Understand need - Market & Options Assessment
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Why you should attend
It is integral for procurement to understand the needs of the business and the status of the supply market, an in depth internal analysis and market analysis is therefore required.
This course is aimed at those with strategic responsibility for procurement within their organisation and those looking to improve their knowledge of supply chains.
There are 15 e-learning modules available in relation to understanding need – market and options assessments
Approaches to strategic sourcing and category management
- This module introduces you to the main approaches that can be adopted to develop strategic sourcing and category management for a mix of procurement expenditures. It also includes the skills needed to implement these approaches.
Compliance with the sourcing process
- This module considers the main techniques for supplier development to improve supply chains. As well as considering the value of the right supplier relationships, it also covers technology developments that can be used.
Creating a sourcing or category plan
- This module considers how to create a sourcing plan for a strategic sourcing or category management process. It considers evaluating the data, interpreting the requirements, assessing the supply market and identifying opportunities and prioritising them.
Fundamentals of specifications and key performance indicators
- This module considers the use of specifications when procuring products and services and how key performance indicators can be used to define and manage contractual performance.
- This module introduces you to the process for developing an implementation plan for strategic sourcing and/or category management. It includes the benefits of using a plan, a comparison of the different routes to market, decision criteria and obtaining stakeholder buy-in to the strategy.
Market forces that impact on procurement and supply
- It is integral for procurement to understand the status of the supply market.
Preparing to source from external suppliers
- This module considers how a plan for sourcing goods or services from an external supplier can be developed. It also considers how the financial stability of potential suppliers can be assessed.
- This module introduces you to the main processes involved in sourcing, including market analysis. It considers how quotations and tenders should be obtained and evaluated, as well as looking at the contribution that electronic systems can make to assist sourcing.
The main sources of information on suppliers and customers
- This module considers the main sources of information on suppliers and customers, including how internet and other technologies have changed the way that procurement functions.
The main stages of sourcing process
- This module introduces the sourcing process and examines its role in the Purchasing function. Areas covered include the identification and selection of suitable suppliers, assessment criteria and contract management.
The main tasks associated with each stage of the sourcing process
- This module considers the main tasks associated with each stage of the sourcing process.
The rights of procurement
- This module introduces you to the main techniques that can achieve added value through procurement operations.
The workflow involved when making agreements with suppliers
- This module examines the principles of the requisition process and contractual provisions within quotations for the supply of goods and services.
- This module introduces you to the concept of outsourcing, the implications of the ‘make or buy’ decision and how to develop a successful outsourcing process.
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