Modern Methods of Procurement and Cost Analysis Arts

About the Course

Name: Modern Methods of Procurement and Cost Analysis Arts

Code: PSCOS-114

Sectors: Procurement & Supply Chain Operations

  Date   Days   Venue   Fees
26 - 30 Jun 2022 5 Dubai, UAE $3,950 BOOK NOW
02 - 06 Oct 2022 5 Live Online Classroom $1,550 BOOK NOW
26 - 30 Nov 2022 5 Paris $4,950 BOOK NOW


Purchasing is one of the most important functions for successful organisations, whether it is selecting and applying the appropriate methodologies to ensure value for money or monitoring high quality delivery by suppliers which requires collaboration across all functions and a strong contractual underpinning of the supplier relationship. To ensure that this occurs requires a complete understanding of the needs of the organisation, and the capabilities in the supply market.


At the end of the training course, participants will be able to:

  • Be more effective in managing purchasing
  • Develop appropriate strategies for delivering value
  • Use appropriate methodologies for managing suppliers
  • Be able to use tendering, negotiation and other techniques
  • Enhance value obtained from suppliers
  • How to measure and improve the performance of the Purchasing function

Training Methodology

This training course is designed to be highly interactive and participatory. To ensure maximum comprehension and retention, this training will utilize a variety of proven virtual learning methods such as break-out sessions for group discussions and brainstorming, virtual icebreakers, recorded videos, case studies, and readings.


Day 01

  • The Basis of Purchasing Management
  • Principles of Good Procurement within the Supply Chain
  • Understanding the Supply Chain
  • Requirements and Specifications
  • Spend mapping
  • Supply Segmentation
  • Price, cost and value
  • Principles of Good Management
  • Strategy, vision
  • Objectives of Purchasing management
  • Organisational structure

Day 02

  • Sourcing and Supplier management
  • Appropriate sourcing techniques
  • Tendering
  • Open, Restricted, negotiated, competitive dialogue.
  • PQQ – pre-qualification questionnaires
  • Tender evaluation
  • Negotiation
  • Electronic procurement
  • E-auctions
  • Assessing and allocating risk
  • Identifying Risk
  • Mitigating Risk
  • Approved supplier lists and blacklists

Day 03

  • Risks and Opportunities in the Supply Market
  • Supplier Management and Development
  • Supplier Evaluation
  • Partnerships and alliances
  • Supplier Development
  • Local supplier development
  • Corporate Social Responsibility
  • Ethical and Environmentally responsible sourcing

Day 04

  • Managing Suppliers
  • Managing Partnerships
  • Appropriate opportunities for partnering and alliances
  • Structure of partnerships
  • Duration and end of partnership arrangements
  • Managing non-critical suppliers
  • Negotiation
  • Managing Service Suppliers
  • Service Level Agreements
  • Supplier non-conformance and corrective actions

Day 05

  • Measuring Performance and Leading Change
  • Measuring Performance
  • Key Performance Measures
  • Financial Measures
  • Leading Change
  • Ensuring Cross functional collaboration
  • Promoting Purchasing to the organisation
  • Stakeholder analysis
  • Action planning
  • Bottom of Form

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