Transforming a Procurement Function

These learning goals are extremely ambitious. One course covers both the essential and useful approaches used in a transformation project as well as the most recent best practices in procurement. This is not a task for the faint of heart. It takes someone with unwavering resolve, top-tier ability, and talents to lead an organization—or even just a single function—through a transformation.

 

What kind of value has your procurement department produced? How does your procurement performance stack up against that of your peers or industry standards? How should a company start the transformation of its buying process? All of these queries will be addressed and thoroughly discussed.

 

  • Examine how the organization's strategic and competitive advantage is driven by procurement.
  • Determine the areas of their organization's procurement that need improvement.
  • Investigate and properly assess the nature and underlying causes of these procurement discrepancies.
  • Offer workable strategies and techniques to close these procurement gaps.
  • Improve procurement continuously using benchmarks for best practices
  • Experienced Procurement Personnel
  • Senior Procurement Leaders
  • Line Managers
  • Departmental Heads
  • Tendering & Contracts Professionals
  • Consultants
  • Technical & End Users

 

  • Design Transformation Project Governance and Team Structure
  • Identify Stakeholders and create Stakeholders Management Plan
  • Create Risks Mitigation Plan for the Project
  • Formulate Communication Plan
  • Design a One-Page Project Charter
  • Influencing Skills

 

  • Supply Market Analysis
  • Supply Chain Cost Modelling
  • Market Approaches
  • Best-Fit Contracting Strategy
  • Contract Award
  • Contract Initiation
  • Contract Performance Management
  • Contract Close-out

 

  • Analyze the Current State
  • SWOT Analysis
  • Internal and External Evaluation to Identify Performance Deficiencies
  • Tools and Techniques in Decision Making: Decision Trees, Root Cause Analysis
  • Determine Future State

 

  • Linking Corporate and Procurement Objectives
  • World-Class Procurement Performance Benchmarking
  • KPIs to Measure Procurement Performance
  • Typical Procurement Organizational Structures
  • Common Requisition-To-Pay and Contract Management Systems
  • Private and Public Procurement Policies

 

  • Create the Vision & Mission Statement
  • Estimate and break down the Added Value Post Transformation?
  • Compare the As-Is, and To-Be states in People, Process, and Systems
  • Specify the Deliverables and Milestones of the Transformation
  • Calculate the Resources and Time Needed for the Transformation
  • Determine Return on Investment (ROI)

 

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