Procurement Planning and Bid Management Training Courses -

Procurement Planning and Bid Management

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Why Attend

Planning is both the most critical and the most challenging phase of any procurement operation. It provides direction towards how the function intends to secure the supply security of the organization. When it comes to bid management, a sound procurement plan will help balance the often conflicting goals of generating savings and satisfying internal customers. In this course, we provide a thorough explanation on how to approach the planning of procurement objectives and initiatives. We delve into the diﬀerent qualitative and quantitative forecasting techniques as they relate to inventory planning and we demonstrate how diﬀerent vendor integration strategies can be applied to help sustain operations and projects.

Course Methodology

This course uses a variety of individual exercises, team exercises, case studies and videos.

Course Objectives

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

Write strategic procurement objectives and initiatives to support long term directions
Arrange 'spend items' into categories that support planning of go-to-market strategies
Apply demand forecasting techniques to improve planning of procurement activities
Generate vendor integration strategies to ensure supply security
Evaluate vendor bids in a scientific manner to support selection decision making

Target Audience

Purchasing and supply chain professionals at all levels of the organization who are involved in planning, sourcing, buying and bid selection activities, as well as personnel who are involved in the purchasing process.

Target Competencies

Procurement planning
Business analysis
Structured thinking
Business forecasting
Inventory planning
Performance evaluation

Associations

Chartered Institute of Logistics and Transport (CILT): Gulf institute is an Approved Training Provider (ATP) in the region for the Chartered Institute of Logistics and Transport (CILT). Established in 1919, CILT is the world’s leading supply chain, logistics and transport professional body with over 33,000 members across the globe. CILT seeks to add value to individual and corporate members by enhancing their knowledge, careers, and businesses by setting, supporting and delivering professional standards and education in the fields of logistics, transport and supply chain. By attending Gulf institute’s CILT accredited courses, participants can earn CPD units as well as attain modular unit award courses that can be combined for international certification

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2019 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me

2020 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me

Fees

Per participant - 2020

USD 4,800

Fees + VAT as applicable

Tax Registration Number : 100239834300003

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Course Outline

Strategic procurement planning
- Setting procurement mission and objectives
- Selection of improvement initiatives
  - Structure-related initiatives
  - Systems-related initiatives
  - Workstreams-related initiatives
  - Culture-related initiatives
- Performance measures and targets
- Communication of procurement plan
- Stakeholder engagement
Spend category planning
- Spend category profiling
- Spend impact analysis
  - Financial impact
  - Vendor segmentation
- Market risk analysis
  - Value chain analysis
  - SWOT analysis
  - Porter’s five forces
  - Risk heat maps
  - Vendor risk scores
- Category report consolidation
Forecasting and demand planning
- The soft side of forecasting
  - Tetlock’s foxes and hedgehogs
  - Taleb’s black swan
- Principles of demand planning
- Quantitative forecasting techniques
- Qualitative forecasting techniques
Vendor integration
- Vendor prequalification process
- Vendor prequalification criteria
  - Legal criteria
  - Financial criteria
  - Technical criteria
  - Staff criteria
  - HSE criteria
- Service Level Agreements (SLAs)
- Strategic partnering
- Supplier diversity programs
Bid evaluation and selection
- Bid management process
- Bid evaluation criteria
- Scoring systems and protocols
- Selection and award
- Total Cost of Ownership (TCO) for complex purchases

Procurement and Supply Chain Management

Training Categories