Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Virtual Training on Intermediate Course on Procurement and Vendor Management

By: Tom Associates Training  

Lagos State, Nigeria

09 - 13 Nov, 2020  5 days

Follow Event   


NGN 140,000

Venue: Online

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 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

  • 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 and Procurement Analysis.

Note: Available as Classroom Training as Well as Online Training

Online Nov 09 - 13 Nov, 2020

Registration: 09:00:am - 02:30:am

NGN 140,000.00(VAT Exclusive)
(Convert Currency)

MR ABIODUN TOKI 08033019120

Related Courses

Virtual Training on Call Centre Training Virtual Training on Call Centre Training

3 days, 27 - 29 Oct, 2021 

2021-10-27 12:10:00 2021-10-27 12:10:00
Lagos State, Nigeria

Tom Associates Training

We provide the foundation for quality customer service and focuses on building life-long customer relationship strategies. Course Contents Day One Introduction to Customer Service What Is Customer ...

Strategic Managerial Accounting: Cost Behavoiur, System and Analysis Course Strategic Managerial Accounting: Cost Behavoiur, System and Analysis Course

4 days, 15 - 18 Jun, 2021 

2021-06-15 12:06:00 2021-06-15 12:06:00
Lagos State, Nigeria

Tom Associates Training

This course presents how Strategic Managerial Accounting primarily links the goals of the organization with its analysis of cost accounting as well as its management information systems. But beyond ...

Virtual Training on Finance for Non-Financial Managers Virtual Training on Finance for Non-Financial Managers

5 days, 20 - 24 Sep, 2021 

2021-09-20 12:09:00 2021-09-20 12:09:00
Lagos State, Nigeria

Tom Associates Training

Exposure of managers to important financial concepts in day-to-day business transactions. It will help them take better decisions on the basis of financial implications on the business. It will also ...

Customer Care Essentials Course Customer Care Essentials Course

3 days, 16 - 18 Jun, 2021 

2021-06-16 12:06:00 2021-06-16 12:06:00
Lagos State, Nigeria

Tom Associates Training

Programme Description   The programme focuses on the organisation’s employees attaining: • excellent responsiveness in serving customers • good service ethics • creativity ...