In today's highly competitive business world, each function within the organization is being called on to show how it contributes to the overall success of the organization. Like many service departments, the purchasing function has come under scrutiny and organizations throughout the world are evaluating whether their purchasing and supply chain management processes add value to the company.
The most proactive organizations are recognizing that these functions play a role that is swiftly becoming part of the development and implementation of carefully crafted strategies. This leads to reduction in operating cost while improving quality and efficiency in acquisition of all goods, equipment, and services.
This course explores key concepts forming the basis of strategic procurement issues and exposes participants to the best practices that confront the purchasing organization today.
The course is targeted at procurement personnel, private and government officials and other stakeholders engaged in the procurement of goods, works and services from national and international sources. Lawyers responsible for drafting, negotiation, or approval of domestic or international agreements for public procurement will also benefit from this course. Others are:
Anyone responsible for purchasing at a senior level who seeks to enhance their skills further
Suppliers of goods and services to public entities
Marketing executives wanting to explore the public sector demand market
By the end of the course, participants will be able to:
develop deeper appreciation of the dimensions of supply chain management
identify the various components of supply chain systems; including public sector supply chains
appreciate the role of procurement in supply chain management
articulate the legal framework within which public procurement is practiced
align the procurement, finance and other organizational functions for optimal efficiency
identify and apply the various procurement methods available in public procurement including those funded by international donor organizations;
draft procurement contracts based on any of the various methods available in public procurement
become more efficient, sophisticated buyers
Emerging trends relating to general Principles of Procurement
The role of purchasing and Supply Chain
Stages of the purchasing process
The impact of e- purchasing and internal relationships
Management of working capital
Cash flow forecasting
Capital expenditure and revenue expenditure
The danger of overtrading
Legal Aspects of Purchasing
Contract and sale of goods law
Sources of purchasing law
Law applicable to purchasing
Overview of other significant laws and legislations
Contract Negotiation processes
Selected strategies and tactics
Role plays to develop skills
Exploring and Developing Terms and Conditions
The form and structure of contracts
Performance incentive clauses
Risk allocation clauses
Specimen contractual terms.
The various processes in the Supply Chain
The structure of a Supply Chain
What makes a Supply Chain successful?
The role of inventory and effective Warehouse management in the Supply Chain
Achieving maximum performance in inventory control
Understanding and implementing the skills needed for managing and controlling warehouses and inventory in the supply chain
Summarize the steps involved in the completion of procurement
Understand the role of contract management in the Procurement and Supply Chain Framework
Understand and apply the use of 32 tactics in contract negotiations
Select the applicable methods for resolution of disputes in public procurement contracts.
Practically negotiate using various contract related cases aimed at improving the price
Build a personal organizational contract profile, contract scoping.
Phone: Lajorin Olusina 09026713101, 08033241313, 08071582022