Strategic Procurement Management training Course

Strategic Procurement Management training course and Supply Chain Management standards in business cannot be over stated. The demand of expertise and professional Strategic Procurement and Supply Chain Management personnel is increasing day-by-day, so what is your ranking today?

It has now been established without any doubt whatsoever Strategic procurement Management systems lead directly to  increased bottom line profits.

Leading edge companies which successfully gain competitive advantage and which are able to implement immediate cost savings, are those which possess knowledgeable and skillful Procurement Management and Supply Chain Management professionals

Upon completion of this Strategic Procurement Management course, participants will be able to

  • Provide a working definition of value of Strategic Procurement Management
  • Compare the various perspectives of value and understand that supply chain management enables companies to manage the trade-off between these perspectives
  • Identify the three ways to measure value: operational, customer, and financial in a Procurement Management system
  • Explain the causes of non-value-added activities
  • Understand that Procurement Management increase net value by increasing value-added activities as well as minimizing non-value-added activities
  • Identify how supply chains create net value according to the three ways of measuring value.

Course Content for Strategic Procurement Management

  1. Introduction to Supply Chain Management
  • The Supply Chain Management perspective
  • How the process works for both Product and Service sectors
  • The role of the Logistics Manager in the Supply Chain
  • Types of Strategic Procurement Management Systems
  • Being customer focused in the chain
  1. Supply Chain Management
  • Actual process of the Supply Chain
  • Major functions of the Supply Chain
  • The Supply Chain Structure
  • Supply Chain and Demand Chain
  • Supply Chain underlying Principles- the 4Cs
  • Dealer Management
  • The Bullwhip Phenomenon
  1. How smart are you?
  • Top 10 mistakes in Strategic Procurement Management
  • Supply Chain Management Systems designs and Structuring
  • Procurement and Supplier development System
  • Strategic Procurement Management Forecasting techniques
  • Tactical/Departmental Forecasting Techniques
  • Operations Forecasting Techniques
  • Creating efficiency through Work Study
  • Delivering result via work measurement
  1. Strategic Procurement Management for effective results stakeholders engagement
  • Elements of stakeholders Management
  • Understanding the Politics of Strategic Procurement Management
  • Stakeholders Analysis
  • Stakeholders Planning
  • Stakeholders Priotization techniques
  1. Strategic Procurement Management Business process details
  • Supply Chain Management Planning
  • Strategic Alignment for the Supply Chain Manager
  1. Supply Chain Management detailing technique
  • The Work Structure of Supply Chain Management
  • Supply Chain Planning work conversion method
  • Implementation technique
  1. Strategic Procurement management Finance
  • Budget Forecasting
  • Budget development structuring
  • SCM Master Budgeting
  • SCM Financial Performance management      
  1. Supply Chain/Procurement Risk Management
  • Supply Chain/Procurement Risk Auditing
  • Supply Chain Risk Priotization and Categorization
  1. Supply Chain/Procurement Performance Management
  2. Introduction to Supply Chain and Procurement Management Electronic technology
  • E- Supply Chain Management/Strategic Procurement
  • ERP usage via Sage, J.D Edwards, SAP, Microsoft Dynamics e.t.c
  • Web based Supplier and Demand Management
  1. What is Procurement?
  • Strategic Fundamentals of a buyer
  • The 80:20 law of procurement Management
  • The nature of procurement
  • The Procurement Management Procedure
  • Project Appraisal and Analysis
  • Sourcing
  • Tendering
  • Types of Procurement methods
  • P2P
  • Centralized Procurement
  • Decentralized Procurement
  • Whole Life Procurement (TCO)
  • Bidding
  • The logistics of procurement in the Chain
  • The buyer’s influence on the Supply Chain
  • Common mistakes in Procurement Management and solutions
  • Procurement Cycle
  • Requirement to purchase
  • Plan the process
  • Prepare the documentation
  • Identify possible suppliers
  • Issue/Receive back the tender/quotation documentation
  • Evaluate the submissions
  • Negotiate
  • Award and place the contract
  • Delivery
  • Pay the supplier
  • Manage and monitor the contract
  • Review the process

 

DURATION
      3 (three) days
METHODOLOGY
·      Lectures

·      Discussions

·      Individual and group exercises

·      Case studies

·      Activities

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