Best Practices for Procurement and Contract Management
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Best Practices for Procurement and Contract Management Course
Introduction:
The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipment, and services has become a critical issue in all organizations wishing to reduce operating costs while improving quality and productivity. This program explores key concepts forming the basis of strategic procurement and supply chain management and moves through leading-edge issues that confront organizations today. This fast-paced program is designed for those wanting to develop high-performance purchasing and supply chain organizations as we will in this course:
- Achieve a thorough understanding of what is the best practice.
- Establish the mission, vision, and knowledge needed to successfully implement the processes and methods needed to reach world-class performance.
- Provide an overview of the key drivers involved when viewing supply chains from a logistics/demand point of view.
- Explain what procurement and supply chain management are fundamentally about so that delegates are able to apply key techniques in controlling time and the movement of goods and materials to customers and users.
- Provide practical skills to take back to the workplace to enable delegates to change current methods and activities and work better with all supply chain players
- Use the 8 Rules for Effective Supply Chain Management and applied them in practical ways.
Course Objectives:
Participants attending the program will:
- Review the meaning of strategic procurement
- Be given examples of best practices in procurement
- Review how to obtain the best pricing
- Be taught how to develop spend analysis
- Work with all of the supply chain players pays
- Consider Key Performance Indicators (KPI)
Who Should Attend?
- Contracts, Purchasing, and Procurement personnel
- Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts
- Supply, Buying, Purchase, Logistics, Materials and Supply Chain Professionals
- All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership wants high levels of competency in those involved in these activities
- Those who need to develop their limited understanding of Logistics and Supply Chain Management
- Those who are looking for business gains and benefits from managing their supply chains more effectively
Course Outlines:
It Is Time for Procurement to Become Strategic
- Defining Supply Management
- Strategic Sourcing
- New Job Descriptions For Purchasing
- Identifying Competencies And Weaknesses
- Benchmarks For Purchasing
- Reengineering And Restructuring Organizations
Developing the Procurement Vision & Mission
- Developing The Strategic Plan
- Supplier Classification Systems
- Supplier Qualification Methods
- Developing Quantitative Evaluations
- Supply Chain Management
- Defining Strategic Supplier Alliances
- The Strategic Alliance Process
The Steps to Strategic Procurement
- Developing Spend Analysis
- Excel Tools For Analysis
- Strategic Sourcing Software
- Methods of Commodity Coding
- Commodity Management
- Developing Key Performance Indicators (KPI) For Procurement
- Supplier Performance Metrics
The Demand for Continuous Improvement in Total Cost of Ownership
- Driving Down Prices Through Cost/Price Analysis
- Determining and Tracking Cost Drivers
- Cost Containment
- Supplier Collaboration Technologies
- The E-Reverse Auction-What Is The Future?
- Improving the Purchasing of Maintenance, Repair, and Operating (MRO)
Improving the Image of Procurement
- Developing and Maintaining a Customer Focus
- Integrating Procurement with Other Functions
- Strategies for Identifying and Managing Supply Risk
- Exception Management
- Basic Issues In Corruption and Fraud Prevention
- Increasing The Level Of Procurement Professionalism
Understanding What Logistics and the Supply Chain Are About
- Definitions of logistics and Supply Chain management
- The interrelations and connections of Buying, Making, Moving, and Selling activities
- History and the development
- Understanding the Supply Chain dynamics
Models for Supply Chain Management
- Supply Chain Operations Reference Models (SCOR)
- The Theory of Constraints (TOC)
Key Aspects and Rules of Supply Chain Management
- The cost/service balance
- Customer service principles
- Lead times throughout the supply chain
- Adding value
- Production options/changes
- Trade-off opportunities
The Benefits of Adopting a Supply Chain Approach
- Understanding the sub-functional conflicts
- Benefits within and between functions
- Taking a supply chain view of total acquisition costs
- Accepting that competitive advantage comes from the Supply Chain
