Most Procurement Operations have the objective of becoming or maintaining World-Class status. World-Class Purchasing operations target significant annual cost improvement, bringing significant strategic value to their organizations and strong recognition to the function and those in it. Yet according to many studies most organizations must significantly improve their supply management operations in order to provide the continuous improvements needed to win and earn profits in today's very competitive market place. This seminar is designed to explore the practices generally viewed as leading to World-Class performance in purchasing so that participants can determine where they are now and begin immediate implementation of the steps needed to create maximum total value for their organization. This program combined with Supply Management Fitness Review II present excellent skill sets for dramatic improvement in Supply Management.
By attending this event, YOU will
What's in it for your organization?
The organization will benefit by
What's in it for you?
Attendees will gain by participation in this program as a result of:
Who Should Attend:
Session 1: Setting the Direction for World Class Purchasing
Small Group Exercise: Establishing the Procurement Mission.
Session 1 establishes the importance of the function and the need for it to emerge as a core competency of the organization.
Session 2: Purchasing Skill Sets
Small Group Exercise: The group will discuss a case related to a ethics issue and formulate a recommendation.
Session 2 is focused of the realization that functions cannot perform better than their people and that world class performance in procurement activities requires highly trained competent professionals with high ethical standards.
Session 3: Measuring our Performance
Individual Exercise: Develop a company Purchased Price Index.
Session 3 is in recognition of the often quoted fact that it is difficult to improve what is not measured.
Session 4: Strategic Sourcing
Group Discussion: How to better structure your time so that you grow from just being a "Getter" to a true procurement expert.
Session 4 identifies that purchasing personnel must move from the tactical focus of most purchasing operations to a much more strategic focus that brings continuous improvement to the bottom line of the organization.
Session 5: Advancing Supplier Relationships
Group Discussion: We will discuss the various ways the attendees currently measure supplier performance.
Session 6 explores the best practices in supplier selection, performance measurement, and developing and maintaining good supplier relationships.
Session 6: Best practices in Procurement Process
Group Discussion: Where to go from here? — how to make it happen.
Session 6 looks at many of the steps in the procurement process and identifies the practices that generally lead to world class performance.