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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.
Why choose 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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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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