Course Description:

Creating a Procurement Strategy

·       Purchasing vs. Ordering

·       Specification Responsibility

·       An Objective Environment

·       Auditing the Process

·       Procurement Acts

Planning a Tender

·       Common Tender Strategies

·       Planning the Process

·       Different Formats of Communication 

·       Creating Tender Paperwork

Creating a Supplier Management Strategy

·       Why Measure Suppliers

      ·       Setting Key Performance Indicators (KPIs)

·       Measuring Suppliers to the Appropriate Level

·       Delegation and Relationship

·       Using Information Internally

E-Procurement Strategies

      ·       Electronic Catalogues

      ·       Setting Up E-Procurement Channels

      ·       Searching for International Suppliers

      ·       Following Due Process

Role of IT in Procurement

      ·       Internet Based Applications

      ·       Websites, Email and Search Engines

      ·       E-invoice, e-receipt and e-documents

      ·       Searching for Suppliers, Goods and Services  

International Practices

      ·       Barriers to International Trades

      ·       Avoiding Fraud in International Market

      ·       Building Relationship with Trusted Suppliers

      ·       Foreign Exchanges (Forex)

FOR WHOM: Procurement Managers, Buyers, Purchasing Managers, Heads of Departments, Supervisors, Managers, Accountants, Auditors, Financial Planning, Directors and Others who are responsible for purchasing strategy.