This course covers review the meaning of strategic procurement, discussing integration methods, reviewing how to obtain best pricing, considering Key Performance Indicators (KPI) for Procurement and much more.
DurationCourse 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
- Supply Market Research
- Procurement Entity's Market Impact
- Developing Procurement Objectives
- Developing Corporate Level Procurement Strategies
- Case Study
- Managing the Procurement Function
- Corporate Procurement Strategy Exercise
Day 5
- Planning for Significant Purchases
- Stakeholder Analyses
- Demand and supply market analysis
- Implementing procurement strategy
- Measuring procurement outcomes
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.
Masters is also an approved vendor from KHDA & ILM
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