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Course Code: PSCO 1004
235 Course Visits
Sourcing, Purchasing & Procurement
Course Sector:
Procurement & Supply Chain Operations
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Dubai, UAE $4,250
02
5 Days
Dubai, UAE $4,250
Introduction
Training course introducion / brief
In today's dynamic business environment, effective sourcing, purchasing, and procurement practices are crucial for organizational success. This comprehensive training program is designed to equip participants with the knowledge, skills, and strategies necessary to navigate the complexities of modern procurement.
Course Objectives
At the end of the training course, participants will be able to
- Understand the Sourcing, Purchasing, and Procurement processes.
- Explore the interconnected roles of these functions within the broader context of supply chain management.
- Develop and implement strategic sourcing plans.
- Emphasize the importance of supplier segmentation and risk management in strategic decision-making.
- Understand the significance of procurement planning for organizational efficiency.
- Acquire the required skills in forecasting, demand planning, and inventory management.
- Define criteria for supplier selection and performance evaluation.
- Cultivate effective negotiation skills for successful procurement outcomes.
- Address challenges and implement strategies for achieving mutually beneficial agreements.
- Understand the essentials of contract management, from negotiation to monitoring and compliance.
- Master the ability to draft, understand, and manage contracts effectively.
- Explore the realm of e-procurement and its role in modernizing procurement processes.
- Illuminate the legal aspects of procurement, emphasizing compliance and ethical considerations.
- Navigate contractual obligations and dispute resolution.
- Develop skills in cost analysis, cost modeling, and total cost of ownership (TCO) evaluation.
- Explore strategies for reducing costs and enhancing value in procurement processes.
- Define key performance indicators (KPIs) in procurement.
Course Audience
Who is this course for, and can benefit the most
coming soon
Course Outline
The course aims and learning outcomes
Introduction to Sourcing, Purchasing & Procurement:
- Overview of Sourcing, Purchasing, and Procurement
- Importance of effective procurement in organizational success
- Key terms and definitions
- Role of procurement in supply chain management
Strategic Sourcing:
- Understanding strategic sourcing
- Developing a sourcing strategy
- Supplier segmentation and evaluation
- Risk management in sourcing
Procurement Planning
- Importance of procurement planning
- Forecasting and demand planning
- Inventory management
- Supplier relationship management
Supplier Selection and Evaluation
- Criteria for supplier selection
- Supplier performance metrics
- Supplier audits and assessments
- Continuous improvement in supplier relationships
Negotiation Skills in Purchasing
- Principles of effective negotiation
- Developing negotiation strategies
- Win-win negotiations
- Handling difficult situations in negotiations
Contract Management
- Basics of contract management
- Key elements of a contract
- Contract negotiation and drafting
- Monitoring and managing contracts
E-Procurement and Technology
- Overview of e-procurement
- Benefits and challenges of using technology in procurement
- Implementation of e-procurement systems
- Emerging trends in procurement technology
Legal and Ethical Considerations
- Legal aspects of procurement
- Compliance and ethics in purchasing
- Contractual obligations and disputes
- Anti-corruption measures in procurement
Cost Management in Procurement
- Cost analysis and cost modeling
- Total cost of ownership (TCO)
- Value analysis and value engineering
- Strategies for cost reduction in procurement
Performance Measurement and Continuous Improvement
- Key performance indicators (KPIs) in procurement
- Performance measurement frameworks
- Continuous improvement methodologies
- Developing a personal action plan for ongoing improvement
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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