Name: Procurement Best Practices: Strategic Cost and Value Management in Procurement Training Course
Rating: 4.7 (1076 reviews)

Why Choose this Training Course?

The Procurement function has developed from a simple administrative function to a fully fledged strategic business unit. No longer is it sufficient to simply turn requisitions into orders and then await the delivery of the goods or services. It is therefore imperative for Procurement to constantly deliver value to the organisation by delivering products and services that contributes to the well-being of the organisation.

In order to do this, best practices have to be implemented on four levels:

Strategic
Tactical
Operational
Contingency

This PetroKnowledge Procurement Best Practices training course will address the necessary conditions at all four levels for those delegates who want to implement high-performing Procurement functions.

What are the Goals?

Participants attending this Procurement Best Practices training course will:

Understand the evolution in Procurement
Discuss the inputs, outputs and processes of the system
Develop meaningful performance measurements
Learn the necessary conditions to be taken on all four levels

Who is this Training Course for?

Contracts, Purchasing, and Procurement Personnel
Project, Engineering, Operational, and Maintenance, Personnel who are involved in the planning, and execution of purchases and contracts
All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

How will this Training Course be Presented?

Participants will increase competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, review published articles, and group discussions covering current practices and their relationship to the implementation of new concepts.

Organisational Impact

The organisation will benefit by:

The ability to deliver real value in a shorter time
Reduce the number of non-value adding activities
Improved relations between personnel, customers and suppliers
Reduction in total cost of ownership
Improved supplier performance

Personal Impact

Attendees will gain by participating in this training course as a result of:

Increased skill sets in all phases of strategic procurement
Greater ability to lead, plan, and manage the procurement process
A greater sense of professionalism and being able to contribute to the organisation's strategic objectives
Increased Knowledge about Key Performance Indicators
Increased recognition by the organization due to improved performance

Daily Agenda

Day 1: Seeing Procurement as a Dynamic, Interactive System

The System Approach vs. the Traditional Functional Approach
What is the goal of Procurement?
Developing the Strategic Procurement Plan
An Overview of the Procurement Process
Procurement as Part of the Supply Chain

Day 2: Developing the Strategic Procurement Decisions

Make / Buy Decision
Vertical Integration
Alliances and Partnerships
Inter-company Trade
Reciprocity and Counter Trade
Supplier Strategy
The Coordination Strategy
The Purchasing Organisation

Day 3: Implementing the Tactical Procurement Decisions

Supplier Involvement
Value Analysis
Quality Assurance
Supplier Selection
Supplier Rating and Ranking
Contract Management
IT Systems and e-Procurement
Policies and Procedures
Staffing the Procurement Department

Day 4: Dealing with Operational Procurement Decisions

Selecting the most Appropriate Ordering Process
Addressing Quality Issues
Follow-up
Overdue Orders
Expediting
The Payment Process
Reducing the Cost of Procurement: Small Value Purchase Orders

Day 5: Contingency Procurement Decisions

The Different Contingency Situations
Contingency Management

Procurement Performance Measurement

Spend Analysis
Total Cost of Ownership
Supplier Performance Measurement

Certificate

On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

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Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

Related Categories

Procurement & Supply Chain

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Procurement Best Practices:Strategic Cost and Value Management in Procurement