Description

Procurement Management

A Procurement Management Process, or Procurement Process, is a method by which items are purchased from external suppliers. The procurement management process involves managing the ordering, receipt, review and approval of items from suppliers. A procurement process also specifies how the supplier relationships will be managed, to ensure a high level of service is received. This is a critical task in Procurement Management. In essence, the procurement process helps you “get what you have paid for”.

Course Outline

Principles of Modern Purchasing

• Purposes and Aims of Purchasing
• Importance of Purchasing Within the Company
• Future Challenges to Purchasing

Strategy of Purchasing

• Strategic Principles
• Principles of the Purchasing Strategy
• Process of Developing a Strategy

Purchasing Organization

• Structural Organization
• Operative Organization

Supplier Management

• Supplier Strategy & Evaluation
• Supplier Selection & Development

Global Sourcing

• Principles of Global Purchasing
• Compliance

Risk Management with Regard to Purchasing

• Principles of the Risk Management
• Special Safeguarding Against Supplier Risks

Methods and Tools for Everyday Purchasing

• Procurement Market Research
• Value Analysis
• Portfolio Technique
• Price Structure Analysis

Purchasing Negotiation

• Preparation
• Communication
• Negotiating Stages
• Negotiating Methods

Personnel Development in Purchasing

• Requirements for the Modern Buyer
• Purchasing as a Managerial Function
• A Career in Purchasing