CILT Certificate in Advanced Procurement Strategies (CAPS)
5 DaysCILT Certificate in Advanced Procurement Strategies (CAPS)
Course Methodology
This course employs diverse interactive training techniques, including case studies, team exercises, videos, and questionnaires.
Course Objectives
By the end of the course, participants will be able to:
- Analyze procurement spend as a basis for value-driven procurement planning
- Apply collaborative supplier engagement frameworks to ensure a continuous supply of critical items
- Execute sourcing strategies that leverage purchasing power to generate savings
- Apply innovative techniques to swing the nature of demand in procurement’s favour
- Identify the best sourcing strategies for each product category through analysing procurement data
Target Audience
Senior-level procurers, procurement supervisors, category managers, purchasing managers, procurement directors and other experienced supply chain professionals.
Target Competencies
- Strategic sourcing
- Spend analysis
- Value chain analysis
- Supplier relationship management
- Procurement management
- Negotiations
Course Outline
- Spend Analysis and Procurement Planning
- The nature of spend categories
- Profiling spend categories
- Analyzing the financial impact of spend categories
- Assessing sourcing risks
- Supply and demand power dynamics
- Consolidating category reports
- Engaging Strategic Suppliers
- Supplier engagement across the product life cycle
- Strategic alliances and partnerships
- Extracting supplier value for mega projects and high-value acquisitions
- Collaborative revenue-sharing, cost-reduction, and value-creation models
- Shoring models
- Leveraging Purchasing Power
- RFQ management
- RFP (tender) management
- Reordering process
- Blanket agreements
- Procuring through third-parties
- Minimum Quantity commitment
- Volume concentration
- Price-based versus cost-based pricing models
- Total Cost of Ownership (TCO)
- Principled negotiations
- Innovating on the Nature of Demand
- Make-or-buy decision calculations
- Technical specification improvement
- Design simplification
- Design-for-the-supply-chain concept and innovation
- 3D printing on-demand
- Vendor Managed Inventory (VMI)
- Data-Driven Demand Optimization
- Data parameters
- Cost regression analysis
- Spend pooling and standardization
- Decentralized procurement
- Contractualizing bottleneck items
- Supplier fitness programs
Mawred Certificate
Mawred Certificate courses by Al mawred Training & Consulting are designed for those willing to challenge themselves and go the extra distance...
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Classroom Schedule
Virtual Schedule
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