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Fundamentals of Best-Practice and Cost-Effective Procurement Management Course

By: McTimothy Associates Consulting LLC  

Lagos State, Nigeria

03 - 05 Aug, 2022  3 days

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NGN 115,000

Venue: The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos.

Procurement cost is forming a greater percentage of most companies’ annual operating course. Gradually the function has assumed a strategic position for long term business planning. Achieving evidenced cost savings/value for money and management of suppliers/vendors remain a huge challenge. This course addresses these challenges.

Key Coverage Areas

  • Core Principles Procurement/Procurement Ethics
  • Understanding procurement environment- SWOT, PESTEL, Porters value chain etc
  • Buying through the Total Cost of Ownership Approach
  • Fundamentals of strategic sourcing- low cost country sourcing, modelling of supplier’s relevance/ selection. The how and why? what are the drivers?
  • The procurement/sourcing cycle/process
  • The Make or Buy Decision Making (Outsourcing)
  • Types of Sourcing and application-single sourcing/delegated sourcing/multiple sourcing
  • Supplier Base Selection-Why and How?
  • Global Sourcing: multinational sourcing strategies and application
  • Benefits/Skills to Be Acquired
  • Procurement Process Design
  • ‘’Make’’ or ‘’buy’’ decision making
  • Cost/Benefit/Risk analysis in procurement decisions
  • Improved procurement Efficiency (savings/total spend ratio)
  • Reduced Total Acquisition Cost (TAC)
  • Enhanced value chain delivery capabilities
  • Understanding the relevance of the supplier or buyer’s industry/market analysis
  • Ability to mitigate risk factors in outsourcing
The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos. Aug 03 - 05 Aug, 2022
NGN 115,000.00
(Convert Currency)

Blessing Aguta 08058805333, 09080022449

5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants

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