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A highly interactive training course on

Category Management in Procurement

Maximising Value from Procurement & the Supply Chain
Coventry Academy - Category Management in Procurement
5
Days

Course Schedules

 London
 20-24 May 2024
 $5,950
 Dubai
 09-13 Sep 2024
 $5,950
 Istanbul
 20-24 Jan 2025
 $5,950

Training course overview

This course introduces the new approach that maximises value from procurement by combining traditional techniques, with newer tools, techniques and approaches. This course will provide you an understanding of the Category Management methodology with the necessary working knowledge of how this approach can be used in World Class companies.

Category management was first used in the retail industry to management inventory based on profitability and customer segmentation. Now in the other industries, category management is valued as a tool to organise and effectively manage suppliers and the products through application of different principles in the acquisition of inventory.

This course will feature:

  • The understanding of Procurement, Purchasing and Buying operations
  • What drives an organisation in understanding how to categorise supplier & their products
  • How to use selective inventory management to determine the appropriate category listing
  • Understanding supplier’s involvement in managing categories in Procurement
  • Evaluating the procurement, purchasing processes and understand total cost of ownership

What are the goals?

By the end of this course, participants will be able to:

  • Apply a thorough understanding of category management in procurement.
  • Identify, analyse and evaluate procurement opportunities.
  • Understand the keys aspects in category management.
  • Use tools and techniques to improve organisation’s competitiveness.
  • Apply the knowledge in procurement and supply chain in organisational improvements.

Who is this training course for?

This course is suitable to a wide range of professionals but will greatly benefit:

  • Procurement, buyers and purchasing professionals
  • Those who need to maximise value from procurement and the supply chain
  • Those who need an understanding of the relationships between risk, cost and service in supply chains

How will this training course be presented?

This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The course is highly interactive and will prompt delegates to reflect on current practices and on their team goals. The tutor will guide and facilitate learning using a wide variety of methods including direct input, discussions, and case studies.

Course Outline

Day One: Understanding Procurement and Category Management
  • Definition and understanding Procurement and purchasing
  • Definition of Category Management
  • The evolution of Category Management
  • Models used in Category Grouping
  • The aspects to be considered in category groups
  • Managing Selective Inventory Control
Day Two: Maximising Value and Procurement Excellence using Varied Routes
  • The Procurement Excellence Roadmap (PER)
  • The importance of Category Management in Procurement
  • Value improvement using category management
  • Value Adding from Categorization
  • Class Exercise on Category Management in Procurement
Day Three:  Understanding the Supplier Sourcing and Selection Routes
  • Traditional purchasing revisited
  • Value and risk analysis
  • The model in identifying inventory classification
  • Best price evaluation
  • Understanding collaborative supplier management
  • Supplier Portfolio Analysis (SPfA)
Day Four:  Recognising and Overcoming the Barriers to Category Management
  • Common barriers and challenges
  • Overcoming such barriers
  • Best Practice in the implementation of new ideas
  • Managing price sensitive products
  • Economic Order Quantity
  • Criticality Analysis
  • Class work on Selective Inventory Control (SIC)
Day Five: Category Management and Rethinking the Supply Chain
  • Supply chain futures, predictions and what needs to be done
  • The improvements for re-engineering end to end supply chains
  • Supply chain excellence and shareholder value
  • The steps to supply chain excellence
  • Developing the supply chain strategy
  • Supply chain strategy best practice

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course.
  • The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Attendance

Coventry Academy
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