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.
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
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.
Masters is also an approved vendor from KHDA & ILM
Acquire essential knowledge and skills to enhance your career in Purchasing & Procurement in any Industry.
Learn about the main components of the CPPM qualification exam such as purchasing & strategy development, purchasing consulting and management, essentials of international trading & much more.
This Prestigious qualifications levels are regulated internationally to ensure recognized, professional standards in procurement and supply. CIPS Level 5 Advanced Diploma in Procurement and Supply is a vocationally related professional qualification.
This advanced certification will give you comprehensive knowledge, understanding and skills in procurement and supply. Some of the core areas covered here include Procurement and Supply Operations, Procurement and Supply Environments etc.
Prepare for CPP exam in this comprehensive learning course that focuses on all the core topics of CPP. It will help you stay clear in the limelight of purchasing & procurement field with a valuable certification and skills.
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