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SIM Professional Development

Procurement Fundamentals for Managers

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About the course

Introduction

Effective procurement can contribute significantly to a company’s financial performance and success. This programme takes participants through the end-to-end process of procurement and provides a practical range of purchasing tools and techniques used in procurement.

Benefits to You

Business Outcomes

By having a solid understanding of the key elements of procurement, managers who are involved in procurement can improve the value achieved from supply markets and suppliers for the organisation.

Learning Outcomes

  • Understand the value strategic procurement can add to an organisation
  • Understand concepts of an effective procurement system
  • Apply a set of principles to most procurement activities

Programme Outline

  • Importance and role of procurement
  • How procurement impacts managers
  • Interaction between managers/stakeholders and the procurement function
  • Business needs and specifications
  • Analysing and approaches to supply markets
  • Evaluation techniques
  • Legal aspects of procurement
  • Managing price increases
  • Negotiating with suppliers
  • Managing suppliers and contracts

Who should attend

  • Level 3 - New Managers
  • Level 4 - Managers

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