Refine competitive tendering, risk management and supplier selection procedures to get 'best value'
Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

Who should attend?
- Purchasing executives, senior managers, and professional staff from supply chain management, logistics and inventory planning and control
- General managers wanting to understand the procurement function
- Those engaged in the management or operation of projects
- Those responsible for developing, managing or working with budget/cost constraints
- Those with an interest in strategic planning and costs management
- Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services
Course Code: | SOP 2B |
Subject: | Procurement & managing Suppliers Level 2 |
Course Fee: | £595 |
Duration: | 3 Days |
Venue: | London School of Economics UK |
Learning Objectives
By the end of the course delegates will be able to:
- Set up and manage procurement activity
- Select suppliers using appropriate evaluation methods and criteria
- Measure supplier performance
- Identify ways to increase procurement effectiveness and efficiency
- Develop a strategy for sourcing that achieves tangible benefits
- Review critical supply strategies
- Implement the strategic sourcing strategy to maximise total cost savings
- Assess and prioritise opportunities for savings
Course Content
Overview of the Procurement Cycle
- The principles of procurement
- The procurement process
- Compiling the Approved Supplier List
- Supplier Relationship Management (SRM)
- Monitoring and Managing Supplier Contracts
Definition and Development of a Sourcing Strategy
- Understanding the concept of strategic sourcing
- Differences between sourcing and strategic sourcing
- The seven stages of a competitive sourcing strategy
- The value and benefits of strategic sourcing
- Performing a strategic sourcing gap analysis
Measuring Schedule, Costs and Earned Value Management
- Scheduling tools and techniques
- Validating the schedule
- Managing change within the project
- The importance of a good cost/schedule baseline to measure performance against
- The tools and techniques for using Earned Value Management
The Strategic Sourcing Process
- Working to the seven phases
- Generate the supplier portfolio
- Determine the implementation path
- Selection of strategic suppliers
- Integration of the strategic suppliers
Strategic Cost Management
- Principle of cost management in procurement
- Whole life costing
- Total cost of ownership
- Target costing and analysing prices
- Should cost analysis
Identifying and Managing Risks
- Determination of the risk involved in the global supply chain
- Practical risk identification and assessment
- Proactive risk management
- Effective risk migration strategies
- Dealing with challenging situations in the supply chain
GROUP Package Highlights:
(prices applicable to a group of minimum 8 persons)
*Maximum 15 persons will be enrolled in each workshop
- 4 Days + 3 Nights Programme
- Programme Registration with the invoice
- 2 Scientific Knowledge-sharing sessions
- Certificate of Participation signed by the authorities
- 3 Night-accommodation in B&B (Double accommodation)
- 2 Networking Dinners
- 3 Lunches
- 3 Networking Tea/Coffee
- Airport Group-Pick & Drop Service
- City Crawl
- Group Excursion- Famous Tourist Attractions
Generic Schedule:
4 Days/ 3 Nights Programme
Day 1:
Hotel Group Pick-up Service from the nearest Airport to the Bed & Breakfast (Hotel)
Check-in: (between 2:00-4:00 pm)
City Crawl includes Takeaway Lunch and Coffee
(1st Night)
Day 2:
Interactive Learning Sessions: 9:00 am – 4:00 pm
Includes 2 Tea Breaks + Lunch
7:30 pm Networking Dinner
(2nd Night)
Day 3:
Interactive Learning Session/ Award Ceremony: 9:00 am- 1:00pm
Includes 1 Tea + Lunch
Excursion: 2:00-7:00 pm
Networking Dinner: 7:30 pm
(3rd Night)
Day 4:
Hotel Check-out at 10:00 a.m
Luggage can be Deposited in the Hotel
Free to Shop and Roam (independently)
Back to the Hotel at least 3.5 hours before the flight
Group Drop-off to the Airport
Register Per Person
Workshop Venue | Full 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxes | ![]() |
Credit/Debit Card |
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University of Oxford, U.K | GBP 1350 | Register Now | Register Now |
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University of Edinburgh, U.K | GBP 1350 | Register Now | Register Now |
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