Procurement Skills

Learning Objectives

At the end of this workshops, participants will have:

• A detailed overview of the key areas in which procurement professionals must operate.
• Reviewed the key aspects of procurement.
• A better understanding of the business detail in terms of delivering on business objectives, both tangible and intangible.

Course Content:

1.Supply Chain Management:

• • Understand the supply chain process, from sourcing raw materials / products, to delivering finished products / products to customers.
  • Familiarise participants with supply chain optimisation strategies to enhance efficiency and reduce costs.

2.Procurement Strategy:

• • Understand the business’ goals and objectives.
  • Developing a procurement strategy aligned with those overall business goals.
  • Different procurement models (centralised, decentralised and hybrid) and the advantages and disadvantages of each.

3.Contract Management:

• • Gain knowledge of contract negotiation, drafting, and management.
  • Understand legal and compliance issues related to procurement contracts.
  • Develop Joint Business Plans (JBPs)

4.Market Research:

• • Importance of staying informed about market trends, pricing, and availability of products.
  • Conducting market research to identify potential suppliers.
  • Assessing market conditions

5.Ethics and Compliance:

• • Understand why ethical considerations in procurement and supply chain management are becoming more and more important to a business’ reputation.

6.Environmental, Social, and Governance (ESG) Considerations:

• • Stay informed about sustainability practices.
  • Consider ESG factors in procurement decisions.
  • Understand the impact of procurement choices on the environment and social responsibility.
  • How will this impact your business.

Who Should Attend

This workshop is tailored towards anyone with buying/procurement responsibilities in hardware retail stores, builders merchants or agri-stores who are looking to get a better understanding of the Procurement Process and to get the best out of it for their business.

Methodology

This is virtual, Zoom-based workshop which comprises a presentation of theory, discussion and case studies to reinforce learning and implementation of strategies.