Summary
In supply chains, strategic purchasing is a strategy to consolidate purchasing power to find the best market values and align your business goals and purchasing strategy. With strategic purchasing, you can reduce total costs and transform your entire procurement process. Supply management is involved in balancing supplies and demand to stabilise prices and promote productivity.
This course provides an overview of the development and implementation of practical procurement strategies. By establishing your strategic direction and then analysing pricing, costs, and your value chain you will develop the skills to best utilise effective procurement strategies.
- Examine your strategic direction and supply chain maturity.
- Analyse the components of pricing and costs.
- Develop an understanding of price and cost estimation methods.
- Use value chain analysis to minimise non-value adding activities and costs.
- Produce a plan for implementing a TCO analysis.
- Purchasing and Procurement professionals
- Contract Managers and Administration
- Project Managers
- Anyone involved in planning and managing purchasing and contracts
This course uses a variety of adult learning styles to aid full understanding and comprehension.
Participants will review case studies to highlight key areas of importance and possible areas for faults.
They will be supplied with the best tools required to carry out learning exercises to improve their skills. Participants will analyse the examples to gain a thorough understanding of how these skills, techniques and methods apply in the workplace.
Course Content & Outline
- Define your supply management mission and vision.
- Describe the Gartner 5 stage logistics Maturity Model for supply chain.
- Discuss how to develop more strategic procurement skills.
- Elaborate on the required competencies for supply management.
- Examine the process of developing a spend analysis.
- Understand how to use Pareto (ABC) analysis for classifying forecast items.
- Discuss common supplier pricing models.
- Define and compare Cost analysis and Price analysis.
- Examine how to work with Producer Price Indexes (PPI) and Consumer Price Indexes (CPI).
- Compare PPI and CPI.
- Describe how to estimate cost in relationships.
- Describe common cost estimating methods.
- Identify the main components of cost.
- Discuss the importance of supplier overheads.
- Examine sources of cost information and analyse supplier cost breakdowns.
- Review global labour markets and rates.
- Explore the impacts of currency exchange rates.
- Examine Cost Volume Profit (CVP) analysis.
- Define fixed and variable costs.
- Describe value chain analysis.
- Discuss methods for assessing supplier value.
- Explore trends and changes in supply management.
- Define TCO.
- Identify TCO methods and implementation.
- Discuss barriers to TCO.
- Examine total cost modelling of your supply chain.
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