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
The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipment and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality
This Prestigious qualifications levels are regulated internationally to ensure recognized, professional standards in procurement and supply. CIPS Level 5 Advanced Diploma in Procurement and Supply is a vocationally related professional quali
This course is ideally designed for both procurement practitioners and auditors through a systematic approach to teach the delegates about the validation of compliance from the procurement function. It includes knowledge and skills of auditi
These are CIPS preparation classes backed by comprehensive practice and learning materials. You will be supervised and instructed by qualified instructors. It will help you to understand the processes involved tender documentation, quotation
This qualification is based on the professional and managerial levels of CIPS Global standards. You will learn about improving organizational procurement objectives and processes.
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