CILT Endorsed Procurement Planning and Bid Management
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CILT Endorsed Procurement Planning and Bid Management Course
Introduction:
Planning is undeniably the cornerstone of any successful procurement operation, encompassing both its criticality and challenges. It serves as the compass, guiding the procurement function in securing the supply security of the organization. Within bidding management, a well-structured procurement plan plays a crucial role in striking a balance between achieving cost savings and meeting the needs of internal customers. This course is specifically designed to provide a comprehensive understanding of how to effectively approach the planning of procurement objectives and initiatives.
Throughout the course, participants will gain a thorough explanation of the key elements involved in procurement planning. They will explore various qualitative and quantitative forecasting techniques, examining their application in inventory planning. By understanding these techniques, participants will be equipped with the knowledge and tools to make informed decisions regarding inventory levels, ensuring optimal supply chain performance.
Furthermore, the course delves into vendor integration strategies, highlighting their significance in sustaining operations and projects. Participants will learn how to effectively integrate vendors into their procurement processes, fostering collaborative relationships that contribute to the overall success of the organization. By exploring different strategies, participants will gain insights into selecting and managing vendors, ultimately enhancing procurement outcomes.
The course emphasizes practical application, providing participants with real-world examples and case studies to reinforce their understanding of procurement planning. Through interactive exercises and discussions, participants will develop the skills and techniques necessary to navigate the complexities of procurement planning with confidence.
By completing this course, participants will gain a solid foundation in procurement planning, enabling them to align organizational objectives with procurement initiatives effectively. They will be equipped with the tools to forecast demand, optimize inventory levels, and integrate vendors strategically. Armed with this knowledge, participants will be well-positioned to drive value for their organizations, ensuring the continuity of operations and successful project execution.
Join this course and embark on a transformative learning journey in procurement planning. Gain a thorough understanding of qualitative and quantitative forecasting techniques, explore inventory planning strategies, and learn how to integrate vendors for sustained operations and project success. By honing your skills in procurement planning, you will enhance your ability to generate savings, meet internal customer needs, and contribute to the overall success of your organization.
Course Objectives:
By the end of the course, participants will be able to:
- Write strategic procurement objectives and initiatives to support long term directions
- Arrange 'spend items' into categories that support the planning of go-to-market strategies
- Apply demand forecasting techniques to improve the planning of procurement activities
- Generate vendor integration strategies to ensure supply security
- Evaluate vendor bids in a scientific manner to support selection decision making
Who Should Attend?
Purchasing and supply chain professionals at all levels of the organization who are involved in planning, sourcing, buying, and bid selection activities, as well as the personnel who are involved in the purchasing process.
Course Outlines:
Strategic Procurement Planning
- Setting procurement mission and objectives
- Selection of improvement initiatives
- Structure-related initiatives
- Systems-related initiatives
- Workstreams-related initiatives
- Culture-related initiatives
- Performance measures and targets
- Communication of procurement plan
- Stakeholder engagement
Spend Category Planning
- Spend category profiling
- Spend impact analysis
- Financial impact
- Vendor segmentation
- Market risk analysis
- Value chain analysis
- SWOT analysis
- Porter’s five forces
- Risk heat maps
- Vendor risk scores
- Category report consolidation
Forecasting and Demand Planning
- The soft side of forecasting
- Tetlock’s foxes and hedgehogs
- Taleb’s black swan
- Principles of demand planning
- Quantitative forecasting techniques
- Qualitative forecasting techniques
Vendor Integration
- Vendor prequalification process
- Vendor prequalification criteria
- Legal criteria
- Financial criteria
- Technical criteria
- Staff criteria
- HSE criteria
- Service Level Agreements (SLAs)
- Strategic partnering
- Supplier diversity programs
Bid Evaluation and Selection
- Bid management process
- Bid evaluation criteria
- Scoring systems and protocols
- Selection and award
- Total Cost of Ownership (TCO) for complex purchases