Transforming The Procurement Function

This transforming the procurement function course will thoroughly address the expected productivity and values of your procurement department, your procurement performance stack against your peers or industry standards and how your company can start the transformation of its buying process.

COURSE OBJECTIVES
At the end of this course, participants will be able to:
Examine how the organization's strategic and competitive advantage is driven by procurement.
Determine the areas of their organization's procurement that need improvement.
Investigate and properly assess the nature and underlying causes of these procurement discrepancies.
Offer workable strategies and techniques to close these procurement gaps.
Improve procurement continuously using benchmarks for best practices.

COURSE OUTLINE
Preparing for a Transformation Project
Design Transformation Project Governance and Team Structure
Identify Stakeholders and create Stakeholders Management Plan
Create Risks Mitigation Plan for the Project
Formulate Communication Plan
Design a One-Page Project Charter
Influencing Skills

Tools and Techniques in E2E Procurement Category Management 
Supply Market Analysis
Supply Chain Cost Modelling
Market Approaches
Best-Fit Contracting Strategy
Contract Award
Contract Initiation
Contract Performance Management
Contract Close-out
 
Conducting a Gaps Analysis 
Analyze the Current State
SWOT Analysis
Internal and External Evaluation to Identify Performance Deficiencies
Tools and Techniques in Decision Making: Decision Trees, Root Cause Analysis
Determine Future State

Understanding the Value Proposition of Procurement to a Corporate 
Linking Corporate and Procurement Objectives
World-Class Procurement Performance Benchmarking
KPIs to Measure Procurement Performance
Typical Procurement Organizational Structures
Common Requisition-To-Pay and Contract Management Systems
Private and Public Procurement Policies

Making a Case for Transformation 
Create the Vision & Mission Statement
Estimate and break down the Added Value Post Transformation?
Compare the As-Is, and To-Be states in People, Process, and Systems
Specify the Deliverables and Milestones of the Transformation
Calculate the Resources and Time Needed for the Transformation
Determine Return on Investment (ROI)
TARGETED AUDIENCE
Experienced Procurement Personnel, Senior Procurement Leaders, Line Managers, Departmental Heads, Tendering & Contracts Professionals, Consultants, Technical & End Users.

No. of Days:

4