UNDERSTANDING THE PROCUREMENT MANAGEMENT PRINCIPLES

Content

 

The Role of Procurement in the Value Chain

  • Importance of Procurement to Business
  • Classification of Purchasing Goods and Services
  • New Developments in Procurements
  • E-Procurement

The Purchasing Management Process

  • Importance of Purchasing
  • Primary Tasks and Responsibilities
  • Delivering Value for Money
  • Purchasing and Supply Management
  • Supporting the Internal Client

Procurement Risk

  • Why Risk Management in Procurement
  • Typical Supply Chain Risks
  • Methods of Managing Procurement Risk
  • The Role for Contracts as a Risk Management Tool

Decision-Making in Procurement

  • Creating the Statement of Requirement
  • Supplier Sourcing
  • Supplier Evaluation and Award
  • Negotiation Skills

 

 

Logistics and Supply Chain Management

  • Materials Requirements Planning
  • Basic Logistics Structure
  • Just-In-Times Management
  • Elements of the Procurement Information Systems
  • Coordination Problems between Procurement and Logistics

Forecasting and Demand Planning

  • Principles of Demand Planning
  • Quantitative Forecasting Techniques
  • The Soft Side of Forecasting
  • Performance Measures and Targets

FOR WHOM: Buyers, Purchasing Managers, Procurement Managers, Production Managers, Stores Managers, Decision Makers, Operations Managers, Supervisors, Inventory Planning Managers, CFO, Directors, Accountants, Auditors, Finance Managers, Management Accountants, Financial Analysts, Staff and others who are involved in procurement management.

 

DATE:         1st – 3rd June, 2022

23rd – 25th November, 2022

 

Objective

Planning is both the most critical and the most challenging phase of any procurement operation. When it comes to bid management, a sound procurement plan will help balance the often conflicting goals of generating savings and satisfying internal customers. In this workshop, we provide a thorough explanation of how to approach the planning of procurement objectives and initiatives. By attending this workshop, participants will understand:

  • The role and importance of the procurement function in the value chain
  • The methods and techniques of procurement performance measurement
  • Write strategic procurement objectives and structure of the procurement function

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