“Purchasing has, according to the trends, become more strategically important for companies. The importance of suppliers and purchasing/sourcing increased significantly during the 1990s and was acknowledged by executive managers by the end of the decade.” (Trent, et al., 1998).
Sourcing the right suppliers can be a complex process. This Course presents ‘research-based’ logistics and sourcing principles. Leaders will be equipped to identify the best choices for hiring suppliers and service providers in the most practical, cost-effective way.
This Course will provide you with:
- The tools for strategic procurement planning
- Bid development processes
- The ability to understand legal structures
- The essentials for project cost estimations
- The different methods for sourcing suppliers or services
- The tools to analyze and select the best type of sourcing method
- Proposal, quotation and tender request methods, including e-procurement
- The knowledge and ability to use a variety of strategic procurement means and methods
- Risk analysis and submission evaluation techniques
- The skills to calculate the total cost of procurement
- Methods of designing contractual terms and conditions
Who Should Attend
This valuable Course will benefit procurement and non-procurement professionals alike. Any person involved in the planning, creation, issue, receipt or evaluation of procurement functions, or who source goods, materials and services will find this program profitable. These include logistics and supply chain managers, procurement committee members and project managers.
- Critical Supply Strategies
- What is Supply Chain and Procurement
- Stakeholder Analysis
- Cost Analysis
- Supply Market Analysis
- Sourcing Types
- Selecting the right sourcing strategy
- Developing Tender Evaluation Criteria • Shrinking the Supply Base
- The Negotiation Process
- Communication Techniques
- Price and Cost Differences
- Negotiating Long Term Benefits
- Advanced Purchased Price Cost Analysis
- Key Performance Indicators
- Supplier Relationship Management
- Risk Management
Fees for this training course includes:
Course Fee does not cover
What Participants Receive?
If you require support in managing your trip to the course destination, we can provide you with information or arrangement. Travel management will be done by third party service providers and any discount will not apply on travel expenses.