Advanced procurement and contract management methodologies

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Description

general goal

This virtual training course provides participants with the basics of excellence in purchasing, bidding and supplier selection management. It deals with the entire procurement process from material or product specification, To pay the supplier and all related functions. The program discusses the role of purchasing management and its importance to other departments in the organization. In addition to different purchasing strategies.

subsidiary goals

Selection of suppliers and method of supply.
How to negotiate with the supplier.
How to create a strong contract with the supplier.
Identify time-consuming steps to make internal processes faster and more efficient

Featured Buyer: his responsibilities and characteristics of his success.

Course themes

The role and objectives of the purchasing department in the organization.
Why do organizations need to “buy”?
Industrial buying versus consumer buying
Purchasing Process Overview (Planning, Executing, Monitoring and Controlling)
Types of materials purchased.
buying strategies (forward buying, outsourcing, leasing, electronic purchase).
Introduction to materials planning and inventory management.
Various costs in material pricing (raw materials, transportation, production, Insurance).
Signals to trigger the buying process.
Determine specifications.
Determine the sources of supply and locate them.
Selection of suppliers and method of supply.
Types of supplier relationships.
Manage and maintain supplier relationships in a good manner.
Types of contractual agreements.
Aspects of agreements (such as terms of credit, price, and delivery options).
Negotiation process: How to negotiate with the supplier.
Contracting process: How to create a strong contract with the supplier.
Determine which steps take a long time.
Making the internal process faster and more efficient.
Reducing the overall purchasing cycle time.
limits of powers