Course description
Procurement and Managing Suppliers - Level 2
Upcoming start dates
Choose between 5 start dates
Training Course Content
This Procurement and Managing Suppliers course will cover:
Overview of the Procurement Cycle
- The principles of procurement
- The procurement process
- Compiling the Approved Supplier List
- Supplier Relationship Management (SRM)
- Monitoring and Managing Supplier Contracts
Definition and Development of a Sourcing Strategy
- Understanding the concept of strategic sourcing
- Differences between sourcing and strategic sourcing
- The seven stages of a competitive sourcing strategy
- The value and benefits of strategic sourcing
- Performing a strategic sourcing gap analysis
The Strategic Sourcing Process
- Working to the seven phases
- Generate the supplier portfolio
- Determine the implementation path
- Selection of strategic suppliers
- Integration of the strategic suppliers
Strategic Cost Management
- Principle of cost management in procurement
- Whole life costing
- Total cost of ownership
- Target costing and analysing prices
- Should cost analysis
Identifying and Managing Risks
- Determination of the risk involved in the global supply chain
- Practical risk identification and assessment
- Proactive risk management
- Effective risk migration strategies
- Dealing with challenging situations in the supply chain
Why choose LCT International
We have trained over 25,000 delegates from almost 500 client organisations
Highly qualified and experienced trainers who offer a unique learning experience tailored to you
Endorsed by various organisational and subject specific accrediting bodies
Reviews
Average rating 5
Based on 1 reviews.
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23 Sep 2021
Interesting, helpful, professional and client orientated.
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LCT International
London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London
LCT International - High value, high impact training programmes delivered globally to teams and individuals For almost 30 years we have delivered tangible improvements to organisations by enabling their leaders, managers and professionals to reach their full potential through transformational...
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Instructors were excellent and appreciated the constant referral back to, not only the course objectives but the personal objectives we as students had. The Tuesday Networking ...