Showing posts with label Purchasing and Procurement Courses. Show all posts
Showing posts with label Purchasing and Procurement Courses. Show all posts

What Are the Difference Between Public Procurement and Private Procurement?

    

Private Procurement is the process of understanding customer needs and requirements, selecting suppliers to deliver inputs and raw materials to support business operations, and ensuring the timely payment of invoices.
To clarify further, it is the process of translating customer requirements into the selection of highly capable suppliers, to timely, accurately, cost-effectively deliver high quality, mission-critical inputs, and raw materials to internal customers. As well as assuring the accurate receipt and timely payment of all accrued invoices.
A procurement department is mandated to execute 3 Main Functions:
  1. Manage the organization’s spending. A good procurement function is pivotal in deploying an effective Annual Buying Plan, leveraging robust forecasting, market analysis, purchasing processes, and cost reduction methodologies.
  2. Support operations by ensuring the timely acquisition of high quality, low cost, inputs and raw materials to be converted into products and services purchased by an organizations’ internal customers. An organization exists to create value for its customers. The procurement function is pivotal in supporting value creation processes.
  3. Protect the organization from risk by deploying risk management methodologies such as Failure Mode and Effects Analysis (FMEA). Contract management, and price shock mitigation and avoidance provide huge benefits to an organization, stakeholders and customers.
The public procurement process has its own peculiarities. The process is triggered by explicit needs and requirements which are followed by the following steps:
  1. Deployment of a procurement or buying plan and strategy
  2. Selection of suppliers and service providers to deliver the established needs and requirements
  3. Receipt of requisitions
  4. Pre-bid talks
  5. The issue of RFIs, RFQs, RFPs as required
  6. Receipt of bids
  7. Evaluation of bids and issue of recommendations
  8. Negotiations
  9. Award of Contracts
Get More info about Essential Procurement Skills
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What are the best practices to increase my supply chain knowledge?

    
Supply Chain Management: The Management of the Procurement, Purchasing, Production, and Logistics Functions. In other words, it is the total set of activities ranging from the translation of customer requirements, selection of suppliers, acquisition of raw materials to conversion to finished products and services that are delivered to customers.
Factors impacting the Total Cost of Ownership such as quality, efficiencies, delays, stock outs, obsolescence and carrying cost are heavily emphasized in the Supply Chain discipline.
To learn and master the above skill sets takes time and depends one’s learning style. Individuals seeking to learn the science of Supply Chain Management should do some research of their learning styles.
The following are what we recommend as the best ways to learn procurement:
1. Vision: create one: Design Desired Outcomes for your procurement Career.
2. Body of Knowledge (BOK): get one, spend time reviewing it
3. Determine Knowledge Gaps to the BOK: firstly, ascertain your mental and physical aptitude to learn the Procurement BOK: Then study your knowledge gaps
4. Skills Acquisition: this can be acquired in various ways depending on your availability of time, budget and degree of knowledge gap. Some ways to do this are as follows:
  • Mentor: Get a Supply Chain Expert as your mentor who can guide you through the following:
  • BSc. or MSc. In Supply Chain Management. Remember the MS degree focuses on making one a Subject Matter Expert.
  • Certification: Such as the Senior Professional in Supply Management (SPSM). This program is strong on applied theory. The SPSM program delves deep into the “what and how to of procurement”
  • SPSM® Certification: 3 Steps to Supply Chain Success,
  • LEARN (Learn the most modern procurement best practices and put them to use immediately.)
  • PROVE (Prove your advanced capabilities by passing the SPSM® Exam)
  • APPLY (Apply what you’ve learned to achieve measurable results; save more money, improve performance, and more)
5. Attend Supply Chain Webinars and Blogs: these mediums can yield great benefit, especially if are done by industry experts. NLPA offers excellent blogs and webinars on a wide range of supply chain topics.
6. Make your own Blog and Write Articles: this will push you learn through collaboration and dialog that an interactive blog can provide
7. Teach: this will enhance collaboration on supply chain topics and will force you to expand your knowledge base. Students will naturally challenge you to provide cutting edge leadership.
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How Do I Become a Supply Chain Management Expert?

    
Of course, one will have to be a Supply Chain Subject Matter Expert. This can only be honed after years of Experience, Education, Practical or Applied Theory, and perhaps Certification to attest one’s Mastery of the Supply Chain Body of Knowledge.

To become a Supply Chain Expert, one must be very proficient in the following categories:
  1. Strategic Clarity and Alignment –supply chain SMEs master the art of formulating and executing effective strategies in response to the pressing demands of the Modern Business Landscape.
  2. Talent Management – learn how to help their organizations build cultures that attract and retain top tier talent to innovate, bring new products to market and effectively solve organizational issues.
  3. Selection of effective Metrics – learn to guide their organizations in selecting the right amount of metrics and the correct metrics. Failure to do this can lead to focusing on erroneous initiatives.
  4. Portfolio Management – learn how to enable the selection and prioritization of the right initiatives at the right time and executing these initiatives accurately and cost effectively.
  5. Development of Robust Technology and Processes – failure to effectively guide their organizations in these areas can lead to disaster and loss of market share. SMEs learn the art of this critical dimension of supply chain operations.
  6. Accountability – Supply Chain SMEs learn how to enable their organizations to establish accountability amongst their key stake holders, including suppliers.
  7. Collaboration – to enable their organizations to build strong systems for collaboration and the dismantling of operational silos
  8. Lifelong Learning – Supply Chain SME commit to continuous professional development to effectively help their clients solve supply chain issues.
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Supply Chain Certification Program - The Next Level Purchasing Association

    
Are you an expert Purchasing Professional?
Of course, you may be! But do you feel there is something missing in your expertise?
Do you feel that at some level, your career has stagnated?

Well, the increasing complexities in supply chain management system calls for professionals who are well updated about modern day best practices. You surely may be keeping yourself updated at personal level. But is that enough? Are you confident enough to apply those best practices in your organization? You bet, not! Getting informed is one thing and updating self is a different thing. You still need that skill, confidence and ability that would let you stand out as an excellence provider.

Interested to take off your career to a next level?

You won’t be, if you are fine in your comfy couch and do not have aspirations to grow.

What? You wish to grow?

Well, there are many logistics supply chain management courses offered in various universities and colleges. Many provide run-of-the-mill training which may be fine for the students but may be insufficient for professionals like you.

The growing demand of competent professionals calls for supply chain certification program that promises only go-getter professionals. Want to be the one?

Here’s the key - Our SPSM Certification program!

The supply chain certification program that is designed to set standards enabling you to scale new heights in supply chain management business.



Why the SPSM Certification?

By now, you must have understood the escalating demand of assurance about reliable, competent, updated purchasing and supply chain professionals.

The SPSM supply chain logistics management certification program is:
  1. Based on modern day best practices – The logistics training not just informs you about these best practices but get you the skills to implement them as well.
  2. Enables you to identify fraudulent practices – In this explicit training program you would learn not only about the best practices to be implemented, but also would understand about the possibilities that may lead to false purchase and supply chain management.
  3. You would be a proud Certified Professional – Being a certified trained professional, you would realize the improvement in your self-confidence that would earn you respect and recognition from your team and management.
What is the Procedure?

Step 1: LEARN  
Step 2: PROVE
Step 3: APPLY

So what are you waiting for? Enroll Your Name Now & Get Started Right Here! 


Have Questions?

Contact the NLPA by calling: +1 (412) 294-1990 or by emailing: support@nextlevelpurchasing.com
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