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FUNDAMENTALS OF BEST-PRACTICE & COST-EFFECTIVE PROCUREMENT MANAGEMENT

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FUNDAMENTALS OF BEST-PRACTICE & COST-EFFECTIVE PROCUREMENT MANAGEMENT

Start
22/01/2020 10:00 AM
End
24/01/2020 4:00 AM
Phone
07034854045

115,000.00

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.

Total: 115000.00

Status

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