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Advanced Procurement and Managing Suppliers

London Corporate Training Ltd
Course summary
2 weeks
Corporate Training for Teams
Next available date: Request information - Worldwide
Course Dates
Worldwide
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Ghana
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Nigeria
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Course description

businessman - London Corporate TrainingAdvanced Procurement and Managing Suppliers - In-House

This in-house training programme covering Advanced Procurement strategies and Managing Suppliers is designed to enable delegates to set up and manage a procurement activity. The training agenda covers supplier evaluation methods and selection criteria, as well as supplier performance measurement tools.

Upon successful completion of this one-week training series, delegates will have identified effective ways to increase the procurement effectiveness of their organisations.

Suitability - Who should attend?

This training course is designed for:

  • Purchasing executives, senior managers, and professional staff from supply chain management, logistics and inventory planning and control
  • General managers wanting to understand the procurement function
  • Those engaged in the management or operation of projects
  • Those responsible for developing, managing or working with budget/cost constraints
  • Those with an interest in strategic planning and costs management
  • Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services

Training Course Content

This 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

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

Expenses

The cost of this in-house varies based on number of participants, location and other factors. Request information for a training quote

About provider

London Corporate Training - Professional Training Courses

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk

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