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Procurement and Vendor Management Course

By: Tom Associates Training  

Lagos State, Nigeria

12 - 16 Sep, 2022  5 days

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NGN 195,000

Venue: 5/7, Alade Lawal Street, Opposite Anthony Police Station, Idi-iroko Bus-Stop, Ikorodu Road, Anthony Village - Lagos, Nigeria

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.
5/7, Alade Lawal Street, Opposite Anthony Police Station, Idi-iroko Bus-Stop, Ikorodu Road, Anthony Village - Lagos, Nigeria Sep 12 - 16 Sep, 2022

Registration: 09:00:am - 03:30:am

NGN 195,000.00(VAT Inclusive)
(Convert Currency)

Tolu Jegede 08178591654

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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