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Training course overview
Do you feel that your department is reactive to the changing needs of your organisation, slow to change and not fully integrated with the needs of stakeholders?
As a critical business function, procurement has the ability to influence profitability when it is operating at a strategic level. Developing appropriate sourcing strategies, improving the skills of resources and adopting technological solutions can provide a competitive edge to many businesses today.
Strategic procurement is a complex organisation wide process which must deal with rapid changes in technology and global trading conditions while focusing on driving lower costs, innovation and added value. This Coventry Academy online training course will walk you through the key steps to develop fit for purpose strategies for the acquisition of ideas, goods and services.
What are the goals?
By attending this Coventry Academy online training course delegates will be able to:
- Set Strategies for World Class Procurement
- Evaluate Procurement Performance
- Learn Value for Money Techniques
- Improve the Image of the Procurement Organisation
Who is this training course for?
This Coventry Academy online training course is suitable for a wide range of professionals, but will greatly benefit:
- Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
- All Others Who are Involved in the Planning, Evaluation, Preparation and Management of Purchasing and Contracts that Cover the Acquisition of Materials, Parts, Equipment, and Services, and Who Are in Organizations Whose Leadership Want High Levels of Excellence in Those Involved in These Activities
Course Outline
Day One: Steps to Becoming World Class
- What World Class Procurement Departments do differently
- Category Management & Strategic Sourcing
- The Kraljic Matrix
- Winning Procurement Competencies
- Build a Solid Business Case
Day Two: Evaluating Your Own Operation
- Procurement Gap & Benchmarking Analysis
- Spend & Opportunity Analysis
- Developing the Procurement Department Strategic Plan
- Developing Key Performance Indicators (KPI) For Procurement
- Material Chain Management
Day Three: Continuous Improvement Roadmap
- Key Enablers of Procurement
- Agile Procurement
- Supplier Pricing and Managing Price
- Cost Reduction Strategies
- Digitalisation
Day Four: Supplier Management Approaches
- Supplier Classification System
- Supplier Qualification Methods
- Supplier Performance Metrics
- Managing Procurement Risks
- Contract Management
Day Five: Improving the Image of Procurement
- Global Sourcing
- Market Intelligence
- Stakeholder Management
- Ethics & Corporate Social Responsibility
- Keeping Current in the profession
The certificate
*Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course