essentials in procurement and supply

Essentials in Procurement and Supply

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

In the field of procurement and supply, the efficiency of the activities matters the most. Being able to become effective and efficient at the same time will dramatically change the profits generated by the firm.  This course will help you devise a business case for requirements to be sourced from external suppliers. You will understand the fundamentals of specifications and Key Performance Indicators (KPIs) that are included in contractual arrangements made with suppliers. You will appreciate the main implications of outsourced work or outsourced services for procurement and adopt practices that help achieve value for money solutions in procurement.

Objectives:

after attending this course, participants will be able to:

1. Define different concepts related to procurement and supply.
2. Devise a business case for requirements to be sourced from external suppliers
3. Understand the fundamentals of specifications and KPIs that are included in contractual arrangements made with suppliers
4. Explore the main clauses that are included in formal contracts
5. Appreciate the main implications of outsourced work or outsourced services for procurement.
6. Apply efficient and effective practices in procurement and supply chain.

Content:

Module 1:

1. Definitions of procurement, supply chains, supply chain management and supply chainnetworks.
2. Definitions of logistics and materials management.
3. How does business needs influence procurement decisions?

Module 2:

1. The estimation of costs and prices for the procurement processes.
2. Explain the criteria that can be applied in the creation of a business case.
3. Supply chain management vs. Procurement.

Module 3:

1. Financial budgets for the control of procurements.
2. Assess different types of specifications used in procurements of products or services.
3. Specificationsfor procurements.
4. Develop examples of KPIs in contractual agreements.

Module 4:

1. Explain sources of contractual terms for contracts that are created with external organizations
2. Interpret examples of contractual terms typically incorporated into contracts that are created with external organizations.
3. Assessment of the main types of pricing arrangements in commercial agreements.

Module 5:

1. Differentiate outsourcing from other types of procurement
2. Procurement and outsourcing.
3. Develop a plan for procuring outsourced work or services.
4.  
5. Case study.

Who Should Attend?

1. Procurement professionals.
2. Supply chain professionals.
3. Interested candidates of graduates and undergraduates.