OrientMCT

OrientMCT UAE - Management Consulting & Training
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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. 

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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

+971 2 6225999

info@orientmct.com