Implement a professional procurement process and build good relationships with suppliers
Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME
Who should attend?
- Purchasing executives and professional staff from supply chain management, logistics and inventory planning and control
- Project managers involved in plant and equipment development projects
- Engineering planners working with complex maintenance material requirements
- Quality managers seeking to understand how suppliers are selected
- Students / Fresh graduates who want to pursue career in Operations Management and desire to acquire a promising position in a reputable Organization
Learning Objectives
By the end of the course delegates will be able to:
- Set up and manage a procurement activity
- Select suppliers using appropriate evaluation methods and criteria
- Measure supplier performance
- Identify ways to increase procurement effectiveness and efficiency
- Work with user departments to improve procurement within the organisation
- Manage supply-side risk using contractual methods
- Manage suppliers against contractual requirements
- Conduct supplier performance review meetings
Course Content
The Principles of Procurement
- Definition of procurement vs purchasing activities
- Defining the goals of procurement
- The role of procurement
- Supporting the business strategic objectives
- Formulating the procurement strategy
The Procurement Process
- Key roles and responsibilities
- Forming commodity teams
- Planning the procurement activities
- Development of the procurement policy
- Developing the supplier selection process
Compiling the Approved Supplier List
- Determination of the most appropriate suppliers
- Methods and techniques of inviting potential suppliers
- Developing the supplier questionnaire
- Supplier segmentation and grading Tier 1, 2 and 3 suppliers
- Developing supplier performance metrics
Supplier Relationship Management (SRM)
- Introduction to the principles of SRM
- The importance of the buyer/supplier relationship
- Developing the SRM strategy
- Collaboration and joint working
- Motivating suppliers and continuous improvement
Monitoring and Managing Supplier Contracts
- Managing the contract and setting expectations
- The importance of setting proper baselines
- Conducting supplier appraisals based on performance measures and metrics
- Dealing with underperforming suppliers
- Dealing with breaches and disputes