ΠΕΡΙΓΡΑΦΗ

In the dynamic and increasingly complex world of business operations, the efficient and strategic management of procurement and supply chains is crucial for organisational success. 

This course provides a comprehensive overview of procurement as a vital business function. Participants will gain deep insights into how organisations can achieve optimal integration of the 5 M’s of management: Machines, Manpower, Materials, Money, and Management, with a particular focus on procuring materials at the right time, in the right quality, and at an acceptable total cost. 

Strategic procurement is the cornerstone of efficient supply chain management.  It ensures that materials flow smoothly into production processes, enabling organisations to meet customer demands without unnecessary delays or costs. This course emphasises the importance of sound procurement practices, from supplier selection and pricing to inventory management and government regulations.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the course, participants will be able to:

• Describe the meaning of procurement and supply management and its role in the broader organisational context.
• Identify key functions of procurement such as supplier selection, inventory management, and pricing.
• Evaluate quality assurance and supplier performance to ensure procurement meets organisational standards.
• Understand government procurement processes and regulatory requirements.
• Negotiate procurement deals effectively and manage supplier relationships.
• Implement strategies for inventory management and effective expediting of orders.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The programme is suitable for:

• Procurement professionals
• Supply Chain Managers
• Contract Administrators
• Operations Managers
• Business Owners,
• Finance Managers
• Project Managers
• Professionals transitioning into procurement or contract management roles

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Part 1

• The Conceptual Framework and Objectives of Procurement and Supply Function
• Procurement Cycle and the Internal Organizational Relationship
• Purchasing Organization and Concept of Centralization and Decentralization of Purchasing Authority
• Quality Assurance Activities
• Supplier’s Selection Activities

Part 2

• The Purchasing Function
• Purchasing Guidelines, Terms and Terminologies
• General principles of entering into contracts
• Supplier’s Selection Activities
• Pricing Procedures in Procurement and Supply Function

Part 3

• Modes of Purchase, Receipt and Opening of Tenders
• Managing Procurement Activities
• Purchasing Practice and Methods (I)
• Purchasing Practice and Methods – (II)
• Management of Inventory
• ABC Analysis: The 80-20 Concept

Part 4

• Negotiated Procurements
• Expediting or Follow-Up of Order
• Buying Internationally
• Managing Purchasing Activities
• Delivery Period, Terms of Delivery, Transportation, Transit Insurance, Delay in Supply

Training Style 

This course employs a blended learning approach, combining theoretical knowledge, practical applications, and interactive learning methods to ensure a comprehensive understanding of strategic procurement and supply management principles. 

The training style is designed to cater to different learning preferences and ensure that participants not only grasp key concepts but also develop the skills to apply them effectively in real-world situations.

CPD Recognition 

This programme may be approved for up to 35 CPD units in Personal and Professional Development. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.