Procurement Best Practices

Procurement has evolved from a simple administrative procedure to a full-fledged strategic business unit. It is no longer sufficient to simply convert requisitions into orders and then wait for the goods or services to be delivered. As a result, it is critical for Procurement to consistently deliver value to the organization by delivering products and services that contribute to the organization's well-being.

In order to do this, Best Practices have to be implemented on four levels:

• Strategic

• Tactical

• Operational

• Contingency

This Procurement Best Practices training course will address the necessary conditions at all four levels for those delegates who want to implement high-performing Procurement functions.

Course Objectives of Procurement Best Practices

Participants attending this training course will:

• Comprehend the evolution of Procurement
• Examine the inputs, outputs, and processes of the system
• Design meaningful performance measurements
• Learn the necessary conditions to be taken on all four levels

Course Methodology of Procurement Best Practices

Participants will expand competencies via various instructional techniques including a lecture by an experienced practitioner and consultant, exercises, review published articles, and group discussions covering current practices and their relationship to the implementation of new concepts.

Organizational Impact of Procurement Best Practices

The organization will benefit by:

• The ability to deliver real value in a shorter time

• Reduce the number of non-values adding activities

• Improved relations between personnel, customers and suppliers

• Reduction in total cost of ownership

• Improved supplier performance

Personal Impact of Procurement Best Practices

Attendees will gain by participating in this training course as a result of:

• Increased skill sets in all phases of strategic procurement

• Greater ability to lead, plan, and manage the procurement process

• A greater sense of professionalism and being able to contribute to the organization’s strategic objectives

• Increased Knowledge about Key Performance Indicators

• Increased recognition by the organization due to improved performance