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Principles of Procurement and Supply

Overview

Procurement and supply accounts for 70% of an organization’s profitability, hence the smallest savings in costs do have huge impacts for its strategic operations. This introductory course will thoroughly grant the student a complete understanding of procurement and supply principles, enough so that the individual can begin procuring efficiently and effectively for their employer or even their own business.

Target Audience

This course is ideal for persons who are responsible for the procurement and supply function in any organization as well as small business owners or persons wishing to start their own company or persons interested in knowing about procurement and supply and all the logistics involved in the process.

Course Objectives

Participants will learn about:

1. Introduction into Procurement and Supply Chain Management

    • Defining Procurement and Supply Chain Management
    • Understanding Reverse Logistics
    • Understanding the Procurement Cycle

2. Identification of needs using the Five Rights of Procurement and Supply

    • The Right Quality
    • The Right Quantity
    • The Right Place
    • The Right Time
    • The Right Price

3. The Sixth Right of Procurement and Supply

    • Supplier Selection and Appraisal
    • Understanding Negotiation

4. Sustainability in Procurement and Supply

    • Green Procurement and Green Supply Chains
    • The Triple Bottom Line and the Three Pillars of Sustainability
    • Corporate Social Responsibility
    • Globalization, Climate Change and Pollution
    • Renewable Sources of Energy
    • Leadership in Sustainability

5. Adding Value through Procurement and Supply

    • Defining Value for Money
    • Defining Price, Cost and Total Cost of Ownership
    • The Three E’s
    • Value Engineering/Value Analysis

6. Six Essential Tools for Procurement Professionals

    • Kraljic’s Matrix
    • Supplier Preferencing Model
    • Mendalow’s Matrix
    • Michael Porter’s Five Forces
    • STEEPLE Analysis
    • SWOT Analysis

7. Specifying requirements for Product and Service Specifications

    • Defining Specifications
    • Product and Service Specifications
    • Using Standards

8. Measuring Performance in Procurement and Supply

    • Importance of Data Management
    • SMART, Key Performance Indicators and Targets
    • Supplier Evaluation and Supplier Scorecards
    • Managing supplier underperformance
    • Understanding the Costs of Quality
    • Understanding Cost Management

9. Introduction into Risk Management for Procurement Professionals

    • The Risk Cycle
    • Risk Identification and Analysis tools
    • The Risk Register

10. Introduction into Tenders for Procurement Professionals

    • Tender methodologies
    • Pre-Qualification Questionnaires (PQQs)
    • The Tender Cycle

11. Essentials of Contract Management for Procurement Professionals

    • Defining Contract types
    • Forming Contracts
    • Understanding Representations, Terms and Clauses
    • Common Contract Terms and Standard Forms of Contracts
    • Documentation in Contracts
    • The Contract Register
    • Understanding Dispute Resolution Techniques

12. E-Procurement

    • The E-Procurement Cycle

13. Ethics in Procurement and Supply

    • Defining Ethics and Ethical Behavior
    • Ethical sourcing
    • Procurement Code of Ethics

Course Schedule

Course Offering

Day Time Duration Contact Hours Cost Lecturer
Tuesday 06:00 pm to 09:00 pm 3 weeks 9 hours $800.00 Mr. Wesley Superville

Session - Tuesday (06:00 pm to 09:00 pm)

Session Start Date End Date
Session 1 Tuesday, June 29, 2021 Tuesday, July 13, 2021

Assessment

The course combines a number of teaching techniques including lectures, class discussions and role playing.

Student Support

Facilitator

Mr. Wesley Superville

Mr. Wesley Superville’s passion for Supply Chain Management heralds from 20 years of combined experience in various supply chain functions including Inventory Controller, Purchasing Officer and Materials and Logistics Supervisor in the Oil and Gas, Telecommunications and FMCG industries of Trinidad and Tobago.  A holder of the MCIPS qualification and recent completion of a Master of Business Administration in Logistics and Supply Chain Management, Wesley began lecturing the CIPS program in 2014 at Purchasing Supply and Management Tuition Services under the close mentorship of Mr. Noel Small.  In 2019, he joined the CTS family as a CIPS lecturer and steadfastly demonstrated the tangible aptitude of expertise, compassion and dedication of high-quality support to his students. His deportment is friendly, welcoming and quirky with well-rounded professional experience that affords him to effectively guide his CIPS students both in their academics and careers.

However, as with all iceberg successes, there were submerged challenges and sacrifices which molded him throughout his journey; Wesley began as a laborer at a very young age in the warehouses of local supermarkets. His grassroots beginnings drove him to educate persons about the importance of the CIPS program together with critical role that Warehousing and Inventory Management plays throughout the supply chain, in order to bring understanding, respect and best-practice to the qualification and profession. In a private capacity he does consultation, resume writing and assist jobseekers find employment in different supply chain positions. His mantra? Performance beats ole talk any day! Wesley lets his work performance and student feedback do the talking. His greatest achievement? Continuously striving for humility.

He quotes: “Learning is a continuous cyclical exchange; there is so much to learn from the people I encounter, especially my students. They have a lot to offer, because supply chain management is now everywhere.”

Programme Manager

TBA

Additional Information

Materials and Equipment
A digital workbook will be provided for this course along with a bibliography for research and further reading.

Prerequisites
None

Fees
Fees payable to CTS College Registration Fees & total cost of tuition $800 TTD, payments can be made via credit card, linx or manager's cheque.

We are an ACTT recognised institution and partner with international awarding bodies

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