An Intensive 5-day Training Course

Procurement Best Practices

Adding Value to the Strategic Process in Maximising Performance

INTRODUCTION TO THE COURSE

The Procurement function has developed from a simple administrative function to a fully fledged strategic business unit. No longer is it sufficient to simply turn requisitions into orders and then await the delivery of the goods or services. It is therefore imperative for Procurement to constantly deliver value to the organisation by delivering products and services that contributes to the well-being of the organisation.

In order to do this, Best Practices have to be implemented on four levels:

  • Strategic
  • Tactical
  • Operational
  • Contingency

This KC ACADEMY Procurement Best Practices training seminar will address the necessary conditions at all four levels for those delegates who want to implement high-performing Procurement functions.

COURSE DETAILS

Objectives Icon

OBJECTIVES

Participants attending this KC ACADEMY training seminar will:

  • Understand the evolution in Procurement
  • Discuss the inputs, outputs and processes of the system
  • Develop meaningful performance measurements
  • Learn the necessary conditions to be taken on all four levels
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TRAINING METHODOLOGY

Participants will increase competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, review published articles, and group discussions covering current practices and their relationship to the implementation of new concepts.

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ORGANISATIONAL IMPACT

The organisation will benefit by:

  • The ability to deliver real value in a shorter time
  • Reduce the number of non-value adding activities
  • Improved relations between personnel, customers and suppliers
  • Reduction in total cost of ownership
  • Improved supplier performance
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PERSONAL IMPACT

Attendees will gain by participating in this KC ACADEMY training seminar as a result of:

  • Increased skill sets in all phases of strategic procurement
  • Greater ability to lead, plan, and manage the procurement process
  • A greater sense of professionalism and being able to contribute to the organisation's strategic objectives
  • Increased Knowledge about Key Performance Indicators
  • Increased recognition by the organization due to improved performance
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WHO SHOULD ATTEND?

  • Contracts, Purchasing, and Procurement Personnel
  • Project, Engineering, Operational, and Maintenance, Personnel who are involved in the planning, and execution of purchases and contracts
  • All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

DAILY AGENDA

DAY 1: Seeing Procurement as a Dynamic, Interactive System
  • The System Approach vs. the Traditional Functional Approach
  • What is the goal of Procurement?
  • Developing the Strategic Procurement Plan
  • An Overview of the Procurement Process
  • Procurement as Part of the Supply Chain
DAY 2: Developing the Strategic Procurement Decisions
  • Make / Buy Decision
  • Vertical Integration
  • Alliances and Partnerships
  • Inter-company Trade
  • Reciprocity and Counter Trade
  • Supplier Strategy
  • The Coordination Strategy
  • The Purchasing Organisation
DAY 3: Implementing the Tactical Procurement Decisions
  • Supplier Involvement
  • Value Analysis
  • Quality Assurance
  • Supplier Selection
  • Supplier Rating and Ranking
  • Contract Management
  • IT Systems and e-Procurement
  • Policies and Procedures
  • Staffing the Procurement Department
DAY 4: Dealing with Operational Procurement Decisions
  • Selecting the most Appropriate Ordering Process
  • Addressing Quality Issues
  • Follow-up
  • Overdue Orders
  • Expediting
  • The Payment Process
  • Reducing the Cost of Procurement: Small Value Purchase Orders
DAY 5: Contingency Procurement Decisions
  • The Different Contingency Situations
  • Contingency Management

Procurement Performance Measurement

  • Spend Analysis
  • Total Cost of Ownership
  • Supplier Performance Measurement
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Certificate

On successful completion of this training course, KC ACademy Certificate will be awarded to the delegates

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FREQUENTLY ASKED QUESTIONS

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

Are there prerequisites or language requirements?

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

How many students are in a course? Who will be my classmates?

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

Do I need specific equipment to take Online Courses?

You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.

How can I register?

You can register for a KC Academy training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

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