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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