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Planning is both the most critical and the
most challenging phase of any procurement operation. It provides
direction towards how the function intends to secure the supply security
of the organization. When it comes to bid management, a sound
procurement plan will help balance the often conflicting goals of
generating savings and satisfying internal customers.
In this course, we provide a thorough
explanation on how to approach the planning of procurement objectives
and initiatives. We delve into the diï¬€erent qualitative and
quantitative forecasting techniques as they relate to inventory planning
and we demonstrate how diï¬€erent vendor integration strategies can be
applied to help sustain operations and projects.
This course uses a variety of individual exercises, team exercises, case studies and videos.
By the end of the course, participants will be able to:
Write strategic procurement objectives and initiatives to support long term directions
Arrange \'spend items\' into categories that support planning of go-to-market strategies
Apply demand forecasting techniques to improve planning of procurement activities
Generate vendor integration strategies to ensure supply security
Evaluate vendor bids in a scientific manner to support selection decision making
Purchasing and supply chain professionals
at all levels of the organization who are involved in planning,
sourcing, buying and bid selection activities, as well as personnel who
are involved in the purchasing process.
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