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:
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
A Coventry Academy e-Certificate will be provided to delegates who attend and complete the online training course