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 organisation, policies, systems and procedures
• How to determine the required procurement manpower requirement - composition, competency & 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
  1. The Terminologies
  2. The major virus of Procurement
  3. Strategic fundamentals of a buyer
  4. Critical Issues for Consideration in Developing Procurement Strategy
• Types of Procurement Methods

- Centralised Procurement

- Decentralised Procurement

- Whole Life Procurement (TCO)

• The Procurement Management Procedure

- Preparing terms-of-reference for contract of service

- 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

• International Sourcing and E-Procurement
• 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

- Market research and supplier selection

- Common mistakes in Procurement Management and solutions

• Legal Issues

- Terms-of-reference for contract of service

- Effective Contract Management.

 

DAY FIVE

• Key Performance Indicators

- Guidelines for procurement audit manual

- 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 & Procurement Analysis.