• Module 1 Procurement Overview & the Procurement Structure
  
• Module 2 User needs & fulfillment – Process Analysis
• Module 3 Transforming Procurement
  
• Module 4 Strategic Sourcing, Supplier Selection & Management
• Module 5 Understanding Cost Drivers

Transforming the procurement function requires commitment of management, a rethinking of strategies, a changed approach to concepts, and adoption of new ideas. Challenging, as it may, the approach calls for a total rethink of our past and chart a new pathway to procurement success. It consumes a lot of time, entails breaking down barriers between internal groups, demands a new approach to suppliers, and requires significant investment in resources like people, training, analysis, measurement, technology, and suppliers.

To make a significant impact to the organization’s future success, procurement’s contribution has to be reviewed for lethargy, malaise and inefficient practices. In this course, we will look at some of these problems, understand how to resolve critical issues and pave new pathways to old problems.

This 7-hour on-line training is designed to impart knowledge on how to transform the total procurement function by utilizing critical thinking processes and new ideas. The course challenges traditional thinking and introduces models and concepts that are now widely acclaimed to work for world class companies.

Your Take-Away:

1. How to transform procurement from a cost center to one of value creation
   
2. Moving away from silo thinking to enterprise success
   
3. Engaging in progressive procurement practices and tools to drive results
   
4. A deep understanding of cost drivers that determine the total cost of supply chain
   
5. Supplier performance measurement, aggregation of demand, supplier rationalization, strategic sourcing, and enhanced supplier relationships
   
6. Appreciation of technology, electronically enabling the supply chain, use of paperless e-Procurement tools and e-commerce portals
   
7. Spend management and big data analytics

Interactive Lectures, Class Participation and Exercises Involving Calculations.