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Procurement and Managing Suppliers – Level 2

Course Information:

Online 12 hours Flexi-date£1,750.00
In-House Agreed with client FlexiblePOA
London 5 days 10-Jan£3,500.00
London 5 days 09-May£3,500.00
London 5 days 12-Sept£3,500.00


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    LCT 2022 Brochure
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    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



    • 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


    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

    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

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