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Schedules Introduction Objectives Training Methodology Who Should Attend? Outline
Course Schedule
Date Format Fees
13 - 17 Nov 2023 Online $3,950
Course Description

Introduction

To maximize value from procurement, we need to combine techniques, with the appropriate tools, techniques and approaches. This Category Management in Procurement online training course will provide you an effective methodology of category management and how this approach can be used in effectively ensuring best in class operations for Procurement Management.

Category management was first used in the retail industry to manage inventory based on profitability and customer segmentation. Now in the other industries, category management is valued as a tool to organize and effectively manage suppliers and the products through application of different principles in the acquisition of inventory.

This GLOMACS online training course will feature:

  • The understanding of procurement, purchasing and buying operations
  • Understanding the different models to categorize suppliers & their products
  • How to use selective inventory management to determine the appropriate category listing
  • Segregating suppliers and manage categories in procurement
  • Understand total cost of ownership

 

Objectives

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

  • Apply a thorough understanding of category management in procurement
  • Identify, analyze, and evaluate procurement opportunities
  • Understand the keys aspects in category management
  • Use tools and techniques to improve organization’s competitiveness
  • Apply the knowledge in procurement and supply chain in organizational improvements

Training Methodology

This Category Management in Procurement online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Who Should Attend?

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:

  • Procurement, buyers and purchasing professionals
  • Those who need to maximise value from procurement and the supply chain
  • Those who need an understanding of the relationships between risk, cost, and service in supply chains
Course Outline

DAY 1

Understanding Procurement and Category Management

  • Definition and understanding procurement and purchasing
  • Definition of category management
  • The evolution of category management
  • Models used in category grouping
  • The aspects to be considered in category groups
  • Managing selective inventory control

DAY 2

Maximising Value and Procurement Excellence using Varied Routes

  • The Procurement Excellence Roadmap (PER)
  • The importance of category management in procurement
  • Value improvement using category management
  • Value adding from categorization
  • Class exercise on category management in procurement

DAY 3

Understanding the Supplier Sourcing and Selection Routes

  • Traditional purchasing revisited
  • Value and risk analysis
  • The model in identifying inventory classification
  • Best price evaluation
  • Understanding collaborative supplier management
  • Supplier Portfolio Analysis (SPfA)

DAY 4

Recognising and Overcoming the Barriers to Category Management

  • Common barriers and challenges
  • Overcoming such barriers
  • Best practice in the implementation of new ideas
  • Managing price sensitive products
  • Economic order quantity
  • Criticality analysis
  • Class work on Selective Inventory Control (SIC)

DAY 5

Category Management and Rethinking the Supply Chain

  • Supply chain futures, predictions and what needs to be done
  • The improvements for re-engineering end to end supply chains
  • Supply chain excellence and shareholder value
  • The steps to supply chain excellence
  • Developing the supply chain strategy
  • Supply chain strategy best practice
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© 2022. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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