Date: December 10-11, 2019
Across the industries, the major source of cost is inventory. Inventory in any system may be of the form of raw material, semi-finished or work-in-progress, repair and maintenance spares and finished but unsold goods. Any improvement in reduction of this cost leads to greater benefits for the organization. Over a period of time, due to changing business landscape, companies have realized that procurement function can be a source of competitive advantage. Hence, learning of procurement process and its implication is very important. The objective of this program is to develop insight about significance of procurement and materials management along with knowledge about vendor performance analysis, locational factor analysis, purchases management and challenges to strategic sourcing. The program has also incorporated the legal implication of bidding, the right way of documentation for the employees of materials management department. Emphasis on risk and its management and KPI’s for procurement function is also being focused for holistic learning.
Program Objectives:
The two-days program has the following to offer:
- Introduction to Procurement
• Learning Procurement Cycle
• Procurement to Pay Cycle
• Linking Inventory management with other functions like Planning, Forecasting
etc. - Vendor Selection Process
• Criteria’s for Vendor Selection
• Factor Method of Vendor Evaluation
• Vendor Managed Inventory System
• Do’s and Don’ts of RFP - Bidding process, Documentation & Appraisal
• Input from Assess & Design Phase
• Preparation of Expression of Interest
• Request for Quotation/ Request for Proposal
• Preparation of Notice for the release of RFP/EoI
• Pre-Bid meeting and release of Corrigendum to RFP/EoI (if any)
• Submission of Bids and Evaluation of Bids - Legal Framework of Bidding
• “Privilege” Clause – price
• “Discretion” Clause – compliance
• “Limitation of Liability” Clauses
• “Exclusion of Liability” Clauses
• Specifications/Changes to scope of work - Contract Negotiation
• Negotiation Strategies
• Must Haves versus Good to Haves
• Contract Playbooks
• Negotiation Techniques - Contract management
• Knowing the Legal Framework
• Defining Requirements
• Establishing Clear Roles and Responsibilities
• Managing Relationships
• Managing Risk - Risk Management
• Identification of Risk
• Risk Mitigation Strategies - General Concepts & Course Wrap Up
• Spend Analysis
• Category Management
• Kraljic Matrix
Venue: International Management Institute B-10, Qutub Institutional Area New Delhi 110016 :
REGISTRATION: The registration form duly filled in along with the program fee should reach us at least 7 days before the commencement date of the program. In case of subsequent withdrawal or cancellation of registration no refund of fee will be allowed. However, substitute(s) may be permitted with prior intimation
Contact Information: International Management Institute Address: B-10, Qutab Institutional Area, Tara Crescent New Delhi 110016 Phone: (011) 4719 4172 (Direct) Fax: (011) 46012729 E-mail: ekta.saxena@imi.edu, mdp@imi.edu
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