts

•Supply, Buying, Purchase, Logistics, Materials and Supply Chain Professionals

•All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

Training Period

• Classroom: 5 Days
• Online: 7 Days

Modules

Module 1: Seeing Procurement as a Dynamic, Interactive System

• The System Approach vs. the Traditional Functional Approach
• What is the goal of Procurement?
• Developing the Strategic Procurement Plan
• An Overview of the Procurement Process
• Procurement as Part of the Supply Chain

Module 2: Developing the Strategic Procurement Decisions

• Make / Buy Decision
• Vertical Integration
• Alliances and Partnerships
• Inter-company Trade
• Reciprocity and Counter Trade
• Supplier Strategy
• The Coordination Strategy
• The Purchasing organization

Module 3: Implementing the Tactical Procurement Decisions

• Supplier Involvement
• Value Analysis
• Quality Assurance
• Supplier Selection
• Supplier Rating and Ranking
• Contract Management
• IT Systems and e-Procurement
• Policies and Procedures
• Staffing the Procurement Department

•Module 4: Dealing with Operational Procurement Decisions

• Selecting the most Appropriate Ordering Process
• Addressing Quality Issues
• Follow-up
• Overdue Orders
• Expediting
• The Payment Process
• Reducing the Cost of Procurement: Small Value Purchase Orders.
• Reducing the Cost of Procurement: Small Value Purchase Orders.

•Module 5: Contingency Procurement Decisions

• The Different Contingency Situations
• Contingency Management

•Module 6: Procurement Performance Measurement

• Spend Analysis
• Total Cost of Ownership
• Supplier Performance Measurement

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the training, participants will be awarded a certificate of course completion