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PRODID:-//McTimothy Associates
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X-WR-CALNAME:McTimothy Associates
X-ORIGINAL-URL:https://www.mctimothyassociates.com/product/fundamentals-of-best-practice-cost-effective-procurement-management-2/
X-WR-CALDESC:FUNDAMENTALS OF BEST-PRACTICE AND COST-EFFECTIVE PROCUREMENT MANAGEMENT
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DTSTART;TZID=Europe/Paris:20240118T100000
DTEND;TZID=Europe/Paris:20240120T040000
SUMMARY:FUNDAMENTALS OF BEST-PRACTICE AND COST-EFFECTIVE PROCUREMENT MANAGEMENT
DESCRIPTION:COURSE COVERAGE 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 – 4:00pm each day including Breakfast and Lunch time Customize Your Training This training is currently available as residential/in-house option. If you prefer us to customize or have this training in-house at your location, kindly send your request via e-mail to:training@mctimothyassociates.com Please Note McTimothy Associates Reserves the right to postpone or cancel a course due to unforeseen circumstances beyond our control. In such cases delegate(s) will be registered for the next run of the Course.
URL:https://www.mctimothyassociates.com/product/fundamentals-of-best-practice-cost-effective-procurement-management-2/
LOCATION:The professional Place, 12B Olumoroti Street Gbagada Phrase 2, Gbagada Lagos
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