Training:
The Procurement Process
Running a procurement process should be ingrained in us like soldiers' drill on a parade ground – it is one of the fundamental core skills 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.
Tried and tested over many hundreds of direct and indirect sourcing activities, this is a process I've used with metronomic precision for over 20 years.
Suitable for a business critical strategic purchase or a low value tactical buy, I weave the process into your business and ways of working so that it becomes part of your company’s DNA and continues to keep on giving for years to come.
Benefits
Business benefits
A greater certainty of sourcing the right items to the agreed specification
Higher quality with less chance of defects
Securing the right quantity to be delivered at the right place just when you need it
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 now and in the future
A quicker end-to-end repeatable cycle
Personal benefits
Pride in how well you've executed the process
Much lower stress
Positive feedback from your business stakeholders and suppliers
Less of your resource being required
Other Details
To discuss your specific needs or to book this course, contact Frost, Procurement Adventurer:
Phone: +44 (0)7967 372378
Course Prospectus
Course approach:
A fun and highly interactive day blending theory, many examples and a case study tailored specifically to your business.
Course length: 1 day
Trainer: Frost, Procurement Adventurer
Course level:
Tailored to those in the earlier part of their procurement careers, from junior procurement experts to procurement managers.
Sectors covered:
Direct and indirect spend.
Location:
Typically clients like to host the training on their own site, though it can be run virtually by video conference.
Cost:
Depending on your specific needs and on request.
Course material:
Attendees will receive a full training pack containing a summary of content from the day as well as copies of all case studies and group exercises.
What you will learn
By the end of the course participants will be able to:
Kick off the procurement process with purpose and a clear time plan
Define the scope of work
Set objectives and sign them off with stakeholders
Form a strong sourcing team and define roles and responsibilities
Capture business requirements and write a robust specification
Determine 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 suppliers post-contract
Capture learnings for future cycles
Adapt the process to different types of spend and scenarios