Understanding the Procurement Management Principles
Details
The development and implementation of carefully crafted strategies for the acquisition of all goods, equipment, and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This workshop explores key concepts forming the basis of strategic procurement and more through leading edge issue that confront the purchasing organization today.
Outline
General Principles of Procurement
· The role of purchasing
· Stages of the purchasing process
· The impact of e- purchasing and internal relationships
· Communications
Financial Analysis
· Management of working capital
· Cash flow forecasting
· Capital expenditure and revenue expenditure
· The danger of overtrading
Legal Aspects of Purchasing
· Contract and sale of goods law
· Sources of purchasing law
· Law applicable to purchasing
· Overview of other significant laws and legislations
Negotiation
· The negotiation process
· Successful behaviors
· Selected strategies and tactics
· Role plays to develop skills
Exploring and Developing Terms and Conditions
· The form and structure of contracts
· Performance incentive clauses
· Risk allocation clauses
· Specimen contractual terms.
FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.