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Virtual Training on Intermediate Course on Procurement and Vendor Management

By: Tom Associates Training  

Lagos State, Nigeria

09 - 13 Nov, 2020  5 days

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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

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