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Advanced Procurement Management (2) Applications ELectronic System and Contract Management

HRODC Postgraduate Training Institute

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Advanced Procurement Management Part 2Course ObjectivesOutline the key features of projectsUnderstand how procurement adds value in project managementExamine various success factors and how these impact on the procurement activityExamine the issues of project planningAppreciate the importance of procurement within project controlConsider the various types of contract for major projects such as Wembley football stadium and the Terminal 5 Building at Heathrow AirportAppreciate the issues involved in subcontractingOutline network analysisIdentify the different soft and hard commodities and their impact on the material costs of producers incorporating themEvaluate the different short-term and long-term price stabilisation techniquesConsider the risks of speculation and measures undertaken to reduce themAppreciate that modern futures markets trade only in titles or rights to commodities rather than actual goodsConsider various procurement techniquesDemonstrate the ?price of indifference?Show how to insure against fluctuating prices by placing call and put optionsDefine international and global sourcing Appreciate why it is necessary or preferable to source internationallyOutline the stages of international sourcing developmentHighlight the growth in international sourcingConsider the problems associated with international sourcingProvide a briefing on ?Incoterms?Explain countertrade as a form of barterOutline the role of the European UnionIdentify procurement?s contribution to the acquisition of capital equipment Outline the differences between the procurement of capital and non-capital goodsAppreciate leasing and hiring as a means of employing capital goodsAppreciate the importance of ?performance? specifications and how dealing with them can be simplified by tabulationInvolve procurement from the earliest stage of identifying a need through the process of supplier selection, commercial input into contract clauses and appraisal of after-sales serviceDiscuss the concept of lifetime costAssess the various methods of investment appraisalAnalyse the role of the retail buyer and their involvement with the supply chainDifferentiate between selector, buyer and merchandiserUnderstand retailing research and the different methods of collecting dataDefine all the aspects involved in merchandisingAppreciate the value of brand names and how they compete with ?own brand? labels and genericsUnderstand the concept of efficient consumer responseAssess the differences between buying services as opposed to tangiblesOutline a range of approaches to the procurement of services such as advertising, marketing, PR and legal servicesHighlight the main features of relevant EU directivesIndicate some features of relevant legislationUnderstand the concept of corporate social responsibility and how it relates to the organisation as a whole Examine various best practice structures and how these impact on the procurement activityExamine the issues of compliance and business drivers for CSRAppreciate the importance of organisations such as the Ethical Trading Initiative, Fairtrade and the International Labour OrganizationConsider the Social Accountability StandardsIntroduce the concept of e-procurementHighlight some of the applications of e-procurementEvaluate the benefits and added value aspects of e-procurementHighlight potential barriers to the successful adoption of e-procurementOutline best practice implementation of e-procurementOutline relevant legislationExamine approaches to the measurement of performance efficiency in procurement in relation to its stage of evolutionConsider the mechanisms of contract managementRelate procurement performance to the stage of developmentConsider the benefits of measuring performanceConsider the role of procurement as the intelligent customerAnalyze the basic questions in ?best practice? benchmarkingEvaluate reporting systems and the information that should be includedConsider service level agreementConsider the role of risk managementAdvanced Procurement Management Part 2Part I ? Project ProcurementIntroduction to projectsProject PlanningProject ControlSubcontracting Part II ? Procurement of CommoditiesThe Principal CommoditiesWhy Do Commodity Prices Fluctuate?Price Estabilisation SchemeThe Role Of The SpeculatorHedging With Futures ContractSome Buying TechniquesIndifference PricesTraded OptionsPart III ? International and Global OutsourcingGlobal Sourcing and International ProcurementWhy Source Internationally?Problems With International SourcingIncoterms 2000ArbitrationImportingHow to ChangeTransportCustomsCountertradePart IV ? Capital ProcurementThe Acquisition of Capital EquipmentWhat are Capital Items?Leasing and Hiring of Capital EquipmentThe Project ApproachLifetime CostsInvestment Appraisal Investment Appraisal CriteriaPart V ? Retail Procurement and Efficient Consumer Response (ECR)RetailingRetailing ResearchSupply Chains In RetailingElectronic Point of Sale (EPOS)Merchandise PlanningStock Analysis And Sales AnalysisBrandsSupplier SelectionDevelopments In The Retail SectorEfficient Consumer ResponsePart VI ? Services ProcurementWhat Is Meant by ?Services??Special FactorsProcuring Public Relations (PR)How to Buy Legal ServicesEuropean Union Public Contracts DirectiveManagement in Service ProvisionPart VII ? Corporate Social Responsibility (CSR)CSR ConceptPublic AccountabilityBusiness Drivers for Socially Responsible ProcurementSocial Accountability 8000 (SA8000)Part VIII ? E-procurement SystemsWhat Is E-Procurement?The Benefits of E-ProcurementComplex ProcurementReverse AuctionsThe Current State of E-Procurement InitiativesThe BarriersMeasuring the Benefits of E-ProcurementWhat to MeasureElectronic Auctions (E-Auctions)The Electronic Commerce (EC Directive) Regulations 2002Part IX ? Contract Management and Performance MeasurementContract Management, ConceptExamples of Performance MetricsPitfalls of Traditional Performance MeasurePerformance Measurement EffectivenessMeasuring Procurement PerformanceProcurement as The Intelligent CustomerBenchmarking in Procurement and SupplyReporting to ManagementAdministration InstructionsDisposing of Redundant Stock, Scrap or Waste

Advanced Procurement Management Part 2Course ObjectivesOutline the key features of projectsUnderstand how procurement adds value in project managementExamine various success factors and how these impact on the procurement activityExamine the issues of project planningAppreciate the importance of procurement within project controlConsider the various types of contract for major projects such as...

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