Four Steps to Future Procurement

Proven Practices for Procurement: from Beginner to Professional

Created by : Rated :4.5 7641 views

Last Updated: 2022-05-03 11:05:15 English Course Type: Self Learning

What is Procurement and how does Procurement organization function?
How can an effective Procurement organization contribute to the entire company results, including Profit level?
How to develop the systems and KPI's for measuring efficiency of organization?

After 15+ years I was working in Procurement – I decided to compile a really useful and practical course.

This course is for you if you:

- would like to know practical tips and advice regarding procurement and supply chain management,

- don't have the formal education, but want to know the basic tools and methods used in the world class Procurement organizations,

- want to understand the basic knowledge and some advanced principals in a very short period of time..

And as you already understood, we learn step-by-step here. We have designed the course in four steps, and the best approach to learning would be to take one step in one week.

So I recommend you to make the course in four weeks. This will give you a decent time to think through and study all the materials, to digest the info, and what is the most important - to apply the information you learn!

In the end of the course you will be able to:

Understand the role and importance of Procurement in the company
Design and build your Procurement Organization based on 14 cornerstones of Procurement Organization
Develop, implement and follow-up the KPI’s for your Procurement Organization
Optimize your work with Suppliers Portfolio
Proactively manage suppliers in Competitive and Cooperative modes, involving Value Stream Mapping and Risk assessment
Create the Long term directions and Strategic sourcing plans for your Procurement Organization
and much more...

P.S. As a bonus - I have decided to share my e-books on Procurement. Some useful and fun read for you, some motivation and inspiration.

Enjoy your course and leave me a comment after you complete the course :)

Robert

This course was prepared based on my own experience and the best practices I have used by myself. Also this course contains some theoretical knowledge and practical tools that are used by the world class companies and supply chain managers.

Procurement, Purchasing and Manufacturing specialists

Section 1 : Step 1: Procurement Basics 7 Lectures 02:00:26
Lecture 1 :
Introduction: general overview of the Step 1 to Future Procurement Preview
In this video you will see the general overview of the Step 1 to Future Procurement
Lecture 2 :
Procurement Processes Overview
In this chapter we will have the intro to Procurement process and have the general overview of Procurement: -What is it? -What are the goals and objectives of Procurement? -What are the products and types of Procurement? - What are the key processes of Procurement?
Lecture 3 :
Leverage effect of Procurement
This chapter will help you to establish the right mindset before going forward. And also you will understanding the potential impact of the Procurement organization to the entire company, and to profit of entire company!
Lecture 4 :
Procurement development model
Procurement development model is important for 2 reasons: You understand better a Procurement organization at the current moment of time. This is the most simple way to describe the very complex theory behind the Procurement development stages in the company. You will understand quickly what are the development ambitions that should be placed to come to the next level? The model helps to identify the development directions for the Procurement organizations.
Lecture 5 :
Procurement decisions
The best advice I can give from my experience is to evaluate the three things when taking any procurement decision: - Prices - Risks - Values
Lecture 6 :
Quality aspects in Procurement
Quality aspects are quite often underestimated and the RISK connected to quality aspects is also often forgotten. It is not the primary topic for most Procurement organizations. And not even the secondary for some others…. So in this part of our development program I want you to form a proper quality mindset and perception of quality for Procurement organization.
Lecture 7 :
Food for Thoughts
After the theoretical part (after videos and presentations) – the real work starts. And what you should to do now –is to apply this knowledge and tools in real life. To your company, to your business, your Category or your segment. And believe me – if you will really apply this course now – you will remember this new things forever, you will fix this materials in your brain for a long time. Not in the shelf of the short-term, operative memory, but in the cells for the long term memory. Especially if you will think, analyse and write down these new findings – you will fix this new knowledge for yourself. I guarantee.
Section 2 : Step 2: Proactive work with Suppliers 8 Lectures 02:16:16
Lecture 1 :
Introduction: general overview of the Step 2 to Future Procurement
In this video you will see the general overview of the Step 2 to Future Procurement
Lecture 2 :
Supplier portfolio management
You will start with Supplier portfolio management and we will look into the good ways to differentiate the suppliers that we have, how to build a stronger business development strategy for EACH of the supplier
Lecture 3 :
Supplier portfolio management (continuation)
You will start with Supplier portfolio management and we will look into the good ways to differentiate the suppliers that we have, how to build a stronger business development strategy for EACH of the supplier
Lecture 4 :
Competitive mode and price cutting practices
In this chapter you will have a deep dive into Competitive mode of supplier development. Here we will concentrate on the Leverage suppliers (as you have learned in the previous chapter – Leverage suppliers are the ones with the low complexity or low risk but high turnovers). And also in this chapter we will look into the question of price cutting. How can we secure the optimal prices for the leverage suppliers, what tools and techniques we can use here and what are the preconditions for that?
Lecture 5 :
Cooperative mode and cost cutting practices
Cooperative mode is the best one to be used with strategic suppliers. The ones with the high volumes (the high turnover), and the ones with the high complexity or risk. So if you remember the four sectors we had on the Krajlic matrix – these suppliers are the ones in the right upper corner.
Lecture 6 :
Cooperative mode and cost cutting practices (continuation)
Lecture 7 :
Food for Thoughts
What you should to do now is to apply this knowledge and tools in real life.
Lecture 8 :
Cooperative mode and cost cutting practices (final part)
Section 3 : Step 3: Supply Chain Management 7 Lectures 01:59:02
Lecture 1 :
Introduction: general overview of the Step 3 to Future Procurement
In this video you will see the general overview of the Step 3 to Future Procurement
Lecture 2 :
Supply chain complexity
In this lesson you will have a general look on the Supply chains and understand it from different angles, from different points of view, and from different perspectives. You will see that however simple this may sound or look like from the first glance – in reality supply chains are quite complex and difficult to manage.
Lecture 3 :
Value adding, Value Stream Mapping
This particular chapter you will elaborate more on the topic of value creation and value-adding. Here you will create a decent understanding about value creation throughout supply chains, value-adding processes, and non-value-adding processes. About the wastes and types of wastes, and about the ways how to eliminate wastes.
Lecture 4 :
Responsiveness vs Efficiency
In this short chapter you will learn about responsiveness and efficiency in relation to supply chains. These two words are very important in description of any supply chain. And these are very important parameters of supply chains, which are having a huge impact on the cost picture, on the reaction time to the changes, risk management and many other areas.
Lecture 5 :
Supply chain dilemmas
In this chapter of our course we will talk about supply chain dilemmas. This will be the real choices that every procurement specialist, or supply chain professional needs to take in everyday job. Some of the dilemmas will be big and strategic, but also some of the examples you will see are quite down-to-earth and straightforward.
Lecture 6 :
Supply chain risks
Risk management is very often underestimated area, and honestly very few companies are having methodological approach to risk management, and even less companies have written procedures about it. For this reason I have decided to include risk management in our big course.
Lecture 7 :
Food for Thoughts
What you should to do now is to apply this knowledge and tools in real life.
Section 4 : Step 4: Strategic Sourcing 6 Lectures 01:35:44
Lecture 1 :
Introduction: general overview of the Step 4 to Future Procurement
In this video you will see the general overview of the Step 4 to Future Procurement
Lecture 2 :
Strategic Sourcing
Here you will investigate if the principles of Strategic Sourcing. After this lesson you will be able to organize and manage the self developing organization, built on the principles of continuous improvement.
Lecture 3 :
Strategic Sourcing (continuation)
Lecture 4 :
Win-Win: Negotiations at its best
We negotiate with suppliers about prices and prize development. We negotiate with suppliers about delivery and payment terms, about requirements and quality deviations. Also we negotiate with the different departments in our company, trying to pursue our standpoint, and trying to push through our decisions. And of course we negotiate a lot within the team we are working in. So in this chapter you will get some hints how to make negotiations in a win-win way. This means how to make it possible for both parties to feel happy and motivated after the negotiation has happened.
Lecture 5 :
Food for Thoughts
What you should to do now is to apply this knowledge and tools in real life.
Lecture 6 :
Win-Win: Negotiations at its best (continuation)
Section 5 : Final words 1 Lectures 00:11:10
Lecture 1 :
Final words from Robert Freeman
You will look back on what you have learned and will have a short recap on the main lessons and tools you have been practicing these four last weeks.

How do i access the course after purchase?
It's simple. When you sign up, you'll immediately have unlimited viewing of thousands of expert courses, paths to guide your learning, tools to measure your skills and hands-on resources like exercise files. There’s no limit on what you can learn and you can cancel at any time.
Are these video based online self-learning courses?
Yes. All of the courses comes with online video based lectures created by certified instructors. Instructors have crafted these courses with a blend of high quality interactive videos, lectures, quizzes & real world projects to give you an indepth knowledge about the topic.
Can i play & pause the course as per my convenience?
Yes absolutely & thats one of the advantage of self-paced courses. You can anytime pause or resume the course & come back & forth from one lecture to another lecture, play the videos mulitple times & so on.
How do i contact the instructor for any doubts or questions?
Most of these courses have general questions & answers already covered within the course lectures. However, if you need any further help from the instructor, you can use the inbuilt Chat with Instructor option to send a message to an instructor & they will reply you within 24 hours. You can ask as many questions as you want.
Do i need a pc to access the course or can i do it on mobile & tablet as well?
Brilliant question? Isn't it? You can access the courses on any device like PC, Mobile, Tablet & even on a smart tv. For mobile & a tablet you can download the Learnfly android or an iOS app. If mobile app is not available in your country, you can access the course directly by visting our website, its fully mobile friendly.
Do i get any certificate for the courses?
Yes. Once you complete any course on our platform along with provided assessments by the instructor, you will be eligble to get certificate of course completion.
For how long can i access my course on the platform?
You require an active subscription to access courses on our platform. If your subscription is active, you can access any course on our platform with no restrictions.
Is there any free trial?
Currently, we do not offer any free trial.
Can i cancel anytime?
Yes, you can cancel your subscription at any time. Your subscription will auto-renew until you cancel, but why would you want to?

Robert Freeman,

233859 Course Views

8 Courses

I spent 15 years actively contributing to Procurement development of medium-size companies and large international corporations in Manufacturing and Retail, being a sourcing responsible for 800'000'000 Euro business. Was working with Retail and Manufacturing companies in Europe, Asia and North America. I truly believe in power of Procurement organization for the success of the entire company, and I want to spread my knowledge and experience to all over the world. That is why I developed a Future Procurement development program. Probably the best program in the world for Procurement professionals! I want to share my knowledge and engage as many people as possible around idea of improving the existing practices in our business, bringing our profession to a completely new level. My mission is: “To improve the world by Future Procurement organizations”.