How to become a Procurement manager?

Overview of  Procurement manager

A Procurement manager is someone who does the Project buying of goods and services for the effective running of an organization or supply chain. Procurement is considered as the mouth of the body of any organization. Different business functions or departments rely on how well the procurement department is able to buy reliable goods or services from vendors on behalf of other departments who are usually referred to as Requesters

A major part of being a professional in procurement requires real-life experience practical and less of theory. The theory is good but you would need the guidance and obtain practical procurement tools that work.

To be a great procurement manager you would need to understand and implement procurement tools. Tools do the magic and provide the required results

The ability to understand and use these tools separates practical from theory in procurement management.

The misconception between Procurement and Purchasing Management

People often misuse or misinterpret these two as one is superior to the other or are the same. This is not true as the similarities between the two are that ;

1. The processes involved in procurement and purchasing are the same.
2. They both are Buyers of an organization

The differences between the two are these;

1. The purchasing manager is an Operational Buyer

• The Procurement Manager is a strategic Buyer

We have several types of Procurement managers so you have to decide the type of procurement manager you want to be

1. Whole life Procurement manager
2. Most Economically Advantageous Tender Procurement manager
3. Centralized Procurement manager
4. Decentralized Procurement manager
5. Hybrid procurement manager

To understand the type of procurement manager you would choose to be or practice, a good knowledge of supply chain management is very important.

You have to first understand the supply chain structure of the business or organization you intend procuring for to buy goods and services at the right specifications and right prices.

Attending standard training sessions with professional training organizations or institute with a lot of practical experience will be of great help.

There are different professionals in the procurement department that are managed by the procurement manager. These include;

1. Procurement Analyst
2. Procurement risk appraiser
3. Procurement Financial  professional
4. Vendor performance management systems operator
5. Vendor relationship management coordinator

To be a procurement manager that will be successful in this profession. You should be able to carry out the above-mentioned procurement functions effectively.

Here are detailed course outline that can provide you with the necessary training that will make you qualified and successful

 

Course Content for Procurement manager

DAY 1 

• Supply Chain Management 
• The 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 and Value Chain Management 
• The Bullwhip Phenomenon 
• Understanding the Procurement Cycle
• Requirement to Procure
• Plan the Process of procurement
• 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 Procurement process

DAY 2 

• International Logistics in Procurement Management 
• Intermodal Transportation 
• Elements of business Logistics 
• Managerial issues in Procurement 
• Local and International Procurement Management 
• Analyzing the factors of Procurement and Supply Chain Management 
• Earn Value Supply Systems
• Strategic Forecasting techniques
• Tactical/Departmental Forecasting techniques
• Operations Forecasting techniques
• Procurement Chain stakeholders Management
• Procurement and Supply Chain Stakeholders planning
• Procurement and Supply Chain Stakeholders Priotization
• Procurement and Supply Chain Stakeholders optimization
• Power/Interest Grid Matrix as a tool
• E-Procurement, Contracts and Supply Chain using any kind of ERP(Enterprise Resource Planner)

DAY 3 

• Procurement Risk Management 
• Procurement Risk Auditing 
• Procurement Risk Prioritization and Categorization 
• Procurement Performance Management 
• Inventory Management 
• Wholesale and retail coordination 
• Designing healthy competitive programs for the wholesalers and retailer 
• Harmonizing the goals of the different channel members 
• Analyzing Channel gaps 
• Effective tools to address gaps 
• Procurement and Supply Chain Performance System