Advanced Strategic Procurement

Description

Overview

Starting out in procurement or refreshing your procurement skills after a break, means getting to grips with the "Essentials" of the topic. This course is ideal for that purpose. The course examines how corporate procurement takes place – usually on a competitive footing, but sometimes by placing direct orders with a supplier. The course will unpick the advantages and disadvantages of competitive procurement, and looks at who does what and when they do it. It will also walk through the key steps in the procurement process and examine examples of procurement documents, such as the Statement of Requirement (also known as the Scope of Work).

Procurement Excellence is more than just operating a process. Skills in managing colleagues, potential suppliers and higher management are all necessary. But perhaps the most important ingredient is exercising judgement. Procurement involves making decisions, and that can be difficult. A good procurement manager needs to be able to set aside personal preferences for particular suppliers and operate transparently but in such a way that the organization for whom he works makes the right choices. These choices are based on a proper definition of needs and an assessment of how those needs can be met and by whom. This course explores these issues comprehensively.

The management of the procurement function itself – as opposed to the management by procurement staff of contractors and suppliers – can make the difference between having a purely administrative, internal service provider team that operates in the background, or a strategically important function that can help shape the success of the enterprise. If the head of procurement is a mid-ranking manager he or she may not have the ear of the chief executive. But if the company has a Chief Procurement Officer in the "C Suite", working alongside his or her peers from Finance, Operations and Technology, then it's fair to assume procurement is seen as key to delivering the corporate strategy. This course looks at its aspects at its most influential and value-adding.

The course also includes site visits to organizations relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

What you will learn

Fundamentals of Procurement
- The role of the Procurement Function
- Material requirements planning
- Public procurement and private procurement compared

Global Procurement Processes
- Competitive and non-competitive purchasing
- Bids and Tenders documentation
- Managing an open and transparent process
- Avoiding mistakes that could cancel the procurement

Procurement Sourcing
- Writing the Statement of Requirement / Scope of Work
- Supplier Sourcing
- Working with approved suppliers
- Prequalification
- Highlights of tender evaluation

Site Visit
- Industrial visit to a relevant organization.
- An insight into the internal working of companies.
- An opportunity to learn through interaction with practising professionals.

Procurement's Support to the Organization
- The Interface between Supply Chain Management and Procurement
- Competitive procurement alternatives
- Defining business needs (Inputs, outputs and outcomes)

Evaluating Suppliers and their Bids
- Technical Evaluation of bids –
planning and implementation
- Commercial Evaluation of bids –
planning and implementation
- Sustainable Procurement

Negotiating the Best Deal
- Contract Negotiation tools and techniques
- Managing contract award
- Handling objections from losing bidders

Site Visit
- Industrial visit to a relevant organization.
- An insight into the internal working of companies.
- An opportunity to learn through interaction with practising professionals.

Procurement and Business Strategy
- The development path for procurement from transactional to value chain management
- Procurement Organization, structure and job functions

Managing Procurement Risk
- What risks should procurement be considering?
- A process to identify, analyse and respond to priority risks
- Important supply chain risks – case study
- How to manage risks that turn into reality

Procurement – Performance Measurement and Governance
- Benefits of measuring the performance of procurement
- Assessing Purchasing Effectiveness and Purchasing Efficiency
- KPIs for measuring performance
- Procurement Information systems

Course Review
- Summary and recap of key learning objectives
- Action Planning