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A highly interactive training course on
Procurement in the Post Crisis Environment
Training course overview
This Procurement in the Post-Crisis Environment training course is designed to address the critical challenges facing procurement and supply chain management in the aftermath of significant global disruptions such as the COVID-19 pandemic. The course emphasizes the imperative of managing risk effectively with suppliers amidst unprecedented disruptions to global supply chains. It will equip participants with strategies to develop resilient supplier relationships, ensuring continuity and reliability in the upstream supply chain.
Key topics covered include continuous improvement strategies tailored for procurement operations, emphasizing adaptability and agility in response to dynamic market conditions. Participants will also learn essential techniques for managing contracts in a volatile environment, fostering collaboration and innovation in procurement practices. This Coventry Academy training course aims to empower procurement professionals with the knowledge and tools needed to navigate and thrive in a post-crisis environment, ensuring sustained operational excellence and strategic resilience in procurement management.
This Coventry Academy training course will feature:
- Managing Risk with Suppliers
- Developing Resilient Supplier Relationships
- Continuous Improvement
- The Upstream Supply Chain
- Managing the Contract
What are the goals?
By the end of this Coventry Academy training course, delegates will be able to:
- Understand how the procurement function has changed as a result of ongoing Supply Chain Disruptions
- Know how to identify the changes required
- Understand how to improve collaboration with customers and suppliers
- Illustrate the importance of supplier risk management
- Know how to change supplier relationships
- Develop resilience in the organisation’s supply chain
Who is this training course for?
This Coventry Academy training course is suitable to a wide range of professionals, but will greatly benefit:
- Supply Chain Managers needing to understand the implications of the virus on the supply chain
- Purchasing and Procurement personnel who are looking for skills in revised concepts of procurement
- All involved in the acquisition of materials, equipment and services, and who are in organisations whose leadership want high levels of competency in those involved in these activities
Course Outline
Day One: Understanding Procurement in the New Normal
- How the world changed due to the Pandemic, The Demand spike and ongoing supply chain disruptions
- What is the purpose of a business?
- Dealing with the Problem of being a “go between”
- Purchasing Process and Cycle of Procurement
- Positioning Purchasing within the Company
- The Global Supply Chain
Day Two: Selecting the Right Supplier & Evaluating Performance
- Analysing Value
- Conditioning the Supplier to Meet Your Requirement
- Life Cycle Costing
- The Total Cost Approach to Purchasing
- Using Price Indices
- Performance Evaluation
Day Three: A New Paradigm for Outsourcing
- Is your relationship transactional or outcome-based?
- Defining desired outcomes that are measurable
- Developing an effective outsourcing contract
- Designing a resilient supply chain
- Evaluating cost/service trade-offs
Day Four: Identifying Procurement Instabilities and Risks
- Internal supply chain risks
- PESTLE and external risks
- Risk management principles
- Evaluation and prioritisation of risks
- Contingency and risk management planning
- How The Supply Chain Crises changed our practices regarding Risk
Day Five: Rethinking Procurement and Improving your Results
- Rationale and approach to performance management including Lean
- Identifying, defining, and tracking your metrics
- Incentives and continuous improvement
- Re-engineering supply chains end to end to become resilient
- Organisation development
The certificate
- Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course
Related Courses
Category Management in Procurement
20-24 Jan 2025
Istanbul ($5,950)