Procurement is one of the most important functions for successful organisations, whether it is selecting and applying the appropriate category methodologies to ensure value for money or monitoring high quality delivery by suppliers which requires collaboration across all functions and a strong contractual underpinning of the supplier relationship. Procurement Category & Commodity Management is a strategic approach that focuses on the majority of an organisation’s spend on goods and services with third party suppliers.
This Training Course is Designed to:
- Explore the practices seen as leading to world class performance in procurement, and supply chain management
- Enable participants to develop appropriate sourcing and supplier category management plans
- Help delegates to develop action plans for implementation within their organisation to improve total value for their organisation
Training Objectives
By the end of this training course, you will be able to:
- Apply a Thorough Understanding of Procurement Category & Commodity Management
- Identify, Analyze and Evaluate Procurement Opportunities
- Understand the Keys Aspects in Category Management
- Use Tools and Techniques to Improve Organization’s Competitiveness
- Apply the Knowledge in Procurement and Supply Chain in Organizational Improvements
- Enhance value obtained from suppliers
- How to measure and improve the performance of the Procurement function
Course Outline
Day One: The Basis of Procurement Management
Principles of Good Procurement within the Supply Chain
- Understanding the Supply Chain
- Requirements and Specifications
- Supply Segmentation
- Price, cost and value
Principles of Good Management
- Strategy, vision
- Objectives of Procurement Management
- Organisational structure
Day Two: Maximising Value and Procurement Excellence using Varied Routes
- The Procurement Excellence Roadmap (PER)
- The importance of Category Management in Procurement
- Value improvement using category management
- Value Adding from Categorization
- Class Exercise on Category Management in Procurement
Day Three: Understanding the Supplier Sourcing and Selection Routes
- Traditional purchasing revisited
- Value and risk analysis
- The model in identifying inventory classification
- Best price evaluation
- Understanding collaborative supplier management
- Supplier Portfolio Analysis (SPfA)
Day Four: Recognising and Overcoming the Barriers to Category Management
- Common barriers and challenges
- Overcoming such barriers
- Best Practice in the implementation of new ideas
- Managing price sensitive products
- Economic Order Quantity
- Criticality Analysis
- Class work on Selective Inventory Control (SIC)
Category Management and Rethinking the Supply Chain
- Supply chain futures, predictions and what needs to be done
- The improvements for re-engineering end to end supply chains
- Supply chain excellence and shareholder value
- The steps to supply chain excellence
- Developing the supply chain strategy
- Supply chain strategy best practice
Day 5: How to Make Category Management Happen
- Ensuring Senior Management Buy-In
- Measuring the Benefits of Category Management
- Communicating within and without the organisation
- Future implications for procurement
- The Global Marketplace
- Corporate Social Responsibility