Developing a Procurement Strategy

by Golden Masters for Training & Consultancy

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.

AED 17000

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img Duration

5 days

Course Details

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

 

        - 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. 

 
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

  • Sheikh Zayed Road Branch

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

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