Procurement Best Practices

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Procurement Best Practices

Created
Wednesday, 27 September 2017
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Super User
Last modified
Monday, 10 February 2020
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200 Procurement Best Practices

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Categories
Procurement & logistics

Introduction

The Procurement function has developed from a simple administrative function to a fully fledged strategic business unit. No longer is it sufficient to simply turn requisitions into orders and then await the delivery of the goods or services. It therefore imperative for Procurement to constantly deliver value to the organisation by delivering products and services that contributes to the well-being of the organisation.

In order to do this, Best Practices have to be implemented on four levels:

Strategic
Tactical
Operational
Contingency

This training seminar will address the necessary conditions at all four levels for those delegates who want to implement high-performing Procurement functions.

Objectives

Participants attending the training seminar will:

Understand the evolution in Procurement
Discuss the inputs, outputs and processes of the system
Develop meaningful performance measurements
Learn the necessary conditions to be taken on all four levels

Who Should Attend?

Contracts, Purchasing, and Procurement personnel
Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts
All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

Training Methodology

Participants will increase competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, review published articles, and group discussions covering current practices and their relationship to the implementation of new concepts.

Outline

DAY 1

Seeing Procurement as a Dynamic, Interactive System

The System Approach vs. the traditional Functional Approach
What is the goal of Procurement?
Developing the Strategic Procurement Plan
An overview of the procurement process
Procurement as part of the Supply Chain

DAY 2

Developing the Strategic Procurement Decisions

Make/buy decision
Vertical integration
Alliances and partnerships
Inter-company trade
Reciprocity and counter trade
Supplier strategy
The coordination strategy
The Purchasing organisation

DAY 3

Implementing the Tactical Procurement Decisions

Supplier involvement
Value analysis
Quality Assurance
Supplier selection
Supplier rating and ranking
Contract management
IT systems and e-Procurement
Policies and procedures
Staffing the Procurement Department

DAY 4

Dealing with Operational Procurement Decisions

Selecting the most appropriate ordering process
Addressing quality issues
Follow up
Overdue orders
Expediting
The payment process
Reducing the cost of procurement: small value purchase orders

DAY 5

Contingency Procurement Decisions

The different contingency situations
Contingency management

Procurement Performance Measurement

Spend analysis
Total cost of ownership
Supplier performance measurement

Certificates

A Certificate of Completion will be issued to those who attend & successfully complete the programme.

Schedule

08:30 – 10:15 First Session

10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

14:00 – 15:00 Lunch

Fees

The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: