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Procurement and Managing Suppliers - Level 2

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 course will cover:

Overview of the Procurement Cycle

  • The principles of procurement
  • The procurement process
  • Compiling the Approved Supplier List
  • Supplier Relationship Management (SRM)
  • Monitoring and Managing Supplier Contracts

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

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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