Procurement is a strategic function tasked with improving an organisation’s profitability. In today’s fast changing world, managing to benchmark is important but not enough. Future developments & trends have to be anticipated and management adjusted accordingly. To achieve this the spirit of Best Practices is an excellent source providing hands-on solution for challenging business environments. Best Procurement Practices looks beyond the classical traditional methods and drives purchasing & procurement professionals to master all opportunities offered by the rapidly changing market place
Vertical Integration / Buy Decision
Alliances and Partnerships
Inter-company Trade
Reciprocity and Counter Trade
Supplier Strategy
The Coordination Strategy
The Purchasing Organization
Interpersonal skills Presentation skills, oral and in writing
Challenging stereotypes about procurement people and their behavior
Values, beliefs and behavior
Typical examples of procurement interactions in the workplace
Presentation skills, oral and in writing
Procurement planning and operations management
The procurement cycle from identification of need to contract closure
Tactics and processes to manage and maintain procurement operations, strategies and supplier performance
Internal capability for managing supplier evaluation;
Key aspects of supplier performance evaluation;
Evaluation methods;
Managing non-conformances;
Supplier performance reviews
Activity: Developing a supplier performance evaluation form
Understanding Inventory receipts
Identifying inventory issues
Managing Surplus and obsolescent stock
Stock checking programs
Reviewing current procedures and polices
Assessing the stock level
Models for implementing inventory control
Apply the processes, skills and tools that are fundamental to the success of the world’s leading procurement organizations
Achieve double-digit cost savings and form constructive business partnerships with your stakeholders
Develop business-driven procurement strategies
Ensure suppliers deliver the best value to the business
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