Course description
Procurement – Performance Measurement and Governance
Measuring performance is part of how modern businesses function. Procurement is no different in that respect. The benefits of adopting a rigorous performance measurement approach are numerous: other departments and higher management can better recognize the value procurement is adding . Measurement using appropriate KPIs can lead to performance improvement: for example, measuring the generation of savings to show the contribution procurement has made to the company's bottom line performance. A better procurement department will reduce the risk of shortages, allowing production to be continuous and efficient. Better management of inventory will reduce the cost of capital tied up in stock in the warehouse. This training workshop is all about these topics.
Upcoming start dates
Suitability - Who should attend?
Target Audience
This training workshop is suitable for:
- Procurement Officers, analysts and managers.
- Contract Engineers and analysts.
- Quantity Surveyors
- Commercial advisers
- Procurement team members
- General managers
- Executives tasked with managing contracts.
- Contract Administrators
- Anyone who wishes to have a good understanding and involvement in purchasing activities.
Outcome / Qualification etc.
Learning Outcomes
Upon completion of this training workshop, you will have:
- an understanding of why procurement departments should measure their performance.
- constructed a set of Key Performance Indicators that measure the most appropriate aspects of performance.
- discussed appropriate procurement systems to support performance measurement.
Training Course Content
- Benefits of measuring the performance of procurement
- Assessing Purchasing Effectiveness and Purchasing Efficiency
- KPIs for measuring performance
- Procurement Information systems
Why choose London Business Training & Consulting
Management consultation service
Paperless service delivery model
Flexible open course schedule
Expenses
Course Price: £690.00 + VAT
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Reviews
London Business Training & Consulting
London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1 day to 11 weeks. This includes 90-minute interactive live...
A very excellent and interactive Programme. I will recommend it to my colleagues.