The management of the procurement function itself – as opposed to the management by procurement staff of contractors and suppliers – can make the difference between having a purely administrative, internal service provider team that operates in the background, or a strategically important function that can help shape the success of the enterprise. If the head of procurement is a mid-ranking manager he or she may not have the ear of the chief executive. But if the company has a Chief Procurement Officer in the "C Suite", working alongside his or her peers from Finance, Operations and Technology, then it's fair to assume procurement is seen as key to delivering the corporate strategy. This course looks at aspects of procurement at its most influential and value-adding.
The course will also include a site visit to an organization relevant to the course so delegates can develop an understanding of how their contemporaries function in the real world.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to applying the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
Procurement and Business Strategy
The development path for procurement from transactional to value chain management
Procurement Organization, structure and job functions
Managing Procurement Risk
What risks should procurement be considering?
A process to identify, analyse and respond to priority risks
Important supply chain risks – case study
How to manage risks that turn into reality
Procurement – Performance Measurement and Governance
Benefits of measuring the performance of procurement
Assessing Purchasing Effectiveness and Purchasing Efficiency
KPIs for measuring performance
Procurement Information systems
Industrial visit to a relevant organization.
An insight into the internal working of companies.
An opportunity to learn through interaction with practising professionals.
Summary and recap of key learning objectives
This course is suitable for:
Procurement Officers, analysts and managers.
Contract Engineers and analysts.
Procurement team members
Executives tasked with managing contracts.
Anyone who wishes to have a good understanding and involvement in purchasing activities.
Upon completion of this course, you will have:
Learned about the value Procurement can bring to delivering the corporate strategy.
Considered how to structure the procurement function, to make the biggest difference inside organizations.
Acquired skills in important procurement activities, such as value chain analysis, purchasing portfolio management and category management.
Practised techniques in benchmarking the performance of the procurement team.
Developed practical perspective into contemporary work practices in your field.
Devised an Action Plan to be implemented at your workplace using the knowledge and skills acquired through the course.