Think about all the classic procurement process diagrams you have seem over your career - they all stop at bid award and supplier onboarding. Classically many Buyers will work with stakeholders from specification of need through to supplier on boarding and then the awarded contracts and the relationship is handed over to the internal stakeholder to manage but in the new world of Procurement Act 2023, is that going to be enough? With changes in organisations ability to disbar suppliers, potentially more active contracts and relationship management with further governance around contracts may be required to allow organisations to disbar suppliers without fear of challenge. This skill set and the confidence around it isn't something you will find in your team over night - so what are your plans to further develop your team in these "softer" skills to manage these relationships? I'd be genuinely interested to hear your skills development plans for your teams that go further than the free legislative training being provided? #procurementwithpurpose #procurementexcellence #procurementleaders #procurementleadership #procurementact
Hannah Quinn-Hill’s Post
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Is your procurement team full of price ninjas...or price punching bags? Thinking "good enough" is good enough for your procurement team's negotiation skills? Think again! The Problem: Untapped potential lurks within your procurement team. Traditional negotiation methods might not be squeezing the maximum value from every supplier engagement. The Solution: Invest in best-in-class negotiation training. Here's Why: ▶️Empowering Champions: Equip your team with the skills and tactics to secure optimal terms during negotiations. This translates to significant margin improvement across all your purchases. ▶️Strategic Negotiation Power: Sharpened negotiation skills allow your procurement team to go beyond price alone. They can negotiate favorable payment terms, warranty extensions, and other valuable concessions that benefit your bottom line. ▶️Long-Term Value Creation: Upskilling creates a culture of continuous improvement within your procurement team. This translates to sustainable cost optimization and a competitive advantage. ▶️The Bottom Line: A skilled procurement team is an investment that pays off. Investing in their negotiation skills empowers them to unlock hidden value and become champions of margin optimization. Ready to unlock the true potential of your procurement team? Elevate Negotiation Skills Drive Margin Optimization Empower Your Procurement Champions! That's the power of upskilling. #ProcurementExcellence #NegotiationSkills #TalentDevelopment
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Mark your calendars for 4 live virtual training programs coming up in the month of May, designed to elevate your procurement skills and drive excellence in your organization: BEST PRACTICES IN PROCUREMENT NEGOTIATIONS PLANNING & STRATEGIES May 6 & 7, 2024 (4 Hours per Day x 2 Days) -> Dive into the art of negotiation planning and learn the best practices to secure favorable outcomes for your organization. SUPPLIER SELECTION, EVALUATION, & PERFORMANCE MANAGEMENT May 14 & 15, 2024 (4 Hours per Day x 2 Days) -> Gain insights into optimizing supplier performance and effectively managing supplier relationships for organizational success. FROM TACTICAL TO STRATEGIC PROCUREMENT May 20 & 21, 2024 (4 Hours per Day x 2 Days) -> Elevate your procurement approach from tactical to strategic, aligning with organizational goals and industry trends. SUSTAINABLE PROCUREMENT May 30 & 31, 2024 (4 Hours per Day x 2 Days) -> Discover how to integrate sustainability into your procurement practices, contributing to both social responsibility and business growth. For more details and registration, reach out to Lindsay at lindsay@ppc-inc.com. Don’t miss this opportunity to enhance your procurement expertise and drive excellence in your organization! #procurementtrainings #procurementexcellence
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Had a very interesting discussion today about how important procurement and supply chain can be within an organisation. So how can you properly embed Proc&SC? This article from CIPS - The Chartered Institute of Procurement & Supply offers a brief insight into how you can make procurement relevant within your company. #procurement #supplychain
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How important is EMPATHY in PROCUREMENT?...☺️ #Empathy plays a vital role in procurement: _Benefits of Empathy in #Procurement_ 1. Better Supplier Relationships: Understanding supplier needs, concerns, and limitations. 2. Effective Communication: Clear understanding of stakeholder requirements. 3. Conflict Resolution: Resolving disputes through active listening. 4. Supplier Diversity: Understanding diverse supplier needs. 5. Innovation: Collaborative problem-solving. _Empathy in Procurement Processes_ 1. Tendering: Understanding supplier capabilities. 2. Contract Negotiation: Mutual understanding of terms. 3. Supplier Evaluation: Fair assessment of supplier performance. 4. Risk Management: Anticipating supplier concerns. 5. Supply Chain Management: Understanding upstream and downstream impacts. _Developing Empathy in Procurement_ 1. Active Listening 2. Open Communication 3. Stakeholder Engagement 4. Diversity and Inclusion Training 5. Supplier Feedback Mechanisms _CIPS Perspective on Empathy_ 1. CIPS Code of Conduct emphasizes fairness, integrity, and respect. 2. CIPS training includes modules on effective communication and stakeholder management. _Real-World Examples_ 1. Supplier development programs 2. Social responsibility initiatives 3. Collaborative procurement partnerships Empathy enhances procurement outcomes! #Procurement #SupplyChain #Purchasing #Sourcing #ContractManagement #ConstructionProcurement #ITProcurement #ManufacturingProcurement #HealthcareProcurement #GovernmentProcurement #DigitalProcurement #ProcurementTechnology #ArtificialIntelligenceInProcurement #BlockchainInSupplyChain #SustainableProcurement #ProcurementTraining #SupplyChainManagement #PurchasingBestPractices #ContractNegotiation #ProcurementLeadership #CIPS #ISM #NAPM #ProcurementLeaders #SupplyChainPros #ProcurementAsia #ProcurementUAE
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Just finished the course “Mastering Supplier Relationship Management (SRM)” by CRFT Productions and Martin John! Check it out: https://lnkd.in/ejVV2ZW5 #supplierrelationshipmanagement #opentowork #consultant #procurement #supplychain #buyer #sourcing #SRM
Certificate of Completion
linkedin.com
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Procurement at its core means securing the goods and services required by an organisation. But, as practitioners know, there’s much more involved. Strategic procurement involves trading the pay-offs between cost control, quality, risk mitigation and even sustainability and ethics. It’s a business function that helps your organisation obtain the best possible terms, and avoid the most troublesome pitfalls. Learn how to get the best procurement results for your firm at CCE’s one-day Strategic Sourcing and Procurement Course, coming up on October 16. Topics include sourcing strategies, why pricing is never as straightforward as it seems, and tools to help with formalities such as tenders, contracts and more. https://lnkd.in/ghJv5AXz
Strategic Sourcing and Procurement Course: Processes and Skills
cce.sydney.edu.au
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"Building expertise in procurement!I'm pleased to share that I've attended a comprehensive training on Supplier Evaluation Techniques! This program has sharpened my skills in:Assessing supplier capabilitiesEvaluating performance metricsNegotiating contracts effectivelyI'm eager to apply these techniques to drive value for our organization and foster strong supplier relationships.#SupplierEvaluation #Procurement #SupplyChain #ContinuousLearning #ProfessionalDevelopment".
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10 Tips for Managing Staff in Procurement. Managing a procurement team requires a unique set of skills and strategies to ensure optimal performance, efficiency, and collaboration. Let’s explore ten practical tips to help you effectively manage your procurement staff and drive success in your organization. ESCM - Enabling Supply Chain Management #escmsupplychain #escm #procurement #sourcing #purchasing #strategicsourcing #supplychain #enablingsupplychain #team #teammanagement #staff
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Procurement and supply must stop being sidelined in organisations, believes in many organizations Procurement is often viewed as a back-office function with most severely underestimating its strategic value. Many organisations see procurement and supply in the traditional sense not realising the strategic input that it can have on a business. To reap the benefits, this misunderstanding needs to be addressed, and we can do so via education, communication and collaboration.
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Procurement Professional
8moContracts Managers that do nothing more than contract manage is the way forward. Few organisations public or private are willing to stump up for them in addition to procurement teams