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Procurement & Vendor Management

Procurement costs in organizations be it as direct/indirect purchasing or most recently outsourcing constitute b/w 45-75% of most companies’ annual operating cost .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 and presents best-in-class practice.

This course provides participants with the necessary knowledge and skills to effectively and efficiently manage company and project procurement functions.

Target Audience

  • Finance Department Staff
  • Legal Department Staff
  • Mid- Senior Executive Management Staff
  • Production Department Staff
  • Sales and Marketing Department
  • Logistics Managers
  • Facilities Managers
  • Procurement & Contract Managers

Day 1

1
Understanding the impact of industry and market analysis on the procurement
2
How to set-up or optimize existing procurement systems, processes, policies and structures
3
Procurement Department Human Resource(Competency/capacity/composition)
4
Core Procurement principles /Ethics
5
The procurement/sourcing cycle
6
Buying through the LOWEST Total Cost of Ownership Approach
7
Fundamentals of strategic sourcing- low cost country sourcing, modeling of suppliers relevance/ selection. The how and why? What are the drivers of various strategies

Day 2

1
Procurement
2
Logistics network design and optimisation
3
Role of warehousing
4
Supply Chain Performance Measurement

Day 3

1
Supplier Base Selection-Why and How?/Supplier Appraisal
2
Types of sourcing and application-single sourcing/delegated sourcing/multiple sourcing
3
Global Sourcing: multinational sourcing strategies and application
4
Managing procurement information management system
5
Case Studies

Check and Dowload our Calendar for the Next Training Schedule for this course

https://lssbiadvisory.com/2020/03/03/lssbi-february-june-2020-open-classes/

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Enrolled: 25 students
Duration: 3 days (Apr 28-30; June 28-30)
Lectures: 16

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