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CILT Certificate in Advanced Procurement Strategies (CAPS) - Virtual Learning

CILT Certificate in Advanced Procurement Strategies (CAPS) - Virtual Learning

Why Attend

The CILT Certificate in Advanced Procurement Strategies (CAPS) course provides a deep dive into advanced procurement methods for professionals aiming to maximize value in their procurement functions. Participants will learn to analyze procurement spend and turn data into actionable insights for value-driven planning. The curriculum includes strategic frameworks for engaging with critical suppliers and leveraging purchasing power for better terms and significant savings. Finally, the course covers innovative techniques to shift demand dynamics and identify the best sourcing strategies for different product categories.

Associations
Associations
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Overview
Course Methodology

This course employs diverse interactive training techniques, including case studies, team exercises, videos, and questionnaires.

Course Objectives

By the end of the course, participants will be able to:

  • Analyse procurement spend as a basis for value-driven procurement planning
  • Engage with strategic suppliers of critical items using collaborative frameworks
  • Executive cost-saving strategies by leveraging purchasing power
  • Apply innovative techniques to swing the nature of demand in procurement’s favour
  • Identify the best sourcing strategies for each product category through analysing procurement data
Target Audience

Senior-level procurers, procurement supervisors, category managers, purchasing managers, procurement directors and other experienced supply chain professionals.

Target Competencies
  • Strategic sourcing
  • Spend analysis
  • Value chain analysis
  • Supplier relationship management
  • Procurement management
  • Negotiations
Course Outline
  • Spend Analysis and Procurement Planning
    • The nature of spend categories
    • Profiling spend categories
    • Analyzing the financial impact of spend categories
    • Assessing sourcing risks
    • Supply and demand power dynamics
    • Consolidating category reports
  • Engaging Strategic Suppliers
    • Design-for-the-supply-chain concept and innovation
    • Supplier engagement across the product life cycle
    • Extracting supplier value for mega projects and high-value acquisitions
    • Strategic alliances and partnerships
    • Collaborative revenue-sharing, cost-reduction, and value-creation models
    • Supplier fitness programs
    • Principled negotiations
  • Leveraging Purchasing Power
    • Make-or-buy decision calculations
    • RFQ management
    • RFP (tender) management
    • Cost regression analysis
    • Price-based versus cost-based pricing models
    • Total Cost of Ownership (TCO)
    • Shoring models
  • Innovating on the Nature of Demand
    • Technical specification improvement
    • Design simplification
    • Contractualizing bottleneck items
    • Minimum Quantity commitment
    • 3D printing on-demand
    • Vendor Managed Inventory (VMI)
    • Volume concentration
  • Data-Driven Demand Optimization
    • Data parameters
    • Reordering process
    • Blanket agreements
    • Spend pooling and standardization
    • Procuring through third-parties
    • Decentralized procurement
Associations
Associations
Chartered Institute of Logistics and Transport (CILT)

Meirc is an Approved Training Provider (ATP) in the region for the Chartered Institute of Logistics and Transport (CILT). Established in 1919, CILT is the world’s leading supply chain, logistics and transport professional body with over 33,000 members across the globe. CILT seeks to add value to individual and corporate members by enhancing their knowledge, careers, and businesses by setting, supporting and delivering professional standards and education in the fields of logistics, transport and supply chain. By attending Meirc’s CILT accredited courses, participants can earn CPD units as well as attain modular unit award courses that can be combined for international certification

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MPC
MPC Certifications
Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for full attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses
Schedule & Fees

2024 Schedule & Fees

Location & Date

There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.

Fees
Per participant

USD 3400

Fees + VAT as applicable

Discount Plans & Cancellations Policy

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

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