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Effective Procurement (Part 3) – Supplier Management

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  Given today’s competitive nature of business, it’s critical to ensure that an organization’s procurement practices are effective and efficient. Currently, there is a growing trend to engage suppliers more and more while the organization focuses on its core competencies. However, is it possible for the suppliers to provide oragnizations with competitive advantage? This question is examined in this workshop amongst other critical procurement questions.   How to segment my suppliers based on their unique offerings and needs? -           Creating supplier matrix (identifying organization’s needs versus supplier offerings) -           Determining relevant KPIs and performance tracking -           Outlining organization’s strategic objectives and collaboratively identifying opportunities for both parties – the organization and the supplie...

Effective Procurement (Part 2)

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  When making decisions whether to acquire goods and services from suppliers or use internal resources to achieve the same results, there is specific comparative analysis that needs to be conducted. This course will help ensure that your team is skilled in conducting this type of analysis and can apply financial leveraging strategies, as required.   Performing make-or-buy analysis -           Establishing exact needs, including volume or frequency of service -           Determining if buying or outsourcing is viable (tools to comprehensively consider suppliers’ skill set, equipment, experience) -           Determining if making internally is viable (methods to assess in-house skill and experience level) -           Common practices in assessing quality considerations   Performing...