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Advanced Procurement Management

by Golden Masters for Training & Consultancy

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

AED 17000

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img Duration

5 days

Course Details

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 

Course Certificate:

Masters Consultant certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.

Course Outline 

Day 1   
 
 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 

Day 2   
 
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 

Day 3   
 
 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 
 
Day 4    
 
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) 

Day 5   
 
 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 

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

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  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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