Course Outline

MODULE 1: Seeing Procurement as a Dynamic, Interactive System

• The Systems Approach vs. Traditional Functional Approach

• What is the Goal of Procurement?

• Developing the Strategic Procurement Plan

• An Overview of the Procurement Process

• Procurement as Part of the Supply Chain

Case Study: Analyzing a company’s procurement transformation from transactional to strategic.

MODULE 2: Developing Strategic Procurement Decisions

• Make or Buy Decision

• Vertical Integration

• Alliances and Partnerships

• Inter-company Trade

• Reciprocity and Counter Trade

• Supplier Strategy

• The Coordination Strategy

• The Purchasing Organization

Case Study: How a global organization leveraged supplier partnerships for cost savings and efficiency.

MODULE 3: Implementing Tactical Procurement Decisions

• Supplier Involvement

• Value Analysis

• Quality Assurance

• Supplier Selection

• Supplier Rating and Ranking

• Contract Management

• IT Systems and e-Procurement

• Policies and Procedures

• Staffing the Procurement Department

Case Study: Exploring how a company optimized its supplier selection process to improve product quality.

MODULE 4: Dealing with Operational Procurement Decisions

• Selecting the Most Appropriate Ordering Process

• Addressing Quality Issues

• Follow-up and Managing Overdue Orders

• Expediting Deliveries

• The Payment Process

• Reducing Procurement Costs for Small Value Purchase Orders

Case Study: A company’s experience in reducing procurement costs through digital transformation.

MODULE 5: Contingency Procurement Decisions

• Managing Procurement Risks and Uncertainties

• Crisis Response and Contingency Planning

• Supplier Performance Measurement

  • Spend Analysis

  • Total Cost of Ownership

  • Supplier Performance Evaluation

Case Study: How a business successfully managed supply chain disruptions during a crisis.