Total Procurement Transformation & Solutions
Programme Overview
Many companies are now spending a larger percentage of their revenue on products and services than they were thirty years ago. Most manufacturers spend around 60% to 70% of their revenue on the supplies that are necessary to keep their business running. Companies are now looking for ways to boost their bottom line through non-traditional approaches. Cutting cost and cringing on spending is no longer the only way out of the morass. New ways must be found, tested and implemented.
Transforming the procurement function requires commitment of management, a rethinking of strategies, a changed approach to concepts, and adoption of new ideas. Challenging, as it may, the approach calls for a total rethink of our past and chart a new pathway to procurement success. It consumes a lot of time, entails breaking down barriers between internal groups, demands a new approach to suppliers, and requires significant investment in resources like people, training, analysis, measurement, technology, and suppliers.
To make a significant impact to the organisation’s future success, procurement’s contribution must be reviewed for lethargy, malaise and inefficient practices. In this course, we will look at some of these problems, understand how to resolve critical issues and pave new pathways to old problems.
Programme Objectives
- Describe transforming procurement from a cost center to value creation.
- Show deep understanding of cost drivers.
- Explain supplier relationship and performance management.
- Practice using technology in transforming procurement.
- Begin to understand spend management and data analytics.
- Moving away from silo thinking to enterprise success.
- Engaging in progressive procurement practices and tools to drive results.
Who Should Attend
- Procurement Staff
- Purchasing Staff
- Supply Chain Staff
- Warehousing Staff
- Inventory Control Staff
- Planning and Materials Professionals
- Suppliers
- Contractors
Methodology
- Face-to-face
- Lecture, group discussion, and etc
Programme Dates
| Date | Time |
| 9 – 10 September 2024 | 8:30 am – 12:00 pm 1:30 pm – 5:00 pm |
Your Investment
| Package | Stakeholder | Non Stakeholder |
| Normal Price | $ 3,500 | $ 3,700 |
Download Brochure Here