Evolution of Procurement & the Supply Chain Landscape

Objective: Explore the historical evolution of procurement from the 1900s to the modern day, delve into the paradigm shifts, and understand the influence of global trends, like eProcurement, that continue to shape procurement practices.

Content Covers:

  • Procurement Competencies: Technical, Internal & External Enterprise, Interpersonal, and Strategic Business Skills

  • The changing dynamics and future disruptions in procurement.

  • The global currents shaping contemporary procurement strategies.

Outcome: Gain insights into the revolutionary journey of procurement, from increased globalization to anticipated future disruptions.

Implementation of Procurement Policies:

Objective: Develop a comprehensive understanding of the principles, standards, and policies shaping sourcing practices and enhance application skills in sourcing activities.

Content Covers:

·         Ethical Business Conduct Guidelines, Fairness, Conflict of Interest Policies

·         Corporate Sustainability and Business Continuity Planning

·         Understanding and applying sourcing laws and rules.

Outcome: Ability to aptly apply procurement standards and principles, recognize areas needing guidance, and ensure fair dealings with customers/suppliers.

Optimizing Procurement Practices:

Objective: Engage with the fundamentals of policy application and review standard operating policies and procedures to suggest improvements. Explore the Purchase Requisition to Purchase Order cycle times and enhance ways of working.

Content Covers:

  • Reviewing and enhancing Standard Operating Policies and Procedures

  • Evaluating and suggesting improvements to working methodologies.

  • Articulation of basic policies and staying abreast with the latest policy revisions.

Outcome: Equip participants with the skills to articulate policies effectively to suppliers, stay updated on policy revisions, and suggest meaningful improvements.