PROCUREMENT AND VENDOR MANAGEMENT TRAINING
Registrations are closed
Live-Online Training: N188,125
Classroom Training: N 279,500
3 - 4 participants: 5% discount
5 or more participants: 10% discount
(Available also for Customized Training by Duration, Venue & Fee)
Programme Description
This course provides participants with the necessary knowledge and skills to manage company and project procurement functions effectively and efficiently.
The topics covered will include:
- The concept of strategic and operational procurement management
- How to craft procurement strategies, plans and programmes
- How to develop the proper procurement organization, policies, systems, and procedures
- How to determine the required procurement manpower requirement – composition, competency & quantity
- Managing purchasing operations
- Managing project procurement
- Managing vendor relations
- Tender management
- Contract management
- Warehouse management
- Delivery / distribution / logistic management
- Managing procurement information management system.
Course Contents
DAY ONE
- Overview of Procurement
- The Terminologies
- The major virus of Procurement
- Strategic fundamentals of a buyer
- Critical Issues for Consideration in Developing Procurement Strategy
- Types of Procurement Methods
- Centralized Procurement
- Decentralized Procurement
- Whole Life Procurement (TCO)
- The Procurement Management Procedure
- Preparing terms-of-reference for contract of service
- Project Appraisal and Analysis
- Sourcing
- Tendering and Bidding.
DAY TWO
- Procurement Cycle
- Implementing procurement management plan
- Requirement to purchase
- Plan the process
- Prepare the documentation
- Identify possible suppliers
- Issue/Receive back the tender/quotation documentation
- Evaluate the submissions
- Negotiation – High value Negotiation planning
- Award and place the contract
- Delivery
- Payment
- Manage and monitor the contract
- Review the process
- Procurement Business Process Management
- Procurement Management Planning
- Strategic Alignment for the Procurement Manager.
DAY THREE
- Financial Skills for Procurement Executives
- Capital Investment Appraisal
- Budget forecasting
- Budget development structuring
- Procurement Master Budgeting
- Procurement Financial Performance management
- Final Investment Decision
- Procurement Risk Management
- Guidelines for procurement audit manual
- Procurement Risk Auditing
- Procurement Risk Prioritization and Categorization
- Contract Management Skills for the Buyer
- Types of contracts and implementation techniques
- Contract strategies and techniques
- Using the difference in real life situations.
- Effective Negotiation in procurement
- Procurement Performance Management
- Supplier Development Programming
- Vendor Administration
- Strategic Supplier workshop development
- International Sourcing and E-Procurement
- Procurement Management technological development
- Introduction to Electronic Procurements
- Supplier Management Integration System
- Oracle Enterprise Resource Planners v. Procurement.
DAY FOUR
- International Sourcing and E-Procurement
- Procurement Stakeholders Management
- Stakeholders Analysis
- Stakeholders Planning
- Stakeholders prioritization techniques
- The Role of the Buyer in the Supply Chain
- What exactly is Supply Chain Management?
- How the Supply Chain works
- The logistics of procurement in the Chain
- The buyer’s influence on the Supply Chain
- Market research and supplier selection
- Common mistakes in Procurement Management and solutions
- Legal Issues
- Terms-of-reference for contract of service
- Effective Contract Management.
DAY FIVE
- Key Performance Indicators
- Guidelines for procurement audit manual
- Optimize existing Procurement Models
- Costing models – the Total Cost of Ownership
- Contracting with reduced supplier base
- Financial Skills for Procurement Executives
- Formulas For Winning Highly Competitive Bids
- Project Management & Procurement Analysis.