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 Procurement and Supply Chain Management Best Practices MODULE 1 P12371 QR Code
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Procurement and Supply Chain Management Best Practices - MODULE 1



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 procurement and supply chain management and moves through leading-edge issues that confront organizations today.

Course Objectives:

At the end of this course the participants will be able to:

  • Review the meaning of strategic procurement
  • Be given examples of best practices in procurement and the supply chain
  • Review how to obtain the best pricing
  • Be taught how to develop spend analysis
  • Develop a functional and cross-functional view of the supply chain
  • See that better working with all of the supply chain players pays
  • Consider Key Performance Indicators (KPI’s)

Targeted Audience:

  • 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

Course Outlines:

Unit 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

Unit 2: Developing Strategic Procurement Decisions:

  • Make/buy decision
  • Vertical integration
  • Alliances and partnerships
  • Inter-company trade
  • Reciprocity and countertrade
  • Supplier strategy
  • The coordination strategy
  • The Purchasing organization

Unit 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

Unit 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 the procurement: small value purchase orders

Unit 5: Contingency Procurement Decisions:

  • The different contingency situations
  • Contingency management
  • Procurement Performance Measurement
  • Spend analysis
  • The total cost of ownership
  • Supplier performance measurement

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