Strategic Procurement Management Course

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Strategic procurement management course is key for many projects, because procured goods and services form the highest percentages of expenditure and so it is important to achieve value for money through careful appraisal and management.

START:
September 22, 2020
DURATION:
3 DAYS
ID:
JKM/PM/120
CREDIT:
18 PDUs
PRICE
150,000.00

Address

PLOT 14,Odeniran Close,Off Opebi Link bridge,Opebi,keja, Lagos.-Jk Michaels   View map

Strategic procurement management course is key for many projects, because procured goods and services form the highest percentages of expenditure and so it is important to achieve value for money through careful appraisal and management. The procurement strategy will promote a controlled and auditable response to external influences and ensure that the project, objectives are met. This course aims to equip you with the capacity to develop management and strategic skills in procurement in order to increase Value for Money. It will enable you to assess the meanings and outcomes of the stages in the development of an effective procurement strategy. It will develop your skills on how the process should be undertaken.

Strategic Procurement Management Course Objectives

  • Development of skills in a strategic process of procurement
  • Improvement of procurement management to delivery VFM
  • Building skills on how to undertake the process
  • Assesment of collaborative forms of working: partnering, alliances and joint ventures
  • Evaluation of project contraints and the management of risk

BENEFITS OF STRATEGIC PROCUREMENT MANAGEMENT COURSE TO INDIVIDUALS

  • Developing Procurement strategy to deliver Vision and Objectives
  • It enables a company to extract value by developing strategies around each category of spend. Such an analysis looks beyond dollar savings and into potential impacts across the entire supply chain including quality and service of goods and services purchased.
  • Strategic procurement can help maximize the value derived from procurement by going beyond the traditional focus on lowest price.
  • It helps manage suppliers to ensure that their performance meets or exceeds contractual commitments. Internally, it means monitoring compliance within the organization to ensure that procurement benefits are fully realized.
  • Procurement Negotiations are better handled. Advanced techniques for Negotiations and aligning Negotiation Behaviour with Established Supplier Relationships.

BENEFITS OF STRATEGIC PROCUREMENT MANAGEMENT  COURSE TO ORGANISATION 

  • Reduce the overall procurement costs
  • Increase Inventory returns
  • Identify obsolete inventory and eliminate stock outs
  • Identify standardization opportunities
  • Reduce your cost of inventory obsolescence
  • Become truly responsive to your customers’ real needs
  • Make your scheduling and shop loading more efficient
  • Narrow the gap between sales and stock replacement
  • Fine-tune your record-keeping accuracy for better inventory management
  • Determine your exact material status and inventory dollar burden

Course Outlines

What You’ll Learn

Introduction to Strategic Sourcing and Supply Management

  • Evolution, objectives and responsibilities of supply management
  • Trends and pressures affecting supply management
  • How to determine the right supply chain for your product

The P2P Process, Purchasing Organization, and Commodity Strategy Development

  • Best practices for the procure-to-pay process (P2P)
  • Role and structure of purchasing departments and where they fit in the organizational structure
  • 7-step process to develop your commodity strategy

Supplier Evaluation and Selection and the Analytic Hierarchy Process

  • How to define important supplier characteristics and evaluation criteria
  • Strategies for evaluating your suppliers
  • Ways to improve your evaluation and selection process

Supplier Performance Management, Quality Management and Supply Base Integration

  • Strategies, tools and techniques for measuring and managing supplier performance
  • How to apply quality management concepts to manage supplier quality issues
  • Understanding of enterprise resource planning (ERP) systems
  • The value of quality buyer-supplier relationships and developing your suppliers

Global Sourcing and Outsourcing

  • How to analyze global trading partner data
  • The role of international purchasing offices (IPO)
  • When and how to enlist third party support
  • Global trends and research on outsourcing

Electronic Procurement and Strategic Cost Management

  • Objectives, benefits and challenges of e-procurement
  • E-procurement tools that yield the greatest benefits
  • Cost management across the entire supply chain
  • Value engineering, value analysis, cost analysis, and price analysis techniques

Negotiations, Law and Contract Management

  • Four principles for getting to yes
  • Effective negotiation tactics and methods
  • Laws of agency and buyer’s personal liability
  • Fundamentals of contract law and the Uniform Commercial Code (UCC)

Ethics and Green Procurement

  • How your firm can promote ethical behavior
  • Drivers of environmental sourcing and sustainability
  • Generally recognized environmental standards and certifications

Who Should Attend?

WHO SHOULD ATTEND THIS STRATEGIC PROCUREMENT COURSE

  • Procurement Directors
  • Business Owners / Managing Directors
  • Supplier Managers
  • Supply Chain Consultants
  • Buyers / Senior Buyers
  • Operations Managers & Directors
  • Finance Managers
  • Project Managers
  • Executive Directors
  • General Managers
  • Divisional Heads
  • Project Directors
  • Project Engineers
  • Administration Managers
  • Project Leaders
  • Team Leaders
  • Supervisors
  • Contractors
  • Management Consultants
  • PLUS anyone who is responsible for / involved in Supplier Relationships, or anticipates being involved with Supplier Management in the future

Course Dates

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JK Michaels Institute

JK Michaels Institute is a forward thinking Project Management, consulting and training firm. Our solutions help clients improve performance, measurable growth in return on investment, manages change effectively and delivers excellent business result.

CONTACT

Email: mails@jkmichaelspm.com
Telephone: +234 01 293 3181,
+234 8033596025 Direct Line;+353 1 6877091
Address:Plot 14 Odeniran Close,Off Opebi Bridge,Opebi,Ikeja,Lagos Nigeria.
33,Meadow Drive,Clonsilla,Dublin 15,Ireland.

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