The Procurement Engineer: A Guide to Improving Supply Chain Performance

Description:
Procurement is not just a question of getting the best out of your suppliers. Engineers – and other technical professionals whose roles are focused predominantly on procurement – can find themselves pulled in other directions. They must balance the often competing demands of maximising contribution to the corporate strategy while gainfully engaging appropriate suppliers, other members of the company team and one’s own staff.
The course takes a systematic approach, helping you discover how to manage each of four dimensions of procurement.

What you will learn:

• Relationship of buying activity to business plans and priorities
• The need to align the revenue supply chain with the main objectives of corporate strategy
• Characteristics of different supply chains
• The principles of procurement positioning and right-sizing the supply base
• Practical steps to supply base optimisation
• Understanding the contribution suppliers make to the organisation
• How to work together to take cost out of the supply chain
• The steps to effective strategic sourcing
• The elements of effective supplier relationship management
• Principles of contract law
• Contract incentives and how to use them
• Principles of effective negotiation
• Ways to improve joint working in cross-functional teams
• How to design contracts for improved risk management