Venue: Lagos

Other Dates

Venue Date Fee
Lagos, Lagos State, Nigeria 11 - 14 Aug, 2020 NGN195000 Book Now
Lagos, Lagos State, Nigeria 09 - 12 Jun, 2020 NGN195000 Book Now
Abuja, State, Nigeria 10 - 13 Nov, 2020 NGN195000 Book Now
Event Description
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The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipment and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This Procurement and Supply Chain Management Best Practices training explores key concepts forming the basis of procurement and supply chain management and moves through leading edge issues that confront organizations today. How does your organization compare with industry best practices? Learn from world-class organizations that have set the standards and find out how you can enhance your overall value and performance.
Learning Objectives
How your organization compares with best practices in procurement and in creating cost controls to directly affect shareholder value
and economic profit and how to present purchasing savings
How to use technology in the purchasing workflow
What methods are used in planning and forecasting, how to determine cost of capital How to manage and control the process and requirements in handling political and legal issues associated with e-commerce
How to analyses and evaluate supplier performance
How to benchmark and negotiate
Course Contents
World-class procurement: World-class defined; Procurement's position in the organization; Methods used in dynamic planning, forecasting and budgeting; Determining the cost of capital and economic profit; Procurement's role in delivering shareholder value; Presenting purchasing savings and performance; Modelling use in procurement processes
Best practices in procurement systems: Out of paper and into purchasing; Purchasing workflow; Current computer technology; Information databases required; Controls and audit trails; Requisitions, solicitations and purchase orders; Receiving and payment
Best practices in e-commerce: Item master control and coordination; Information encyclopedia; B2B, B2C, B2E incorporated in the three flow processes; Supply chain management, coordination and control; Encryption procession and uses; Political problems; Legal considerations and security; Audit and control requirements; Digital signatures as a key to electronic commerce
Best practices in supplier management: Supplier analysis using cash-flow statements; Supplier certification and performance evaluation
Best practices in operations and negotiations: