Training - Procurement Process

 

The skill of running a procurement process should be ingrained in us like soldiers’ drill on a parade ground – it is the fundamental core skill for every new recruit to the procurement profession.  And yet all too often the procurement process is poorly trained and executed and ends up being a calamitous affair. Year after year I see or hear of countless sourcing activities with multiple issues whether it be over budget, not to specification or late in delivery. And the results are severe – sub-standard product launches, budget over-spend, multi-million pound losses, discontented stakeholders and frustrated suppliers. And we haven’t even talked about the stress it causes you.

Tried and tested over many hundreds of direct and indirect sourcing activities, my simple, yet robust process continues to deliver fantastic results again and again. I’ve been using it with metronomic precision for over 15 years and I’ll share with you how to apply it with similar effect.

Benefits

Course Prospectus

Benefits

By learning and deploying the process, the benefits to your business will be:

 

  • A greater certainty of sourcing the right items to the agreed specification

  • Higher quality with less chance of defects or fault service

  • Securing the right quantity to be delivered at the right place at the right time

  • Lower total cost for the material, product or service

  • More engaged and happier business stakeholders

  • The use of less resource

  • A lower risk profile and less need for troubleshooting

  • Suppliers who are more likely to want to work with your business in the future

  • A quicker end-to end  repeatable cycle

 

And the benefits to you will be:

  • Pride in how well you’ve executed the process

  • Much lower stress

  • Positive feedback from your business stakeholders and suppliers

  • Much less of your resource being required

Other Notes

Course Material

Attendees will receive a full training pack containing a summary of content from the day as well as copes of all case studies and group exercises

Trainer

Frost, Procurement Adventurer :)

Course length

1 full day

Location

Typically, clients like to host the training on their own site. I get asked to train all round the World and I'll head to where you'd like to be. From time-to-time I run a course open to people from non-competing businesses in a fixed location.

Cost

The cost will vary depending on a number of factors such as the number of delegates, the number and complexity of categories to address and the follow up involvement you would like. I will quote against your specific requirements. 

Course Approach

The course is a fun and highly interactive day blending theory, many examples and a case study tailored specifically to your business. We will then apply the techniques to several items that you're sourcing. Clients often request a follow up session several weeks later to expand the application of the process to other areas of spend.

Course Level

This course is tailored to those in the earlier part of their procurement  careers from junior procurement experts to procurement managers wanting to refresh some their existing skills.

Sectors covered

The techniques covered work across direct and indirect spend. I tailor the course material and case studies specifically to your portfolio

 

Learning Objectives

By the end of the course you will have a good grasp of the procurement process and be able to apply it to one of your direct or indirect spend categories.  The course will cover how to:

  • Kick off the procurement process with purpose and a clear time plan

  • Define the scope of work and set clear objectives

  • Set objectives and sign them off with stakeholders

  • Defining roles and responsibilities and form a strong sourcing team

  • Capture business requirements and write a robust specification

  • Define the quantity to buy

  • Think through the strategic options

  • Conduct effective product, supplier and market research

  • Create an effective sourcing plan

  • Find, assess, shortlist and choose suppliers and engage them effectively

  • Create and send out tenders and evaluate the responses

  • Close the deal*

  • Agree a roll out plan and trouble shoot if required

  • Manage the supplier post contract

  • Capture learnings for future cycles

  • Adapt the process to different types of spend and scenarios

* Negotiating the deal and creating the contract is covered in separate modules

Client Feedback

For the last few years, I have been coaching the procurement process on the job, as part of day to day operations. Feedback from when I last ran the course as a stand alone module is now out of date. XXX

frost@procurementadventurer.com    +44(0)7967372378