FUNDAMENTALS OF BEST-PRACTICE & COST-EFFECTIVE PROCUREMENT MANAGEMENT

110,000.00

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Start
January 18, 2018 10:00 am
End
January 20, 2018 4:00 am
Address
McTimothy Associates, Lagos, Nigeria   View map
Phone
+2347034854045 , 08058805333

Course Introduction

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, modeling of suppliers 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

Key Sectors

Manufacturing/ Industrial, Oil & Gas,Construction/ Engineering,Financial,Pharmaceuticals etc

Duration: 3 days

Class Session : 10:00am – 3:30pm each day including Breakfast and Lunch time

Customize Your Training

This training solution and other training topics from McTimothyAssociates are currently available as residential/in-house option.

FUNDAMENTALS OF BEST-PRACTICE & COST-EFFECTIVE PROCUREMENT MANAGEMENT

110,000.00