The Last Three years have seen unprecedented. Disruptions to global supply chains. The global pandemic with shutdowns around the world, the huge spike in demand emerging from lockdown, droughts, fires, famines and even plagues of rodents in Australia alongside the military situation in Ukraine and disruptions to energy markets.
Procurement is so important to organisations, and it has been severely impacted by these disruptions putting procurement into the forefront in organisations. We have to grasp the opportunity, making the most of it ensuring there is a sustainable legacy from it. We know the importance of procurement and supply chain, but it is not always recognised throughout the rest of the organisation.
The success of organisation not only depends on what we do, but also how we manage our suppliers and contractors. Excellent Purchasing Management is a prerequisite in this dynamic environment. In the long term, the pandemic has illustrated the importance of good procurement and commercial teams. In these changing times we need to rigorous with how we operate with better supplier relations including a new era of collaboration in procurement. The coronavirus outbreak has l fundamentally change the way we do business in procurement management. A more cooperative environment for procurement and supply chain professionals may well be one of the long-term key impacts of Covid-19 and other supply chain crises.
This Procurement in the Post Crisis Environment training course addresses these issues in order to continuously improve our procurement operations. In the face of a major global crisis such as the spread of coronavirus, now is the time to step rethink how to protect supply chains as much as possible from the adverse impacts.
This Coventry Academy training course will feature:
Managing Risk with Suppliers
Developing Resilient Supplier Relationships
Continuous improvement
The upstream supply chain
Managing the contact
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