Savings claimed on inflation and price volatility in procurement at signature are frequently lost during execution. Most procurement disputes about volatility in procurement originate in a specification written too quickly. Field experience suggests that the barrier to better this area of procurement and supply operations is rarely technical. Plans for inflation and price volatility in procurement often fail at the handover point between functions. The programme takes participants through the procurement and supply operations discipline end to end, from framing the problem to closing it out. Sessions alternate between guided analysis of volatility in procurement and supervised application. The course leaves participants able to diagnose weaknesses in inflation and price volatility in procurement before they become incidents. The content is relevant to those who own volatility in procurement and to those who are held accountable for its results. The programme closes with an action plan for the procurement and supply operations capability that each participant writes for their own organisation.
Expected Learning Outcomes
✓
Communicate the purpose of inflation and price volatility in procurement to those who have to comply with it.
✓
Present the case for investment in volatility in procurement in terms that a finance function will accept.
✓
Reduce the working capital tied up in inflation and price volatility in procurement without creating stock-outs.
✓
Build a concise sourcing procedure for volatility in procurement that colleagues can follow without further explanation.
✓
Set inventory policy for inflation and price volatility in procurement: reorder points, safety stock and review cycles.
✓
Build the approval and segregation controls preventing procurement fraud in volatility in procurement.
✓
Build a supplier performance regime covering inflation and price volatility in procurement with real consequences.
Who Should Attend
✓
Engineering and maintenance staff specifying requirements for inflation and price volatility in procurement.
✓
Analysts producing the data on which decisions about volatility in procurement rest.
✓
Inventory controllers managing stock within inflation and price volatility in procurement.
✓
Managers with direct responsibility for volatility in procurement within the supply function.
✓
Internal auditors examining controls over inflation and price volatility in procurement.
✓
Public sector tendering officers applying volatility in procurement under procurement regulation.
Course Modules
Open any module to see its sessions and topics.
01
Inflation and price volatility in procurement: controls, segregation and fraud prevention
2 sessions · 8 points
Session 1Evaluating suppliers on inflation and price volatility in procurement beyond the lowest number
Name a single owner for each element of inflation and price volatility in procurement.
Establish what evidence demonstrates volatility in procurement is under control.
Assign responsibility for keeping documentation of inflation and price volatility in procurement current.
Write down the assumptions underpinning the approach to volatility in procurement.
Session 2The decisions in volatility in procurement that cannot be delegated
Map the handovers in inflation and price volatility in procurement between functions and secure them.
Review whether inventory policy on volatility in procurement still matches actual demand.
Collect evidence on the present handling of inflation and price volatility in procurement before proposing changes.
Define measurable service levels in the contract covering volatility in procurement.
02
Volatility in procurement: sourcing strategy and market approach
2 sessions · 8 points
Session 1Contract terms on volatility in procurement that survive execution
Verify segregation between requisition, approval and receipt in inflation and price volatility in procurement.
Check the delivery terms and customs classification applied to volatility in procurement.
Reduce the variation in how inflation and price volatility in procurement is carried out between teams.
Confirm that contractual obligations around volatility in procurement are understood.
Session 2The hard cases in volatility in procurement and how to reason about them
Identify slow-moving and obsolete stock inside inflation and price volatility in procurement and decide its fate.
Segment spend on volatility in procurement by value and supply risk before choosing an approach.
Prepare the response for the most likely failure in inflation and price volatility in procurement.
Review the audit trail for the last three award decisions on volatility in procurement.
03
Volatility in procurement: specification, requirement and demand
2 sessions · 8 points
Session 1Laying out the warehouse around how volatility in procurement actually moves
Evaluate inflation and price volatility in procurement on total cost of ownership across the full life.
Identify single-source dependencies in volatility in procurement and cost the alternatives.
Set the consequence for failing service levels on inflation and price volatility in procurement, and apply it.
Confirm that reporting on volatility in procurement reaches the people who can act.
Session 2Making inflation and price volatility in procurement work when resources are constrained
Map the physical flow of inflation and price volatility in procurement through receiving, storage and dispatch.
Confirm traceability from supplier to point of use for volatility in procurement.
Anticipate the objections inflation and price volatility in procurement will raise and prepare the answers.
Identify single points of dependency in volatility in procurement and reduce them.
04
Volatility in procurement: supplier performance and relationship management
2 sessions · 8 points
Session 1Writing a specification for volatility in procurement suppliers can price accurately
Draft the minimum viable sourcing procedure for inflation and price volatility in procurement.
Record the rationale for each significant choice made about volatility in procurement.
Agree the escalation route when supply of inflation and price volatility in procurement is disrupted.
Write the specification for volatility in procurement so two suppliers would price it the same way.
Session 2The approval control on volatility in procurement that prevents fraud
Calculate reorder point and safety stock for each item in inflation and price volatility in procurement.
Negotiate payment terms on volatility in procurement without pushing suppliers into distress.
Set escalation thresholds for inflation and price volatility in procurement that work out of hours.
Set the review interval for volatility in procurement and who attends.
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
Complete your registration
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