Supply Chain & Operations

SOP 4 Procurement and Managing Suppliers – Level 2

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

LISD Workshop Special 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 VenueFull 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxesCredit/Debit Card
University of Oxford, U.KGBP 1350Register NowRegister Now
University of Cambridge, U.KGBP 1350Register NowRegister Now
King’s College London, U.K (University of London)GBP 1350Register NowRegister Now
University of Edinburgh, U.KGBP 1350Register NowRegister Now
London Institute of SD – Learning CenterGBP 1145Register NowRegister Now
Baku, AzerbaijanGBP
Istanbul, TurkeyGBP