PROCUREMENT & VENDOR MANAGEMENT TRAINING

Live-Online Training: N250,000
Classroom Training: N350,000
3 - 4 participants: 5% discount
5 or more participants: 10% discount 

(Available also for Customized Training by Duration, Venue & Fee)

Programme Description

This course provides participants with the necessary knowledge and skills to manage company and project procurement functions effectively and efficiently.

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 organization, 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
• • The Terminologies
  • The major virus of Procurement
  • Strategic fundamentals of a buyer
  • Critical Issues for Consideration in Developing Procurement Strategy
• Types of Procurement Methods
• • Centralized Procurement
  • Decentralized Procurement
  • Whole Life Procurement (TCO)
• The Procurement Management Procedure
• • Preparing terms-of-reference for contract of service
  • Project Appraisal and Analysis
  • Sourcing
  • Tendering and Bidding.

DAY TWO

• Procurement Cycle
• • Implementing procurement management plan
  • Requirement to purchase
  • Plan the process
  • Prepare the documentation
  • Identify possible suppliers
  • Issue/Receive back the tender/quotation documentation
  • Evaluate the submissions
  • Negotiation – High value Negotiation planning
  • Award and place the contract
  • Delivery
  • Payment
  • Manage and monitor the contract
  • Review the process
• Procurement Business Process Management
• • Procurement Management Planning
  • Strategic Alignment for the Procurement Manager.

DAY THREE

• Financial Skills for Procurement Executives
• • Capital Investment Appraisal
  • Budget forecasting
  • Budget development structuring
  • Procurement Master Budgeting
  • Procurement Financial Performance management
  • Final Investment Decision
• Procurement Risk Management
• • Guidelines for procurement audit manual
  • Procurement Risk Auditing
  • Procurement Risk Prioritization and Categorization
• Contract Management Skills for the Buyer
• • Types of contracts and implementation techniques
  • Contract strategies and techniques
  • 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
• • Procurement Management technological development
  • Introduction to Electronic Procurements
  • Supplier Management Integration System
  • Oracle Enterprise Resource Planners v. Procurement.

DAY FOUR

• International Sourcing and E-Procurement
• Procurement Stakeholders Management
• • Stakeholders Analysis
  • Stakeholders Planning
  • Stakeholders prioritization techniques
• The Role of the Buyer in the Supply Chain
• • What exactly is Supply Chain Management?
  • How the Supply Chain works
  • The logistics of procurement in the Chain
  • The buyer’s influence on the Supply Chain
  • Market research and supplier selection
  • Common mistakes in Procurement Management and solutions
• Legal Issues
• • Terms-of-reference for contract of service
  • Effective Contract Management.

DAY FIVE

• Key Performance Indicators
• • Guidelines for procurement audit manual
  • Optimize existing Procurement Models
  • Costing models – the Total Cost of Ownership
  • Contracting with reduced supplier base
  • Financial Skills for Procurement Executives
• Formulas For Winning Highly Competitive Bids
• Project Management & Procurement Analysis.