Certificate of Professional Procurement
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Certificate of Professional Procurement
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The company can spend more than two thirds of its revenue on buying goods and services,which represents around 62% of whole company expenses. So the reduction of purchasing costs,will effect on the profit significantly. Whether the procurement processes doing from a local suppliers or running global supply chains, buying essential services and resources at the right price, particularly in today’s challenging economy, can make or break a business. This program helps you to save much of the money spent when purchasing goods and services from outside.
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- Procurement Foundations:
- Relation between supply chain & procurement management.
- Strategic Sourcing, Procurement & purchasing.
- The financial impact of procurement:
- Impact Of procurement in financial statements
- How to set a procurement budget
- Calculation of total cost of ownership
- Estimated of item cost & supplier’s price
- Case study
- Procurement processes
- Design a complete procurement process
- Ways of receiving of procurement requisition.
- Developing an effective specifications.
- Sourcing types and models.
- Strategic sourcing, SRM & tactical buying
- The main pre-qualifications of suppliers
- Certified Supplier and supplier quality assurance processes
- Ways of supplier selection
- Supplier’s negotiation techniques.
- Contract types and different purchase order forums.
- Payment Terms and documentation
- Case study
- Procurement’s Performance measurements
- Suppliers evaluation processes and Performance Metrics.
- Key Performance Indicators (KPI) For Procurement staff.
- Tools could be apply through procurement processes.
- Case study.
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At program completion participants will be able to
- Understand what is the procurement
- Decide what to buy, when and from what sources
- Explore potential suppliers and develop relationships to get the best offers
- Evaluate the selection of suppliers to better negotiate the contract
- Understand the supply management concept and processes
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- Executives and Professionals who are involved in supply management.
- Professionals seeking in- depth knowledge and understanding of the Procurement.
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- Program Language: English / Arabic
- Program Duration: 40 hours
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Course Features
- Lectures 0
- Quizzes 0
- Duration 50 hours
- Skill level All levels
- Language English
- Students 0
- Assessments Yes