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Training course overview
Every organization requires effective procurement to thrive. A proficient procurement team hinges on strong management and leadership. This Coventry Academy Online training course addresses prevalent gaps in procurement practices and provides strategies for leading continuous improvement to achieve strategic goals.
The course emphasizes proactive supply base management and the simultaneous delivery of cost reductions and value enhancements. It explores methods to foster creativity and flexibility, leveraging supply market knowledge to transform procurement into a core organizational competency. Practical action planning is integrated to facilitate immediate implementation in the workplace.
What are the goals?
By attending this Coventry Academy online training course you should achieve these goals:
- Learn How to Develop High Performance Purchasing Organizations
- Develop Strategic Purchasing Plans & Discuss How to Improve Internal Customer Service
- Appreciate and See the Analytics that Guide Procurement Strategies
- Explore Many Ways of Reporting Key Performance Indicators (KPIs)
- Understand the Most Important Competencies for Purchasing Personnel
Who is this training course for?
This Coventry Academy online training course is suitable to a wide range of professionals, but will greatly benefit:
- Procurement and Contracts Personnel
- Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
- Engineering, Facilities, Finance, and Maintenance Personnel
- Personnel Involved in the Planning and Management of Tender Process
- Leaders in the Acquisition of Materials, Equipment and Services
Course Outline
Day One: The 1st Steps to Becoming World Class
- Stages to World Class Purchasing
- How Purchasing is viewed today
- Strategic Sourcing
- Developing Spend Profiles and the ABC Analysis
- New Job Descriptions for Purchasing of the future
- Purchasing Personnel Required Skill Sets
Day Two: Evaluating Your Own Operation
- What are Best Practices
- Purchasing Gap Analysis
- Vision and Mission for Purchasing
- Developing the Purchasing Department Strategic Plan
- Developing Key Performance Indicators (KPIs) for Procurement
- Developing a Company Purchase Price Index
Day Three: Continuous Improvement and How to Get It
- Cost Reduction Initiatives
- Methods of Cost Containment
- Waste in the Supply Chain
- Breaking Down the Elements of Supplier Cost
- Commodity/Service Strategic Planning
- Resisting Price Increases
Day Four: Supplier Management Approaches
- Supplier Classification System
- Supplier Qualification Methods
- Supplier Performance Metrics
- Apply Performance criteria to Purchasing Decisions
- Process Mapping To Eliminate Low Value Activities
- Applying eProcurement business process
Day Five: Improving the Image of Procurement
- Global Sourcing
- International Labor Rates Comparison
- Developing and Maintaining a Customer Focus
- Basic Issues in Corruption And Fraud Prevention
- Increasing the Level of Procurement Professionalism
- Keeping Current in the profession
The certificate
- Coventry Academy e-Certificate of Attendance will be provided to delegates who attend and complete the course
Related Courses
Strategic Purchasing & Supply Management
24-28 Feb 2025
Online ($3,950)