By attending this Procurement Specialist training course, delegates will be able to:

• Understand the role of Procurement and its contribution to achieving organisational objectives
• Understand International Best Practices and influence of the External Environment in Procurement
• Evaluate internal spend and supply market dynamics to formulate strategic sourcing plan
• Application of different sourcing strategies to leverage savings and ensure supply security
• Management of supplier and market associated risks to protect the interest of the organisation
• Demonstrate knowledge and understanding of the procurement processes for better value
• Implementation of operational and strategic procurement processes streamline procurement operations
• Applications of purchasing tools and templates to foster operational efficiency
• Supplier selection, integration Management to achieve an optimum balance between material cost price and quality
• Develop skills required for effective supplier relationships to achieve enhanced value
• Plan, prepare and apply effective negotiations and evaluate their effectiveness
• Manage Performance Measurement, Evaluation, and Quality Management
• Manage performance of procurement processes for continuous improvement

• Procurement Specialist
• Contracting Officers and Specialists
• Procurement Professionals
• Contract and Procurement Managers
• Buyers
• Commodity Procurement Specialists

Role of Procurement & Contribution Overview

• Purchasing and its contribution to the organization
• Mission and Vision of Procurement
• International Best Practices in Procurement
• The influence of the External Environment in Procurement
• Developing a World class procurement strategy
• The Procurement Cycle – Process Overview

Setting the Strategic Sourcing Methodology

• Spend Category Analysis & Strategy
  • Profiling spend categories
  • Assessing market risks
  • Analyzing financial impact
  • Mapping spend categories (Routine, Bottleneck and Strategic Items)
  • Consolidating category reports
• Segmentation and analysis of suppliers
  • Supplier Analysis & Strategy
  • Mapping supplier profiling (by location, value, volume & strategic alliance)
  • Formulate supplier diversity plan
• Implementation of Strategic Outcome

Development of Procurement Processes and Implementation

• Develop procurement processes
  • Mapping of procurement processes
  • Define strategic and operational processes
  • Procurement Guideline and Internal Controls
  • Integrating ethical principles
• Implement procurement processes
  • Managing RFI, RFQ and RFP processes
  • Application of bid evaluation criteria
  • Working with Stakeholders in Procurement
  • Implementing Contract Management Process
  • Using procurement decision matrix (by value and ordering channel)
  • Employing purchasing tools and templates
  • Applying Total Cost of Ownership (TCO)

Supplier Integration and Management

• Supplier Prequalification
• Supplier Rating and Ranking
• Identifying and Mitigating Risk
• Partnering with suppliers
• Building good relationships with suppliers
• Negotiating Principles and Strategies
• Managing Supplier Level Agreements (SLAs)
• Define supplier base optimization
• Applying eProcurement business process

Performance Management and Continues Improvement

• Supplier Performance Measurement and Evaluation
• Quality Management for Strategic Sourcing
• Pursuing Global Supply Management Excellence
• Continues Optimisation of Small Value Purchase Orders
• Cost Reduction Initiatives
• Developing Procurement Key Performance Indicators (KPIs)
• Action Planning for implementation

This course will be presented using a combination of lectures, practical/hands-on approach such as role plays, case studies, presentation, and video. Practical cases and examples illustrate the variety of current practices and build individual capabilities. There will be ample time for Q&A, discussions with ‘return to work’ action planning. The program will reinforce key concepts within an inspiring and engaging learning environment.