Best Practices for Procurement and Contract Management
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Best Practices for Procurement and Contract Management Course
Introduction:
In today's business landscape, organizations are increasingly focused on developing and executing well-designed strategies for procuring materials, goods, equipment, and services. This emphasis is driven by the desire to reduce operating costs while simultaneously improving quality and productivity. This program delves into the fundamental concepts that underpin strategic procurement and supply chain management, addressing the pressing issues faced by organizations today.
This dynamic program is designed for individuals seeking to cultivate high-performance purchasing and supply chain organizations. Through this course, participants will:
1. Gain a comprehensive understanding of best practices in the field.
2. Establish the mission, vision, and knowledge necessary for successful implementation of processes and methods that drive world-class performance.
3. Obtain an overview of the key drivers involved in supply chain management from a logistics and demand perspective.
4. Develop a fundamental understanding of procurement and supply chain management, equipping delegates with the tools to effectively control time and the movement of goods and materials to customers and users.
5. Acquire practical skills that can be applied in the workplace, enabling participants to improve existing methods and enhance collaboration with all stakeholders in the supply chain.
6. Apply the 8 Rules for Effective Supply Chain Management in practical ways, facilitating the implementation of successful strategies.
Course Objectives:
Participants attending the program will:
- Review the meaning of strategic procurement
- Be given examples of best practices in procurement
- Review how to obtain the best pricing
- Be taught how to develop spend analysis
- Work with all of the supply chain players pays
- Consider Key Performance Indicators (KPI)
Who Should Attend?
- Contracts, Purchasing, and Procurement personnel
- Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts
- Supply, Buying, Purchase, Logistics, Materials and Supply Chain Professionals
- All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities
- Those who need to develop their limited understanding of Logistics and Supply Chain Management
- Those who are looking for business gains and benefits from managing their supply chains more effectively
Course Outlines:
It Is Time for Procurement to Become Strategic
- Defining Supply Management
- Strategic Sourcing
- New Job Descriptions For Purchasing
- Identifying Competencies And Weaknesses
- Benchmarks For Purchasing
- Reengineering And Restructuring Organizations
Developing the Procurement Vision & Mission
- Developing The Strategic Plan
- Supplier Classification Systems
- Supplier Qualification Methods
- Developing Quantitative Evaluations
- Supply Chain Management
- Defining Strategic Supplier Alliances
- The Strategic Alliance Process
The Steps to Strategic Procurement
- Developing Spend Analysis
- Excel Tools For Analysis
- Strategic Sourcing Software
- Methods of Commodity Coding
- Commodity Management
- Developing Key Performance Indicators (KPI) For Procurement
- Supplier Performance Metrics
The Demand for Continuous Improvement in Total Cost of Ownership
- Driving Down Prices Through Cost/Price Analysis
- Determining and Tracking Cost Drivers
- Cost Containment
- Supplier Collaboration Technologies
- The E-Reverse Auction-What Is The Future?
- Improving the Purchasing of Maintenance, Repair, Operating (MRO)
Improving the Image of Procurement
- Developing and Maintaining a Customer Focus
- Integrating Procurement with Other Functions
- Strategies for Identifying and Managing Supply Risk
- Exception Management
- Basic Issues In Corruption and Fraud Prevention
- Increasing The Level Of Procurement Professionalism
Understanding What Logistics and the Supply Chain Are About
- Definitions of logistics and Supply Chain management
- The interrelations and connections of Buying, Making, Moving, and Selling activities
- History and the development
- Understanding the Supply Chain dynamics
Models for Supply Chain Management
- Supply Chain Operations Reference Models (SCOR)
- The Theory of Constraints (TOC)
Key Aspects and Rules of Supply Chain Management
- The cost/service balance
- Customer service principles
- Lead times throughout the supply chain
- Adding value
- Production options/changes
- Trade off opportunities
The Benefits of Adopting a Supply Chain Approach
- Understanding the sub functional conflicts
- Benefits within and between functions
- Taking a supply chain view of total acquisition costs
- Accepting that competitive advantage comes from the Supply Chain