Strategic Procurement: Insourced and Outsourced Supplier Management

This program is a comprehensive masterclass designed to empower procurement professionals, supply chain managers, and business leaders with the knowledge and strategies necessary to excel in the complex world of supplier relationships. In this masterclass, we will delve into the intricacies of procurement strategy, supplier selection, risk mitigation, and performance optimization. We will explore the key factors that influence the decision to insource or outsource, and we will equip you with the tools to make informed choices that align with your organization's goals and objectives.

Fundamentals of Procurement and Project Management 1. Procurement and Supply Chain Management 2. The Painful truth about the Lowest Cost 3. The Importance of Project Management in Procurement 4. When a Project Lags or Leads and what it means for Procurement 5. Rules to Remember when applying Project Management to Procurement 6. Triple Constraints and how it can effect Procurement Projects Crafting a Procurement Strategy that Works 1. The Ice Cube Model vs the Ice Cube Model 2. Mind Mapping Procurement Projects 3. Five Steps to Crafting a Workable Procurement Strategy? 4. How to Align your Strategic Sourcing Strategy to match the Corporate Vision? 5. How to Create the Right Process using the BEST Technology to support your Strategic Sourcing Strategy? 6. Team Breakout Exercise How to Prioritize Smart Spending to Align with the Corporate Vision 1. After the Spend Analysis – Stakeholders, Steering Committee (RACI and PARIS) 2. Carrying out a Proper Supply Market Profile 3. Carrying out a Requirements Analysis 4. Using the Right Leveraging Strategy to get the Best Pricing 5. Taking the Steps to Determine whether to or NOT to Outsource 6. The Out Sourcing Strategy 7. Team Breakout Exercise Ensuring the Right Resources are Available to help with PLAN Execution 1. Carry out a Break-Even Analysis 2. Measuring Supply Chain Risks 3. Total Cost of Ownership – Competing Factors 4. Team Breakout Exercise How to Properly Integrate Sales and Marketing to Enable Customers Needs are Met 1. The Process of Improvements – Getting Involved with Sales and Marketing 2. Having the Right Point of Sales 3. Integrating Suppliers with Customer Systems 4. The Service Factors and How we Utilize Them 5. How do we Present the Finished Plan to Management? 6. Carrying out a Risk Benefits Analysis using the Kraljic Matrix 7. The Roll Out Plan 8. Team Breakout Exercise Procurement Management and the Procurement Process 1. What Really is Procurement Management and Where Does it Fit 2. Seven Step Shortcut to Strategic Sourcing 3. The Weighted Point Method 4. Team Breakout Activity 5. Eight Rules of Cost Savings 6. Strategic Procurement Principles 7. Transition Planning 8. Base-lining to be in step with Strategic Procurement Processes The Tender Process – Maintaining Service Levels 1. The Tender Process SMART 2. Steps Leading to Tender Evaluation Criteria 3. The Processes you NEED to Follow 4. The 18th Camel – When there is NO Solution - Find ONE 5. Supplier Selection Criteria Just in Time Inventory and Delivery 1. Scheduling Small LOT Sizes – The TRUE Meaning of the KANBAN 2. Vendor Surveys – Where the Supplier is Viewed as the CLIENT 3. Contract Life Cycle Management 4. Final Remarks & Training Evaluation