Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

Purchasing and supply chain professionals at all levels of the organization who are involved in planning, sourcing, buying and bid selection activities, as well as personnel who are involved in the purchasing process.

• Strategic procurement planning
  • Setting procurement mission and objectives
  • Selection of improvement initiatives
    • Structure-related initiatives
    • Systems-related initiatives
    • Workstreams-related initiatives
    • Culture-related initiatives
  • Performance measures and targets
  • Communication of procurement plan
  • Stakeholder engagement
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• Spend category planning
  • Spend category profiling
  • Spend impact analysis
    • Financial impact
    • Vendor segmentation
  • Market risk analysis
    • Value chain analysis
    • SWOT analysis
    • Porter’s five forces
    • Risk heat maps
    • Vendor risk scores
  • Category report consolidation
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• Forecasting and demand planning
  • The soft side of forecasting
    • Tetlock’s foxes and hedgehogs
    • Taleb’s black swan
  • Principles of demand planning
  • Quantitative forecasting techniques
  • Qualitative forecasting techniques
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• Vendor integration
  • Vendor prequalification process
  • Vendor prequalification criteria
    • Legal criteria
    • Financial criteria
    • Technical criteria
    • Staff criteria
    • HSE criteria
  • Service Level Agreements (SLAs)
  • Strategic partnering
  • Supplier diversity programs
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• Bid evaluation and selection
  • Bid management process
  • Bid evaluation criteria
  • Scoring systems and protocols
  • Selection and award
  • Total Cost of Ownership (TCO) for complex purchases

This course hasn't been scheduled yet, however you can request for In-House training