Purchasing Process

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Description

COURSE DESCRIPTION:

This live online module is a detailed study of the Purchasing Process within the loop of continuous improvement, from the identification and expression of a need to the evaluation and follow-up of a vendor's performance, Golden rules give a frame of Good Practices.

COURSE STRUCTURE:

Course Structure: 4 modules of max. 2 hours each, delivered over 2 days
Each day will consist of 2 x 2-hour modules including a 30 min. break in between.

Course Level: Skill
Duration: 2 days
Instructor: Paul Adrian or Pierre Lhermitte

DESIGNED FOR YOU, IF YOU ARE:

  • A buyer
  • A requester from the technical department
  • Keen to learn how to integrate Lead Time in your schedule, know how to d…

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Frequently asked questions

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COURSE DESCRIPTION:

This live online module is a detailed study of the Purchasing Process within the loop of continuous improvement, from the identification and expression of a need to the evaluation and follow-up of a vendor's performance, Golden rules give a frame of Good Practices.

COURSE STRUCTURE:

Course Structure: 4 modules of max. 2 hours each, delivered over 2 days
Each day will consist of 2 x 2-hour modules including a 30 min. break in between.

Course Level: Skill
Duration: 2 days
Instructor: Paul Adrian or Pierre Lhermitte

DESIGNED FOR YOU, IF YOU ARE:

  • A buyer
  • A requester from the technical department
  • Keen to learn how to integrate Lead Time in your schedule, know how to differentiate a SOR from a SOW, and better express your need in order to optimise the Purchasing Process

HOW WE BUILD YOUR CONFIDENCE:

  • Live instructor-led training
  • This course will give participants a strong theoretical background through a solid and meticulous documentation you will be able to use in your working position as a reference
  • Extensive use of case studies and exercises

THE BENEFITS FROM ATTENDING:

  • Upon completion of this module you will have a full understanding and control of the Purchasing Process, both in a procurement function or as prescriber in a technical department.
  • This module intends to optimise the purchasing process and increase its efficiency by improving interaction between requesters and buyers.

TOPICS:

Day 1

  • Golden Rules & PDCA cycle
    - 7 Golden rules in purchasing
    - PDCA cycle applied to purchasing process
  • Schedule and define the needs
    - Internal & external lead time
    - Definition of the 'right' needs: SQSCI Criteria
    - SOR/SOW
    - Technical/functional specifications
  • Select a supplier
    - Qualification of vendor
    - Category management
    - OEM
    - Bidder’s list


Day 2

  • Purchase
    - Consultation
    - Evaluation
    - Cost structures
    - Clarification
    - Negotiation
    - Award
    - Purchasing documents
  • Follow-up and receive
    - Expediting & reception of the purchase order
  • Evaluate vendor’s performance
    - Vendor’s evaluation process
    - Vendor’s progress plan

HOT is an award-winning provider of training solutions for the energy industry. We pride ourselves in delivering excellence with each and every course session: Quality is always at the core of what we do.

Our top-notch courses, developed and taught exclusively by true experts, have been valued by the industry for over 30 years. Our training sessions equip our clients with powerful skills to remain competitive in an increasingly complex petroleum industry. We accelerate careers and empower people, striving to achieve the best possible results.

Our training portfolio covers all stages of the E&P value chain, as well as renewable energy, soft skills, and finance courses.

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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.