Procurement and Contracts Management
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Procurement and Contracts Management Course
Introduction:
In today's competitive business landscape, organizations face the challenge of reducing operating costs while enhancing quality and productivity. The development and implementation of effective strategies for acquiring materials, goods, equipment, and services have become crucial. This program delves into key concepts of strategic procurement and supply chain management, addressing contemporary industry issues. Designed for individuals striving to build high-performance purchasing and supply chain organizations, the fast-paced course aims to:
- Foster a comprehensive understanding of best practices.
- Establish the mission, vision, and knowledge necessary for successful implementation of processes and methods.
- Drive organizations towards achieving world-class performance.
By attending this course, participants will gain insights and skills to develop procurement and supply chain organizations that excel in their field.
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
How a Supply Chain Approach Changes Traditional Ways
- Looking at demand amplifications, and the "Forester" effect