Designing KPIs for Contracts and Procurement

INTRODUCTION

Procurement is a complicated process that may give several benefits to the company in the shape of cheaper pricing, greater quality, and increased performance. An organization cannot function optimally without effective procurement. Contracts are formed as a result of the procurement process, and they are the lifeblood of the commercial side of the business, ensuring that the advantages of the purchasing process are carried through into the firm itself. This high-level training gives a strategic review of the elements for strategic purchasing, contract formation, and contract management and developing KPI for contract and procurement.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Determine the forces that will lead to improved contract and procurement metrics.
• Define and choose the appropriate contract and procurement metrics.
• Create and implement contract and procurement KPIs.
• Using MS Project, create contract and procurement KPIs and reports.
• Create a dashboard for contract and procurement
• Create metrics depending on value of contract and procurement

 WHO SHOULD ATTEND THIS COURSE?

• Project Managers
• Operations Managers
• Procurement and logistics professionals
• Supply chain manager
• Management Representatives
• Procurement Professionals
• Logistic Professionals
• Warehouse & Stores Managers
• Purchasing Professionals
• Supply Chain Professionals
• Anyone who is seeking improvement in skills for enhanced performance and career development

TARGETED SKILLS

• Planning logistics
• Logistics work processes
• Inventory management
• Assessment and planning of requirements
• Forecasting demand
• SCM
• Procurement analysis
• KPI
• Dashboard