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Strategic Procurement and Vendor Management Course

By: Tom Associates  

Lagos State, Nigeria

13 - 17 Nov, 2017  5 days

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NGN 162,750

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

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 and 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
  • 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 Prioritisation and Categorisation
  • 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

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

Day Five

  • Key Performance Indicators
  • 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 and Procurement Analysis
5/7 Alade Lawal Street, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos. Nov 13 - 17 Nov, 2017

Registration: 08:30:am - 09:00:am

Class Session: 09:00:am - 04:00:am

NGN 162,750.00(Including VAT)
(Convert Currency)


Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.
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