Procurement and Managing Suppliers Courses - LONDON CORPORATE TRAINING

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Business Development Director
Insignia, UK

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Procurement and Managing Suppliers

Course Ref: OP.2A

Course Subject: Operations Management

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Dates for This Course

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
  • Project managers involved in plant and equipment development projects
  • Technical personnel involved in performance specification of plant and equipment
  • Engineering planners working with complex maintenance material requirements
  • Quality managers seeking to understand how suppliers are selected

Learning objectives

  • To set up and manage a procurement activity
  • To select suppliers using appropriate evaluation methods and criteria
  • To measure supplier performance
  • To identify ways to increase procurement effectiveness and efficiency
  • To work with user departments to improve procurement within the organisation
  • To manage supply-side risk using contractual methods

Course content

Role of the Procurement Function

  • Key responsibilities
  • Supporting operational requirements
  • Managing supplier relationships
  • Supporting strategic goals
  • Detecting and preventing fraud

Managing the Purchasing Process

  • Making the case to purchase
  • Deciding the procurement strategy
  • Advertising the contract
  • Generating interest
  • Running the competitive cycle
  • From ITT to contract award and beyond

Managing Tender Requests and responses

  • Capturing user requirements
  • Documenting the scope of work
  • Output based specifications
  • Evaluating tender responses
  • Further competitive activity

The Supplier Perspective on Bidding

  • Researching the client
  • Understanding client requirements
  • Identifying competitive advantage
  • Qualification of opportunities
  • Ethical supplier behaviour

Creating Appropriate Contract Documentation

  • Principles of contract law
  • Drafting your terms and conditions
  • Using contract templates
  • Managing risk through the contract
  • Contract case studies

ILM This course is accredited by the Institute of Supply Chain Management (IOSCM)