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Improving and Measuring Your Procurement Performance

img by Golden Masters for Training & Consultancy

This course will teach participants objective practical ways to monitor, evaluate, audit and thus control and manage different aspects of procurement performance and compliance. It also demonstrates a range of management controls and procurement best practice techniques that will uncover corruption.

AED 17000

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img Duration

5 days

Course Details

Course Objective


This course will teach participants objective practical ways to monitor, evaluate, audit and thus control and manage different aspects of procurement performance and compliance. It also demonstrates a range of management controls and procurement best practice techniques that will uncover and minimize corruption.


Course Certificate


Masters certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.


Who Should attend?


- Procurement, Buyers and Purchasing Professionals

- Stock, Logistics, Warehouse and Distribution Personnel

- Owners and operators of companies with supply operations

- Those who need to understand the relationships between cost, service and productivity in-supply operations

 

Course Outline


Session 1: Understanding Costs


• Fixed, variable and marginal costs

• Overheads, direct/indirect, prime and marginal costs

• Job, batch, contract and process costing methods

• Absorption, marginal and opportunistic pricing

• Depreciation of assets

• Break-even analysis

• Cash flow analysis

• Activity based costing


Session 2: Financial aspects in the Supply Chain


• Total cost of ownership/Total acquisition costing/Whole life costs

• Investment appraisals

• Cost benefit-analysis techniques

• Capital expenditure analysis ( Payback, DCF, NPV)

• Capital purchase options ( buy or lease or rent)

• Pricing options for products/services (open/closed costing)


Session 3: Understanding Productivity


• Utilizing resources

• Productivity of processes and methods

• Performance of outputs

• Method study

• Work study

• Time studies


Session 4: Developing Internal/External Customer Service


• Customer requirements

• Meeting the requirements

• Customer service measurements

• Working with the internal customer

• Trade offs between costs and service

• Trade offs between productivity and service


Session 5: Making Business Improvements


• Positively effect key financial drivers

• Increasing throughputs

• Reducing inventory

• Reducing costs and operating expenses

• Using improvement models

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Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

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  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai
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