Prepare the audit trail for every award decision under value-for-money assessment.
Building Value-for-Money Assessment Models in Purchasing Decisions
Turn value-for-money assessment from a stated policy into a practice your organisation can evidence.
📍 Tripoli🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Warehouse performance on value-for-money assessment is decided by layout and discipline long before technology. Most procurement disputes about the practice within procurement and supply operations originate in a specification written too quickly. The programme uses small-group work so that each participant's treatment of this part of procurement and supply operations is examined, not just described. Field experience suggests that the barrier to better value-for-money assessment is rarely technical. It is pitched for practitioners with responsibility for this area of procurement and supply operations, not for observers of it. Participants leave with a method for the practice within procurement and supply operations, not a set of opinions about it. The result is the confidence to make and defend decisions about value-for-money assessment under scrutiny. What blocks progress on the procurement and supply operations capability is usually unclear ownership rather than unclear intent. The programme ends where implementation begins, with this area of procurement and supply operations broken into steps someone can start on Monday.
Expected Learning Outcomes
Communicate the purpose of value-for-money assessment to those who have to comply with it.
Apply sustainability and ethical sourcing criteria to value-for-money assessment.
Review contracts and agreements for the obligations they create around value-for-money assessment.
Reduce the working capital tied up in value-for-money assessment without creating stock-outs.
Establish escalation routes for value-for-money assessment that work outside normal hours.
Integrate value-for-money assessment with demand forecasting and production planning.
Who Should Attend
Inventory controllers managing stock within value-for-money assessment.
Engineering and maintenance staff specifying requirements for value-for-money assessment.
Contract managers administering agreements covering value-for-money assessment.
Supply chain planners forecasting demand for value-for-money assessment.
Analysts producing the data on which decisions about value-for-money assessment rest.
Public sector officials applying value-for-money assessment within a regulated framework.
Course Modules
Value-for-money assessment: controls, segregation and fraud prevention
2 sessions · 8 pointsSession 1Building lasting competence in value-for-money assessment
- Prepare the response for the most likely failure in value-for-money assessment.
- Identify single points of dependency in value-for-money assessment and reduce them.
- Map the physical flow of value-for-money assessment through receiving, storage and dispatch.
- Assess supplier financial health for critical elements of value-for-money assessment.
Session 2The cost of value-for-money assessment and how to present it
- Decide what will be stopped to create capacity for value-for-money assessment.
- Agree the escalation route when supply of value-for-money assessment is disrupted.
- Arrange the handover of value-for-money assessment so capability survives staff changes.
- Record the rationale for each significant choice made about value-for-money assessment.
Value-for-money assessment: supplier evaluation, award and contract terms
2 sessions · 8 pointsSession 1Proving the savings claimed on value-for-money assessment were real
- Test the procedure for value-for-money assessment against a realistic scenario.
- Validate claimed savings on value-for-money assessment against actual invoiced spend.
- Define measurable service levels in the contract covering value-for-money assessment.
- Identify single-source dependencies in value-for-money assessment and cost the alternatives.
Session 2Choosing the right sourcing approach for value-for-money assessment
- Estimate the resource value-for-money assessment requires to run as designed.
- Confirm traceability from supplier to point of use for value-for-money assessment.
- Agree the smallest change to value-for-money assessment that would be visibly useful.
- Write the specification for value-for-money assessment so two suppliers would price it the same way.
Value-for-money assessment: sourcing strategy and market approach
2 sessions · 8 pointsSession 1The approval control on value-for-money assessment that prevents fraud
- Identify where judgement in value-for-money assessment is legitimate and where it is not.
- Evaluate value-for-money assessment on total cost of ownership across the full life.
- Identify the data already collected that bears on value-for-money assessment.
- Rank the weaknesses in value-for-money assessment by consequence rather than by ease of fixing.
Session 2Contract terms on value-for-money assessment that survive execution
- Define the trigger that would require value-for-money assessment to be redesigned.
- Segment spend on value-for-money assessment by value and supply risk before choosing an approach.
- Verify segregation between requisition, approval and receipt in value-for-money assessment.
- Review whether value-for-money assessment is aligned with the objectives of the supply function.
Value-for-money assessment: continuity, risk and single points of failure
2 sessions · 8 pointsSession 1Writing a specification for value-for-money assessment suppliers can price accurately
- Calculate reorder point and safety stock for each item in value-for-money assessment.
- Check the delivery terms and customs classification applied to value-for-money assessment.
- Review the audit trail for the last three award decisions on value-for-money assessment.
- Establish what evidence demonstrates value-for-money assessment is under control.
Session 2Keeping value-for-money assessment alive after the initial push
- Remove steps in value-for-money assessment that add effort without adding assurance.
- Set the consequence for failing service levels on value-for-money assessment, and apply it.
- Identify slow-moving and obsolete stock inside value-for-money assessment and decide its fate.
- Plan the sequence in which improvements to value-for-money assessment will be introduced.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
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