Course description
Procurement and Managing Suppliers - Level 1
Upcoming start dates
Training Course Content
This Procurement and Managing Suppliers - Level 1 course will cover:
The Principles of Procurement
- Definition of procurement vs purchasing activities
- Defining the goals of procurement
- The role of procurement
- Supporting the business strategic objectives
- Formulating the procurement strategy
The Procurement Process
- Key roles and responsibilities
- Forming commodity teams
- Planning the procurement activities
- Development of the procurement policy
- Developing the supplier selection process
Compiling the Approved Supplier List
- Determination of the most appropriate suppliers
- Methods and techniques of inviting potential suppliers
- Developing the supplier questionnaire
- Supplier segmentation and grading Tier 1, 2 and 3 suppliers
- Developing supplier performance metrics
Supplier Relationship Management (SRM)
- Introduction to the principles of SRM
- The importance of the buyer/supplier relationship
- Developing the SRM strategy
- Collaboration and joint working
- Motivating suppliers and continuous improvement
Monitoring and Managing Supplier Contracts
- Managing the contract and setting expectations
- The importance of setting proper baselines
- Conducting supplier appraisals based on performance measures and metrics
- Dealing with underperforming suppliers
- Dealing with breaches and disputes
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 4.6
The trainers are professionals who know the practice of internal auditing. Throughout the training they shared their practical experience - in essence doing consultancy work for...
The trainers are professionals who know the practice of internal auditing. Throughout the training they shared their practical experience - in essence doing consultancy work for...
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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...
This was a really enjoyable and rewarding week of training. I will certainly be back for the next course.