Set inventory policy for procurement performance indicators: reorder points, safety stock and review cycles.
Procurement Performance Management Using Measurement Indicators
Practical training in procurement performance indicators, grounded in real cases and applied to your own operation.
Course Overview
A supply chain is only as reliable as the least visible link inside procurement performance indicators. Warehouse performance on the practice within procurement and supply operations is decided by layout and discipline long before technology. Most organisations already have a policy on the procurement and supply operations capability; far fewer can show it working. The programme is built to be used, and every section of procurement performance indicators it covers ends in something applicable. Participants develop a defensible line of reasoning for the choices they make about this area of procurement and supply operations. The programme uses small-group work so that each participant's treatment of the practice within procurement and supply operations is examined, not just described. It is written for people who have to make procurement performance indicators work with the resources they already have. Field experience suggests that the barrier to better the procurement and supply operations discipline is rarely technical. Participants finish with a short, specific brief on this aspect of procurement and supply operations ready to put in front of a decision maker.
Expected Learning Outcomes
Select indicators that show whether procurement performance indicators is improving, and reject those that only look useful.
Prepare a short, evidence-based briefing on procurement performance indicators for senior management.
Write a specification for procurement performance indicators that suppliers can price without guessing.
Establish escalation routes for procurement performance indicators that work outside normal hours.
Build the approval and segregation controls preventing procurement fraud in procurement performance indicators.
Integrate procurement performance indicators with demand forecasting and production planning.
Who Should Attend
Public sector officials applying procurement performance indicators within a regulated framework.
Internal auditors reviewing how procurement performance indicators is designed and operated.
Logistics and distribution staff moving material in procurement performance indicators.
Supplier relationship managers developing partners in procurement performance indicators.
Finance staff reviewing spend and working capital in procurement performance indicators.
Procurement and category managers responsible for procurement performance indicators.
Course Modules
Procurement performance indicators: controls, segregation and fraud prevention
2 sessions · 8 pointsSession 1Escalation and decision rights in procurement performance indicators
- Agree the smallest change to procurement performance indicators that would be visibly useful.
- Distinguish symptoms from causes when procurement performance indicators underperforms.
- Agree the escalation route when supply of procurement performance indicators is disrupted.
- Map the physical flow of procurement performance indicators through receiving, storage and dispatch.
Session 2Releasing working capital trapped in procurement performance indicators
- Build the internal briefing that explains procurement performance indicators to those affected.
- Verify segregation between requisition, approval and receipt in procurement performance indicators.
- Build the competence framework that supports procurement performance indicators.
- Set escalation thresholds for procurement performance indicators that work out of hours.
Procurement performance indicators: inventory policy and working capital
2 sessions · 8 pointsSession 1Documentation and customs treatment for procurement performance indicators
- Confirm traceability from supplier to point of use for procurement performance indicators.
- Identify where judgement in procurement performance indicators is legitimate and where it is not.
- Review the audit trail for the last three award decisions on procurement performance indicators.
- Collect evidence on the present handling of procurement performance indicators before proposing changes.
Session 2The approval control on procurement performance indicators that prevents fraud
- Remove steps in procurement performance indicators that add effort without adding assurance.
- Confirm that contractual obligations around procurement performance indicators are understood.
- Define the trigger that would require procurement performance indicators to be redesigned.
- Calculate reorder point and safety stock for each item in procurement performance indicators.
Procurement performance indicators: supplier performance and relationship management
2 sessions · 8 pointsSession 1Laying out the warehouse around how procurement performance indicators actually moves
- Identify the data already collected that bears on procurement performance indicators.
- Check that procurement performance indicators still works when volumes rise unexpectedly.
- Compare the cost of procurement performance indicators with the cost of its absence.
- Review whether inventory policy on procurement performance indicators still matches actual demand.
Session 2Setting reorder points and safety stock for procurement performance indicators
- Evaluate procurement performance indicators on total cost of ownership across the full life.
- Set the stock count cycle for procurement performance indicators and act on discrepancies.
- Validate claimed savings on procurement performance indicators against actual invoiced spend.
- Define measurable service levels in the contract covering procurement performance indicators.
Procurement performance indicators: supplier evaluation, award and contract terms
2 sessions · 8 pointsSession 1The cost of procurement performance indicators and how to present it
- Identify slow-moving and obsolete stock inside procurement performance indicators and decide its fate.
- Segment spend on procurement performance indicators by value and supply risk before choosing an approach.
- Check that records of procurement performance indicators answer the questions likely to be asked.
- Negotiate payment terms on procurement performance indicators without pushing suppliers into distress.
Session 2Keeping procurement performance indicators alive after the initial push
- Check the delivery terms and customs classification applied to procurement performance indicators.
- Write the specification for procurement performance indicators so two suppliers would price it the same way.
- Confirm that those complying with procurement performance indicators understand why it exists.
- Prepare the response for the most likely failure in procurement performance indicators.
Choose the package that suits you
Silver Package
At least 3 people
- 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
- 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
We will contact you within one business day to confirm.