Procurement Powerhouse: The beginner’s guide

Welcome to the Course: Procurement Powerhouse : The beginner's guide.

You are at the right destination to structure and bootstrap your career in the Exciting World of Procurement.       

Procurement function plays an important and vital role in the overall business spectrum and operations of an enterprise, adding value and maximizing savings for the organizations. Organizations must recognize Procurement as Value partner. The Strategic Value in Procurement performance delivery is much beyond Budget controls, Negotiations and Savings. It is about Process ownership, Quality of your service, Innovation mind set, People engagement, Ability to provide valuable and timely insights to stakeholders, collaborating with stakeholders and aligning with cross-functional teams to achieve joint goals and adherence to commitments and Service Levels (SLA). This is possible only through a systematic training, mentoring and active engagement with industry peers and loads of passion supported by time investment in the subject.       

This course gives high emphasis on processes, practices, optimization approach and finally the behavioral approach of Procurement or the Procurement leadership that helps to build credibility on a platform of knowledge, skills, commitment, ethics and integrity. To achieve the goal of building a career on a sound foundation of knowledge of Procurement spectrum, skills, categories, processes and virtues, course covers provides valuable inputs at the right time to the aspiring students and make the most of their Procurement journey, by learning about :       

• Definitions and positioning of Procurement  

• Founding Pillars of Operations and Procurement that define the procurement spectrum  

• Roles and responsibilities of a Procurement function, popular operating Models and sufficient glimpses  of various categories within multiple sectors  

• Procurement Processes, Systems and Practices, work flows and control disciplines  

• Core procurement skills required to managed procurement and grow in to a subject matter expert  

• Core theme of Strategy development and Procurement Planning, pressing on the importance of deriving linkage between demand and supply, market conditions and Supply Risk Management and Material or Service Planning in with reference to the context of  Manufacturing, Services and Project Execution  

• Ways to estimate costs accurately and importance of price tracking, leveraging information and relationships  

• The most important procurement capability called Sourcing with focus on Strategic Sourcing  

• The implementation stage covering  Order and Contract management elaborating documentation requirements, supply management concepts and stakeholder management  to effectively drive home the benefits of cost partnership and supplier development  

• Benefits of optimizing procurement processes and elevating procurement performance levels to world class organisations to drive home the advantage of functional efficiency, improved resource management, enterprise wide visibility and higher productivity  

• Vital and long term development thoughts on developing the virtue of procurement leadership  and making integrity, process ownership and control and collaboration, the pillars of your success and integral part of your profession and culture.       

This course has been carefully constructed by stitching the above components of Procurement, thus making it a thought based knowledge enhancing guide rather than a technical reference guide. The conceptual explanations and examples have been included based on the trainer’s vast experience in multiple sectors namely Manufacturing, Business Process Outsourcing, IT Services Procurement, e-Commerce, Media and Infrastructure. An honest attempt has been made by bringing references from Service, Manufacturing and Projects sector procurement practices to familiarize students with many possible scenarios to help them in enhancing their skills, link the studied concepts to real time practices, analyse the gaps in between standard practices and scenarios under which the different on ground approaches may have been implemented. The course also guides the students to valuable resources and pressing on the importance of enhancing the procurement career prospects by time investment, continued efforts in applying the knowledge and gain practical experience.