In a business environment, the procurement function is one of the most critical functions as it provides the input for the organization to convert into output. Materials today are lifeblood of industry. They must be available at the proper time, in the proper quantity, at the proper place, and the proper price.
Company costs and company profits are greatly affected by them as normally, a manufacturing organization spends nearly 50% of its revenue in purchasing.
The operational procurement competence includes: Understand how the Purchase-to-Pay (P2P) processes work. Achieve compliance targets by taking appropriate actions, such as reducing Maverick buying. Know how to improve the cost per transaction, like the cost per PO. How to use tools like E-Procurement, VMI, Purchase Cards, etc.
Following are the eLearning courses for Operational Procurement –
The Key Principles of Operational Procurement
|Definitions, the process and targets. Role of the operational buyer. Stakeholders and the operational buyer. The three way match. Increase compliance / improve efficiency. Process, contract, and policy compliance. Reduce maverick buying.|
Procure2Pay – Part I
|Manage requisition creation. The three flows of requisition creation. The use of MRP systems in operational procurement. Managing stock and its implications.|
Procure2Pay – Part II
|Purchase Order. Manage transactions from requisition creation to invoice payment. The automatic, semi-automatic, and manual paths. How to move transactions to (semi-) automatic? How to execute a rapid sourcing process?|
Operational Procurement Tools
|Vendor Managed Inventory: the good and the bad. How eProcurement works & advantages and disadvantages. How to use eCatalogues to improve compliance and efficiency. Consortium purchases. Advantages & disadvantages of Business Process Outsourcing. When to use blanket PO’s. Use portfolio analysis to know when to use each tool.|
|A concise summary of how eProcurement contributes to operational procurement success for senior procurement personnel. How eProcurement works & advantages and disadvantages. How to use eCatalogues to improve compliance and efficiency.|