Course description
Procurement is the sum total of effort that goes into discovering and acquiring the supplies an organization requires to function effectively. This includes sourcing for supplies, sealing contracts, managing suppliers, and settling supplier invoices as and when due.
Unlike how similar it sounds, procurement goes far beyond just purchasing supplies needed to run your organization’s day-to-day operations. Rather, procurement is concerned with what happens end-to-end, from the moment an organization determines a supply is needed until the required infrastructure to deliver and keep delivering it is made available.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Procurement and Supply Chain training programme, is ideal for:
- 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
Outcome / Qualification etc.
At the end of this Procurement and Supply Chain programme , you will be able to:
- Review the meaning of strategic procurement
- Be given examples of best practices in procurement and the supply chain
- Review how to obtain the best pricing
- Be taught how to develop spend analysis
- Develop a functional and cross-functional view of the supply chain
- See that better working with all of the supply chain players pays
- Consider Key Performance Indicators (KPI’s)
Training Course Content
Day 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
Day 2
Developing Strategic Procurement Decisions:
- Make/buy decision
- Vertical integration
- Alliances and partnerships
- Inter-company trade
- Reciprocity and countertrade
- Supplier strategy
- The coordination strategy
- The Purchasing organization
Day 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
Day 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 the procurement: small value purchase orders
Day 5
Contingency Procurement Decisions:
- The different contingency situations
- Contingency management
- Procurement Performance Measurement
- Spend analysis
- The total cost of ownership
- Supplier performance measurement
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...