Purchase is no longer a support function or attached to the apron strings of the production department. In an environment characterized by many unknowns, purchasing professionals must assist general management by providing purchasing expertise for strategic decisions. Purchasing can assist in calculating the probable impact of outside factors on supply, quality and price. However, the ground reality is different. In many companies, procurement professionals are locked in the grind of fulfilling the requirements of the user department or chasing the suppliers for myriad reasons. Against this backdrop, they have little time to sit back and reflect on what they are doing. This programme is designed to improve the understanding of the participants about strategic aspects of purchase function vis-à-vis developing their analytical skills.
Overview
Overview
By taking this course, participants will develop their competencies in
- Distinguishing between strategic, tactical and operational procurement
- Develop a checklist so as to appraise the vendors
- Evaluating and rating the potential suppliers
- The categorisation of the vendors
- Distinguishing between traditional and partnership supplier relationships
- Some of the modules are absolutely new and these are not covered in traditional courses on Material Management or Supply Chain Management.
- A road map on the implementation of the Strategic Procurement Plan (SPP) for the company. This is a unique concept and participants will gain exclusive access to it.
- An offshoot of SPP is Vendor Development Strategies. Participants would be given extensive exercise in vendor development strategies. Based on this, participants can prepare Vendor Development Plan (VDP).
- The trainer employs training programmes for research purposes to study the successes and failures of the purchasing department. Based on this research, a comprehensive list is developing for doing a SWOT Analysis of the procurement function. This list is indigenously developed, and participants will not get it any book or a web resource.
Course Features
- Lectures 18
- Quizzes 0
- Duration 14 hours
- Skill level All levels
- Language English
- Students 25
- Assessments Yes
Curriculum
Curriculum
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Module 1
- Overview of Strategy, Misconceptions of Strategy
- Traditional Procurement Vs Strategic Procurement
- Traditional vs New Age Procurement
- What After Training? How to Make Strategic Procurement Plan (SPP)
- Strategic Tool – Overview of Porter’s Five Forces Model
- Strategic Tool – Total Cost of Ownership (TCO)
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Module 2
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Module 3
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Module 4