Certified Purchasing Professional (CPP)
Certified Purchasing Professional (CPP)
Today’s Procurement Isn’t Just About Spending Money. Savvy Procurement professionals understand that Procurement involves so much more than go ogling for potential suppliers, asking them for a quotation and then selecting the lowest-priced quotation presented. First, a person needs to have a Procurement Strategy.
Course Overview
Without a proper Procurement Strategy, doing these things is meaningless. Having a good Procurement Strategy gives you the reason to have a clear formula to follow when it comes to finding, evaluating and selecting suppliers. You regularly have access to what is the latest strategies and tactics working in Procurement.
Learning Objectives
1
To promote recognition and acceptance of professional status for certified people involved in purchasing operations among other areas of business management.
2
To develop performance standards and operational guidelines , which can improve the efficiency and effectiveness of purchasing?
3
To develop and live by a code of ethical standards for purchasing operations under which modern business practices might be more clearly understood and favorably accepted by the public in general.
4
To increase the degree to which the individual gains personal confidence, satisfaction, and pride from direct involvement in purchasing operations.
Course Outline
Day One
A: Role of purchasing management
- Total Procurement Life Cycle introduction
- Linking the purchasing function to the organization’s strategy
- Optimizing purchasing productivity
- Proper buying of materials
- Proper buying of services
- Proper buying of capital equipment- TCO / ROI /Pay Back Period
- Speeding up the production of the final product
- Linking the purchasing function to the other supply chain functions
B: Negotiating with suppliers
- Qualities of a successful negotiator
- Proper planning strategies
- Preparing the right list of questions
- Things to do before the negotiation
- Things to do during the negotiation
- Things to do after the negotiation
- The right time to negotiate with suppliers
- The number of suppliers to negotiate with
- Choosing the right suppliers
C: Managing and evaluating the department performance
- Centralization versus decentralization
- Advantages of centralized purchasing
- Advantages of decentralized purchasing
- Reasons for departmental performance appraisal
- Creating a strong purchasing team
- Distributing the correct workload among the buyers
- Increasing the efficiency of the buyers
- Increasing the team spirit within the department
- Designing and conducting end users surveys
D : What is E-Procurement
- Key steps of the Purchasing Process
- E-Procurement example
- How to use spend analysis to improve your supply chain
- Purchase Order template
- Standard Purchase Order Creation in Oracle Purchasing
- Procure to Pay (P2P)• Source to Pay (S2P)
- Reverse Auction
E: What is Vendor Selection and Performance Management
- Process of Supplier Selection
- Reviewing Supplier Financial Analysis
- Understanding Supplier Preferencing Matrix
- Supplier Relationship Management
- Supplier Rating
- Supplier evaluation mechanism
F: Risk Management in Procurement & Supply
- Understanding Risk in Procurement and Supply
- Reviewing Risk & Monitoring
- Understanding Risk Assessment
- Understanding Risk Management Strategies
Who Should Attend?
This course is ideal for procurement and supply chain professionals who are already working in the procurement department of any organization and need a certification for a promotion or to validate their knowledge and professionalism
Get In Touch!
Contact us for a quote or in case of any urgent queries please send us an email on: info@orientmct.com
we will get back to you right away!
7th Floor – Al Otaiba Tower