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