Upon completing this procurement certification, participants will be able to: Demonstrate exceptional leadership qualities in procurement Make strategic procurement financial decisions Apply effective negotiation techniques with suppliers Assess the performance of other junior procurement offici
Course Objectives
Upon completing this procurement certification, participants will be able to:
Demonstrate exceptional leadership qualities in procurement
Make strategic procurement financial decisions
Apply effective negotiation techniques with suppliers
Assess the performance of other junior procurement officials
Drive the best and most sustainable procurement strategies
Maintain procurement documents and records of the organization
Target Competencies
Assessing supplier
Negotiation skills
Procurement KPIs
Supplier relationship management
Risk management in procurement
Awareness of international payment methods
Course Outline
Module 1 – Introduction to Purchasing
World class purchasing
The status of Purchasing & Supply Management (PSM)
Creating strategic plans and tactics
Planning procurement strategies & objectives
Module 2 – Logistics & Supply Chain
What is Logistics
Materials & Distribution Management
Reverse logistics
Understanding supply chain management
Value Chain Analysis
Supply Chain & Purchasing
Module 3 – Financial Decisions for Sourcing
What is Price
Buyers role in managing purchase prices
Formulating financial strategies
Supplier Pricing Decisions
Price & Cost Analysis
Standardizing Purchased Materials
Module 4 – International Trade
Ocean Shipping Terminologies
Freight Agents
Methods of Payments (L/C)
Incoterms 2020
Module 5 – Performance & Ethics
Purchasing Performance Evaluation
Purchasing Audit Approach
Benchmarking & Rating
Purchasing Ethics
Ethics issues relating to suppliers
Purchasing & Prevention of Fraud
Module 6 – Risk Management in Procurement
What is Risk
Procurement challenges
Common types of procurement risks
Dual challenges of Risk Management
External & Internal Risk Factors
Currency Risk Management
Steps to Risk Mitigation
Module 7 – Introduction to Contracts
What is a Contract
Essentials of contract
Managing contract compliance
Maintaining procurement documents and records
Blue Ocean Academy is one of the largest training organizations in the MENA region and Indian Sub-continent, driving continuous growth and transformation for more than 25 years, through impactful professional training and consulting services.
Backed by a future-proof and pragmatic approach, we deliver an ever-expanding range of course programs to executives across different industries and sectors to secure a competitive edge amidst every challenge.
Together with our team of program experts and consultants, we are committed to enriching executives and organizations with a truly global experience. Excellence and innovation are the cornerstones defining our unparalleled quality of award-winning services.
Vision
Since inception, Blue Ocean has been driven by the passion to become the leading partner for professional training services in the Middle East.
To become a highly trusted knowledge empowerment enterprise in the Middle East Region by providing quality education and training
To become a key player in associated services like Consulting, Conferences and Talent Management
As we continue to expand our footprint beyond the Middle East, our focus would be to design and deliver an impeccable and unforgettable experience for our customer base.
Mission
Excellence and innovation are at the forefront of everything we deliver. The passion and integrity of our teams drive our mission forward.
To provide world-class, cost-effective value-for-money employment-linked training courses in a relaxed, friendly, accessible multi-cultural environment
To forge and strengthen affiliations with some of the best international professional training institutions
To provide a rewarding and inspiring experience that meet or exceed the Customers’ expectations and gain recognition in Training, Education, Consulting, Talent Management and Conferences
We have embarked on a lifetime journey of excellence, and the passion for offering quality and innovative services to our customers has only become stronger with time.
Values
At Blue Ocean, we are driven by the values of SPIRIT – Service, Passion, Integrity, Respect, Innovation & Teamwork. Blue Ocean manifests these core values in all its processes, to offer product and service excellence, ultimately resulting in empowerment of professionals and businesses.
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