Supply Chain & Operations

SOP 3 Procurement and Managing Suppliers – Level 1

Implement a professional procurement process and build good relationships with suppliers


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
Course Code:SOP 3
Subject:Procurement & Managing Suppliers
Course Fee:£345
Duration:2 Days

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