MM24
Course Contents
Module 1 -Role of Procurement & Contribution Overview
Key Topics
- Purchasing and its contribution to the organization
- Mission and Vision of Procurement
- International Best Practices in Procurement
- The influence of the External Environment in Procurement
- Developing a World class procurement strategy
- The Procurement Cycle – Process Overview
Module 2 - Setting the Strategic Sourcing Methodology
Key Topics
- Spend Category Analysis & Strategy
- Profiling spend categories
- Assessing market risks
- Analyzing financial impact
- Mapping spend categories (Routine, Bottleneck and Strategic Items)
- Consolidating category reports
- Segmentation and analysis of suppliers
- Supplier Analysis & Strategy
- Mapping supplier profiling (by location, value, volume & strategic alliance)
- Formulate supplier diversity plan
- Implementation of Strategic Outcome
Module 3 - Development of Procurement Processes and Implementation
Key Topics
- Develop procurement processes
- Mapping of procurement processes
- Define strategic and operational processes
- Procurement Guideline and Internal Controls
- Integrating ethical principles
- Implement procurement processes
- Managing RFI, RFQ and RFP processes
- Application of bid evaluation criteria
- Working with Stakeholders in Procurement
- Implementing Contract Management Process
- Using procurement decision matrix (by value and ordering channel)
- Employing purchasing tools and templates
- Applying Total Cost of Ownership (TCO)
Module 4 - Supplier Integration and Management
Key Topics
- Supplier Prequalification
- Supplier Rating and Ranking
- Identifying and Mitigating Risk
- Partnering with suppliers
- Building good relationships with suppliers
- Negotiating Principles and Strategies
- Managing Supplier Level Agreements (SLAs)
- Define supplier base optimization
- Applying eProcurement business process
Module 5 - Performance Management and Continues Improvement
Key Topics
- Supplier Performance Measurement and Evaluation
- Quality Management for Strategic Sourcing
- Pursuing Global Supply Management Excellence
- Continues Optimisation of Small Value Purchase Orders
- Cost Reduction Initiatives
- Developing Procurement Key Performance Indicators (KPIs)
- Action Planning for implementation
