Training Advanced Procurement Management

Advanced Procurement Management

Course Description

The development and implementation of carefully crafted strategies for the acquisition of all goods, equipment, and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity.

This program explores key concepts forming the basis of strategic procurement and moves though leading edge issues that confront the purchasing organization today.

This fast paced advanced topics program is designed for those wanting to develop high performance purchasing organizations.  This begins with a thorough understanding of what constitutes procurement best practices and then moves to establishing the procurement mission, vision, and knowledge needed to successfully implement the processes and methods needed to reach world-class performance.

Course Objective

Participants attending the program will:

 

  • Review the meaning of strategic procurement
  • See the procurement job descriptions of the future
  • Discuss integration methods
  • Be given examples of best practices in procurement
  • Study supply risk mitigation from the strategic perspective
  • Review how to obtain best pricing
  • Understand methods of focusing on the more important areas of procurement
  • Learn how to improve the image of purchasing operations
  • Be taught how to develop spend analysis
  • Consider Key Performance Indicators (KPI) for Procurement

Who Should attend?

  • Contracts, Purchasing, and Procurement personnel.
  • Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts, and
  • All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities.

Course Outline

It Is Time For Procurement To Become Strategic.

  • Defining Supply Management
  • Strategic Sourcing
  • New Job Descriptions For Purchasing
  • Identifying Competencies And Weaknesses
  •  Benchmarks For Purchasing
  • Reengineering And Restructuring Organizations

Developing the Procurement Vision & Mission.

  • Developing The Strategic Plan
  • Supplier Classification Systems
  • Supplier Qualification Methods
  • Developing Quantitative Evaluations
  • Supply Chain Management
  • Defining Strategic Supplier Alliances
  • The Strategic Alliance Process

The Steps to Strategic Procurement.

  • Developing Spend Analysis
  • Excel Tools For Analysis
  • Strategic Sourcing Software
  • Methods Of Commodity Coding
  • Commodity Management
  • Developing Key Performance Indicators (KPI) For Procurement
  • Supplier Performance Metrics

The Demand for Continuous Improvement In Total Cost Of Ownership.

  • Driving Down Prices Through Cost/Price Analysis
  • Determining And Tracking Cost Drivers
  • Cost Containment
  • Supplier Collaboration Technologies
  • The E-Reverse Auction-What Is The Future?
  • Improving the Purchasing of Maintenance, Repair, Operating (MRO)

Improving the Image of Procurement.

  • Developing And Maintaining A Customer Focus
  • Integrating Procurement With Other Functions
  • Strategies For Identifying And Managing Supply Risk
  • Exception Management
  • Basic Issues In Corruption And Fraud Prevention
  • Increasing The Level Of Procurement Professionalism

The Centre for Operations and Procurement Excellence

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