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Procurement and Managing Suppliers - Level 1

London Corporate Training Ltd
Course summary
1 week
Worldwide
Next available date: Request information - Worldwide
Corporate Training for Teams

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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 London Corporate Training Ltd

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

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 Course homepage


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