Cambridge
Academy
In London

Introduction

 Procurement is the sum total of effort that goes into discovering and acquiring the supplies an organization requires to function effectively. This includes sourcing for supplies, sealing contracts, managing suppliers, and settling supplier invoices as and when due. Unlike how similar it sounds, procurement goes far beyond just purchasing supplies needed to run your organization’s day-to-day operations. Rather, procurement is concerned with what happens end-to-end, from the moment an organization determines a supply is needed until the required infrastructure to deliver and keep delivering it is made available. Procurement and Supply Chain programme explores key concepts forming the basis of procurement and supply chain management and moves through leading-edge issues that confront organizations today.

Course Objectives

By the end of this course, participants will be able to:

·        Review the meaning of strategic procurement

·        Be given examples of best practices in procurement and the supply chain Review how to obtain the best pricing

·         Be taught how to develop spend analysis

·        Develop a functional and cross-functional view of the supply chain See that better working with all of the supply chain players pays Consider Key Performance Indicators (KPI’s)

Target Audience

This course is designed for:

·        Procurement and Supply Chain training program , is ideal for:

·         Contracts,

·        Purchasing

·        Procurement Personnel Project

·        Engineering

·        Operational

·         Maintenance

·         Personnel who are involved in the planning, and execution of purchases and contracts Supply, Buying

·        Purchase

·        Logistics

·         Materials and Supply Chain Professionals

Course Outlines

 Day 1 : Seeing Procurement as a Dynamic, Interactive System:

·        The System Approach vs. the traditional Functional Approach

·        What is the goal of Procurement?

·         Developing the Strategic Procurement

·         Plan An overview of the procurement process

·         Procurement as part of the Supply Chain

Day 2 : Developing Strategic Procurement Decisions:

·        Make/buy decision Vertical integration

·        Alliances and partnerships Inter-company trade Reciprocity and countertrade Supplier strategy

·         The coordination strategy

·         The Purchasing organization

 Day 3 : Implementing the Tactical Procurement Decisions:

·        Supplier involvement Value analysis

·        Quality Assurance Supplier selection

·         Supplier rating and ranking Contract management

·        IT systems and e-Procurement

·        Policies and procedures Staffing the Procurement Department

 Day 4 : Dealing with Operational Procurement Decisions:

·         Selecting the most appropriate ordering process

·        Addressing quality issues

·         Follow up Overdue orders

·         Expediting The payment process

·         Reducing the cost of the procurement: small value purchase orders

 Day 5: Contingency Procurement Decisions:

·        The different contingency situations Contingency management

·         Procurement Performance Measurement Spend analysis

·        The total cost of ownership Supplier performance measurement