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Procurement Reverse Auction processes

Procurement Reverse Auction processes will familiarize you with the international Strategic Procurement and Reverse Auction Management standards in business. The demand of expertise and professional Strategic Procurement and Supply Chain Management personnel is increasing day-by-day, so what is your ranking today?

It has now been established without any doubt whatsoever that lean supply chains and efficient procurement systems lead directly to increased bottom line profits.

Leading edge companies which successfully gain competitive advantage and which are able to implement immediate cost savings, are those which possess knowledgeable and skilful Procurement and Reverse Auction Management professionals

Upon completion of this course, participants will be able to

  • Provide a working definition of value
  • Compare the various perspectives of value and understand that supply chain management enables companies to manage the trade-off between these perspectives
  • Identify the three ways to measure value: operational, customer, and financial
  • Explain the causes of non-value-added procurement activities
  • Understand that reverse Auction increase net value by increasing value-added activities as well as minimizing non-value-added activities
  • Identify how procurement creates net value according to the three ways of measuring value.

Course Content

  1. Introduction to Supply Chain Management                                                                 
  • The Supply Chain Management perspective
  • Difference between Procurement and Purchasing Processes                      
  • How the process works for both Product and Service sectors
  • The role of Procurement in the Supply Chain
  • Types of Procurement Management methods
  • Being customer focused in the procurement chain   
  • Reverse Auction Management                                                                                  
  • Actual process of the Reverse Auction chain
  • Major functions of Reverse Auction in the Supply Chain
  • The Reverse Auction Structure
  • Reverse Auction underlying Principles- the 4Cs
  • Reverse Auction Management
  • The Bullwhip Phenomenon                                                                                 
  •  How smart are you?                                                           
  • Top 10 mistakes in Strategic Procurement and Supply Chain Management
  • Supply Chain Management Systems designs and Structuring
  • Buyer and Seller development System 
  • Strategic Procurement Forecasting techniques
  • Tactical Procurement Forecasting Techniques
  • Operations Procurement Forecasting Techniques                                                                                                           
  • Supply Chain Management and Procurement Stakeholders Management for effective results                         
  • Elements of stakeholders Management
  • Understanding the Politics of Strategic Procurement
  • Stakeholders Analysis
  • Stakeholders Planning
  • Stakeholders Priotization techniques
  • Procurement Business process Management                                                    
  • Procurement Management Planning
  • Strategic Alignment for the Procurement Professional
  • Procurement & Reverse Auction  detailing technique
  • The Work Structure of Procurement & Reverse Auction
  • Planning work conversion method
  • Reverse Auction Implementation  technique
  • PM  Financial Management
  • Budget development structuring
  • PM  Master Budgeting
  • PM Financial Performance management                                                                                         
  • Procurement  Risk Management                                                            
  • Procurement  Risk Auditing
  • Procurement Risk Priotization and Categorization
  • Procurement Performance Management
  • Introduction to Procurement & Reverse Auction Electronic technology
  • E- Reverse Auction Management/Strategic Procurement
  • ERP usage via Sage, J.D Edwards, SAP, Microsoft Dynamics e.t.c
  • Web based Reverse Auction Systems Management
  •  E-Sourcing
  • E-Tendering
  • Centralized Procurement
  • Decentralized Procurement
  • Whole Life Procurement (TCO)
  • Reverse Auction Bidding
  • Common mistakes in Procurement Management and solutions
  • Procurement Cycle
  • Requirement to purchase
  • Plan the process
  • Prepare the documentation
  • Identify possible suppliers
  • Issue/Receive back the tender/quotation documentation
  • Evaluate the submissions
  • Negotiate
  • Award and place the contract
  • Delivery
  • Pay the supplier
  • Manage and monitor the contract
  • Review the process
3 (three) days

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