Mastering Purchasing and Procurement Fundamentals

Mastering Purchasing and Procurement Fundamentals


Objectives
You will learn how to make the many decisions necessary to identify the best potential suppliers, plus...
  • How to most effectively prioritize requisitions
  • How to decide when to use competitive bidding, negotiation, or both
  • How to successfully conduct competitive bidding using solicitation tools such as RFP's and RFQ's
  • How to use financial and operational analysis to select suppliers with not only the best monetary offer, but also the least risk of failure
  • How to determine whether a contract, purchase order, or other method of ordering is best for a certain purchase
  • How to use follow up techniques to ensure supplier compliance
  • How to close out a transaction with confidence
  • How to prepare for the future of purchasing

Outline

  • Fundamentals of Procurement
  • The Changing Procurement Environment
  • Managing the Procurement Process
  • Process Management (Case Study)
  • Locating, Selective and Managing Suppliers
  • Measuring & Evaluating Procurement Performance

Seminar Details

  • Dates :March 6th - 7th | April 10th - 12th
  • Fee :₦150,000.00
  • Location :Lagos, Nigeria