(Available also for Customised Training by Duration, Venue & Fee)
Programme Description
This course provides participants with the necessary knowledge and skills to effectively and efficiently manage company and project procurement functions.
The topics covered will include:
• The concept of strategic and operational procurement management
• How to craft procurement strategies, plans and programmes
• How to develop the proper procurement organisation, policies, systems and procedures
• How to determine the required procurement manpower requirement - composition, competency & quantity
• Managing purchasing operations
• Managing project procurement
• Managing vendor relations
• Tender management
• Contract management
• Warehouse management
• Delivery / distribution / logistic management
• Managing procurement information management system.
Course Contents
DAY ONE
• Overview of Procurement
a. The Terminologies
b. The major virus of Procurement
c. Strategic fundamentals of a buyer
d. Critical Issues for Consideration in Developing Procurement Strategy
• Types of Procurement Methods
o Centralised Procurement
o Decentralised Procurement
o Whole Life Procurement (TCO)
• The Procurement Management Procedure
o Preparing terms-of-reference for contract of service
o Project Appraisal and Analysis
o Sourcing
o Tendering and Bidding.
DAY TWO
• Procurement Cycle
o Implementing procurement management plan
o Requirement to purchase
o Plan the process
o Prepare the documentation
o Identify possible suppliers
o Issue/Receive back the tender/quotation documentation
o Evaluate the submissions
o Negotiation - High value Negotiation planning
o Award and place the contract
o Delivery
o Payment
o Manage and monitor the contract
o Review the process
• Procurement Business Process Management
o Procurement Management Planning
o Strategic Alignment for the Procurement Manager.
DAY THREE
• Financial Skills for Procurement Executives
o Capital Investment Appraisal
o Budget forecasting
o Budget development structuring
o Procurement Master Budgeting
o Procurement Financial Performance management
o Final Investment Decision
• Procurement Risk Management
o Guidelines for procurement audit manual
o Procurement Risk Auditing
o Procurement Risk Prioritisation and Categorisation
• Contract Management Skills for the Buyer
o Types of contracts and implementation techniques
o Contract strategies and techniques
o Using the difference in real life situations.
• Effective Negotiation in procurement
• Procurement Performance Management
• Supplier Development Programming
• Vendor Administration
• Strategic Supplier workshop development
• International Sourcing and E-Procurement
o Procurement Management technological development
o Introduction to Electronic Procurements
o Supplier Management Integration System
o Oracle Enterprise Resource Planners v. Procurement.
DAY FOUR
• International Sourcing and E-Procurement
• Procurement Stakeholders Management
o Stakeholders Analysis
o Stakeholders Planning
o Stakeholders prioritisation techniques
• The Role of the Buyer in the Supply Chain
o What exactly is the Supply Chain Management?
o How the Supply Chain works
o The logistics of procurement in the Chain
o The buyer’s influence on the Supply Chain
o Market research and supplier selection
o Common mistakes in Procurement Management and solutions
• Legal Issues
o Terms-of-reference for contract of service
o Effective Contract Management.
DAY FIVE
• Key Performance Indicators
o Guidelines for procurement audit manual
o Optimize existing Procurement Models
o Costing models - the Total Cost of Ownership
o Contracting with reduced supplier base
o Financial Skills for Procurement Executives
• Formulas For Winning Highly Competitive Bids
• Project Management & Procurement Analysis.
