$950

Strategic Procurement Management - Virtual Live Workshop

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$950

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Event description
The objective of this virtual live workshop is to provide participants with the information and knowledge needed for strategic procurement.

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Course outline

  • Procurement lifecycle, concept of Total cost of Ownership (TCO) and Value for Money (VFM)
  • Sourcing process
  • Procurement principles – Open and Fair, Transparency and Value for Money
  • Procurement lifecycle (PLC): Definition, Overview of the different stages
  • Stakeholder Management
  • Five Rights of Purchasing
  • Specification development: Definition, Value Engineering and Analysis, Standardisation, difference between product and service specifications etc
  • Use of Procurement Technologies – Reverse Auction System, Source-2-Pay System, Risk Modelling etc
  • Evaluation and selection of suppliers – Developing Pre Qualification Questionnaire (Technical and Financial criteria), Defining Evaluation Criteria & Scoring Mechanism.
  • Contract Management – Supplier Relationship Management, Supplier Performance Management & Supplier Risk Management

		Strategic Procurement Management - Virtual Live Workshop image

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