The Course Content
Day One: Understanding Procurement in the New Normal
How the world changed due to the Pandemic, The Demand spike and ongoing supply chain disruptions
What is the purpose of a business?
Dealing with the Problem of being a “go between”
Purchasing Process and Cycle of Procurement
Positioning Purchasing within the Company
The Global Supply Chain
Day Two:Selecting the Right Supplier & Evaluating Performance
Analysing Value
Conditioning the Supplier to Meet Your Requirement
Life Cycle Costing
The Total Cost Approach to Purchasing
Using Price Indices
Performance Evaluation
Day Three: A New Paradigm for Outsourcing
Is your relationship transactional or outcome-based?
Defining desired outcomes that are measurable
Developing an effective outsourcing contract
Designing a resilient supply chain
Evaluating cost/service trade-offs
Day Four: Identifying Procurement Instabilities and Risks
Internal supply chain risks
PESTLE and external risks
Risk management principles
Evaluation and prioritisation of risks
Contingency and risk management planning
How The Supply Chain Crises changed our practices regarding Risk
Day Five: Rethinking Procurement and Improving your Results
Rationale and approach to performance management including Lean
Identifying, defining, and tracking your metrics
Incentives and continuous improvement
Re-engineering supply chains end to end to become resilient
Organisation development