Best Practices for Procurement and Contract Management
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Best Practices for Procurement and Contract Management Course
Introduction:
In today's business landscape, the development and implementation of effective strategies for acquiring materials, goods, equipment, and services have emerged as critical imperatives for organizations striving to optimize operating costs while enhancing quality and productivity. This program delves into the fundamental concepts that underpin strategic procurement and supply chain management, addressing contemporary challenges faced by organizations.
Designed for those seeking to cultivate high-performance purchasing and supply chain organizations, this fast-paced program offers a comprehensive exploration of industry best practices. Participants will gain a thorough understanding of what constitutes best practice in the field, equipping them with the knowledge and insights needed to drive exceptional performance within their organizations.
The program begins by establishing the mission, vision, and knowledge required to successfully implement processes and methods that lead to world-class performance. Participants will develop a holistic perspective of supply chains, considering key drivers from a logistics and demand standpoint. This broader understanding sets the stage for effective procurement and supply chain management, enabling delegates to apply essential techniques for controlling time and the movement of goods and materials to customers and users.
Practicality is at the core of this program, as it equips participants with tangible skills to be implemented in the workplace. Delegates will learn how to challenge existing methods and activities, fostering continuous improvement and enhanced collaboration with all supply chain players. By leveraging the acquired knowledge and skills, participants will be empowered to effect positive change, optimizing their organization's procurement and supply chain practices.
An integral component of the program is the application of the 8 Rules for Effective Supply Chain Management. Participants will not only gain a deep understanding of these rules but also learn how to apply them in practical ways. This hands-on approach ensures that participants can translate theoretical knowledge into actionable strategies, effectively navigating the complexities of supply chain management.
By participating in this program, individuals will develop the expertise needed to drive high-performance purchasing and supply chain organizations. They will be equipped with the tools and techniques to implement best practices, optimize processes, and collaborate effectively with supply chain partners. Armed with practical skills and a comprehensive understanding of strategic procurement and supply chain management, participants will be well-positioned to enhance operational efficiency and achieve excellence.
Join this program and unlock the potential to revolutionize your organization's procurement and supply chain practices. Acquire a thorough understanding of best practices, develop practical skills, and master the application of the 8 Rules for Effective Supply Chain Management. By doing so, you will embark on a transformative journey toward achieving world-class performance and driving sustainable success for your organization.
Course Objectives:
Participants attending the program will:
- Review the meaning of strategic procurement
- Be given examples of best practices in procurement
- Review how to obtain the best pricing
- Be taught how to develop spend analysis
- Work with all of the supply chain players pays
- Consider Key Performance Indicators (KPI)
Who Should Attend?
- Contracts, Purchasing, and Procurement personnel
- Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts
- Supply, Buying, Purchase, Logistics, Materials and Supply Chain Professionals
- All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities
- Those who need to develop their limited understanding of Logistics and Supply Chain Management
- Those who are looking for business gains and benefits from managing their supply chains more effectively
Course Outlines:
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
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
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
The Demand for Continuous Improvement in Total Cost of Ownership
- Driving Down Prices Through Cost/Price Analysis
- Determining and Tracking Cost Drivers
- Cost Containment
- Supplier Collaboration Technologies
- The E-Reverse Auction-What Is The Future?
- Improving the Purchasing of Maintenance, Repair, Operating (MRO)
Improving the Image of Procurement
- Developing and Maintaining a Customer Focus
- Integrating Procurement with Other Functions
- Strategies for Identifying and Managing Supply Risk
- Exception Management
- Basic Issues In Corruption and Fraud Prevention
- Increasing The Level Of Procurement Professionalism
Understanding What Logistics and the Supply Chain Are About
- Definitions of logistics and Supply Chain management
- The interrelations and connections of Buying, Making, Moving, and Selling activities
- History and the development
- Understanding the Supply Chain dynamics
Models for Supply Chain Management
- Supply Chain Operations Reference Models (SCOR)
- The Theory of Constraints (TOC)
Key Aspects and Rules of Supply Chain Management
- The cost/service balance
- Customer service principles
- Lead times throughout the supply chain
- Adding value
- Production options/changes
- Trade off opportunities
The Benefits of Adopting a Supply Chain Approach
- Understanding the sub functional conflicts
- Benefits within and between functions
- Taking a supply chain view of total acquisition costs
- Accepting that competitive advantage comes from the Supply Chain