Effective Purchasing, Tendering & Supplier Selection

A Project Management Institute, Inc. (PMI)®Registered Training Course

Effective Purchasing,
Tendering & Supplier Selection

Creating the Supplier Relationship

Scheduled Dates

Classroom

29 Apr - 03 May 2024 Dubai - UAE $5,950 RESERVE A SEAT
01 - 05 Jul 2024 Amsterdam - The Netherlands $5,950 RESERVE A SEAT
16 - 20 Dec 2024 Dubai - UAE $5,950 RESERVE A SEAT
28 Apr - 02 May 2025 Dubai - UAE $5,950 RESERVE A SEAT

Course Description

Introduction

This five day intensive training course on Effective Purchasing, Tendering & Supplier Selection is aimed at developing and furthermore strengthening the understanding of the crucial role played by the supplier in delivering customer service excellence through an effective supply chain.

Participants will learn how to evaluate the performance of both potential and current suppliers as well as assessing the factors that comprise an effective tender. 

The course will also cover effective negotiations that bring long term value to the organisation.

The key highlights of this GLOMACS Purchasing, Tendering & Supplier Selection training course are:

  • Planning
  • Tendering
  • Communication and Negotiation
  • Supplier Management
  • Measuring Performance

Objectives

This Purchasing, Tendering & Supplier Selection training course intends to achieve an improvement of the knowledge and understanding of the delegates; by the end of this training course you will learn to:

  • Identify and reduce procurement risk through development of a plan of action
  • Enable improved performance from your existing suppliers through evaluation and performance measurement
  • Understand and strengthen your supply chain
  • Award contracts on the basis of measured performance / criteria
  • Provide a working understanding of the Negotiation process

Training Methodology

This training course will combine interactive presentations, case studies, participant activities and exercises to maximise the impact of the learning experience.  Delegates will have ample time to consider the ideas and apply the skills discussed.

This Effective Purchasing, Tendering & Supplier Selection training course will cover both practical and theoretical aspects of purchasing.

Organisational Impact

The organisation will benefit by:

  • Improve the performance of established suppliers
  • Deliver materials and services at reduced cost and increased value
  • Raise the profile of purchasing within the company
  • Retain money within the company through more productive negotiations
  • Improve the professionalism of those within the purchasing function
  • Drive improvement through identifying current problems and weaknesses

Personal Impact

As a result of this GLOMACS training course, delegates will:

  • Understand the fundamental tools of effective purchasing
  • Operate with increased confidence when dealing with suppliers
  • Manage internal relationships more effectively
  • Better deliver improved negotiated outcomes
  • Use measurement as a key tool in driving supplier improvement
  • Understand the key elements of a well-structured tender

Who should Attend?

This GLOMACS Purchasing, Tendering & Supplier Selection training course is suitable for:

  • Purchasing Professionals
  • Those involved in defining the specification and evaluating supplier performance
  • Those involved in preparing and analysing bids
  • Those with an involvement in supplier relationships
  • Those whose role involves negotiation with outside agencies

Course Outline

DAY 1
What is the Role of Purchasing in the Company?
  • Introduction to Purchasing and its Contribution to the Organisation
  • Purchasing Process and Cycle of Procurement
  • Positioning Purchasing within the Company
  • Vision, Mission and Value of Purchasing
  • Where to find Performance Improvement?
DAY 2
Developing the Purchasing Strategy
  • Developing Purchase Agreements
  • Importance of being involved in Creating the Specification
  • Supplier Selection Methodology
  • Criteria for Pre-qualifying Suppliers
  • Integrating the Supplier Selection Process
DAY 3
Selecting the Right Supplier & Evaluating Performance
  • Conditioning the Supplier to Meet Your Requirement
  • The Total Cost Approach to Purchasing
  • Analysing Cost
  • Analysing Value
  • Life Cycle Costing
DAY 4
Tendering and Analysing The Bid
  • Process Needs
  • Types of Tender
  • Electronic Commerce / E Auctions
  • Evaluating a Bid Objectively
  • Methods of Payment
DAY 5
Negotiating the Contract and Preparing a Plan of Improvement Action for Purchasing
  • Defining Negotiation
  • The Tools of the Negotiation Process
  • Phases of a Negotiation
  • Obstacles to Effective Negotiation
  • Evaluating Performance Gaps

Certificates

  • On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Providers and Associations

ENDORSED EDUCATION PROVIDER

GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

IN ASSOCIATION WITH
PetroKnowledge
PetroKnowledge
Oxford Management Centre
Oxford Management Centre
KC Academy
KC Academy

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