Professional Course

Procurement and Managing Suppliers - Level 1

LCT International, In London (+1 locations)
Length
5 days
Next course start
Enquire for more information (+2 start dates)
Delivery
Classroom, Self-paced Online
Length
5 days
Next course start
Enquire for more information (+2 start dates)
Delivery
Classroom, Self-paced Online

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  • Classroom
  • London

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  • Self-paced Online
  • Online

Training content

This Procurement and Managing Suppliers - Level 1 course will cover:

The Principles of Procurement

  • Definition of procurement vs purchasing activities
  • Defining the goals of procurement
  • The role of procurement
  • Supporting the business strategic objectives
  • Formulating the procurement strategy

The Procurement Process

  • Key roles and responsibilities
  • Forming commodity teams
  • Planning the procurement activities
  • Development of the procurement policy
  • Developing the supplier selection process

Compiling the Approved Supplier List

  • Determination of the most appropriate suppliers
  • Methods and techniques of inviting potential suppliers
  • Developing the supplier questionnaire
  • Supplier segmentation and grading Tier 1, 2 and 3 suppliers
  • Developing supplier performance metrics

Supplier Relationship Management (SRM)

  • Introduction to the principles of SRM
  • The importance of the buyer/supplier relationship
  • Developing the SRM strategy
  • Collaboration and joint working
  • Motivating suppliers and continuous improvement

Monitoring and Managing Supplier Contracts

  • Managing the contract and setting expectations
  • The importance of setting proper baselines
  • Conducting supplier appraisals based on performance measures and metrics
  • Dealing with underperforming suppliers
  • Dealing with breaches and disputes

Costs

Please contact us for more information on pricing.

Quick stats about LCT International?

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

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LCT International
3 Shortlands, Hammersmith
W6 8DA London

London Corporate Training (LCT)

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...

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