Best in Class Procurement delivers a wealth of value opportunities that can ensure that maximum advantage can be gained from your Supply Chain and associated supply-base. For procurement professionals who want keep up with the modern theories and techniques of procurement and supply chain management participation on this course is essential. The procurement profession has undergone a major transformation in the last 10 years and is widely recognized as being a function that can have a dramatic impact on an organizations bottom line.
Understanding and Implementing Best in Class Procurement
- The expectations of the Procurement Function
- The Essentials of Procurement
- The Essentials of Procurement
- The ‘Rights’ of Procurement
- The Procurement cycle
Embracing the modern trends in Supply Chain Management
- The structure of the Supply Chain
- Upstream and Downstream activities
- Procurement Strategies in the Supply Chain
- Supply Chain Mapping
The critical need to ‘knowing your Market’
- Supply Market Analysis
- Essential Tools of Analysis
- Demand Management
- Preparing to ‘Go to Market’
The process of selecting, developing and managing the Supplier
- The importance of choosing the Right Supplier
- The Supplier Selection Process
- Managing the Relationship
- Moving from Supplier to Partner
The core activities of the Tendering Process
- The RFx Process
- The key elements of Tendering
- Managing the Tendering Process
- Getting to ‘Contract Award’
Master the Contract Management process in Procurement
- The fundamentals of Contract Management
- Getting the Right Contract in Place
- The Specification
- Legal Content
- Performance Management
- Post-Award Activities
Implementing techniques for Measuring and Managing Performance
- Measuring Performance
- KPI’s / SLA’s
- Performance Review Meetings
- Strategic Business Reviews
- Performance Improvement Plans
Completing the Procurement Cycle
- Closing the Contract
- Post-Contract Review
- Evaluation of the Procurement Process
Target Audience
- Procurement Directors / Managers
- Supply Chain Managers
- Buyers / Senior Buyers
- Supplier Managers
- Operations Directors / Managers
- Managing Directors
- PLUS anyone who is responsible for / involved in Supplier Relationships, or anticipates being involved with Supplier Management in the future
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