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Procurement and Managing Suppliers – Level 1

Course Information:

Venue:Duration:Date:Price:
Online 12 hours Flexi-date£1,750.00
In-House Agreed with client FlexiblePOA
London 5 days 03-Jan£3,500.00
London 5 days 02-May£3,500.00
London 5 days 05-Sept£3,500.00

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    Who should attend?

    • Purchasing executives 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
    • Engineering planners working with complex maintenance material requirements
    • Quality managers seeking to understand how suppliers are selected

    Accreditations

    Outcomes

    • 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 TOPICS:

    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





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