Measuring performance In Purchasing and Supply

Measuring performance In Purchasing and Supply

Category:
Procurement & supply chain/
Duration: 30 Hrs.
Lectures: 5
Logic Institute

COURSE DESCRIPTION 

This course is designed to provide an understanding of the purpose of, and techniques used in, evaluating the contribution of the purchasing and supply function to the performance of the organization.

It is important that purchasing and supply professionals recognize that the function must ‘add value’ to the overall performance of the organization, and that they understand the techniques used to measure the contribution of purchasing and supply. They also need to understand how performance measures can be used to improve supplier performance, and to be aware of measures that assess the performance of individuals.

Course objective:

  • Explain the management process of performance measurement.
  • Describe the importance of measuring performance, how it fits into the overall management process and why it is an essential tool for continuous improvement.
  • Explain the concept of ‘added-value’ and outline its different forms.
  • Evaluate the benefit of added-value savings.
  • Outline the types and categories of performance measures that are available.
  • Demonstrate an understanding of the need to keep the cost of operating stockholding as low as possible, commensurate with ensuring continuity of supply.
  • Distinguish between supplier performance and supplier appraisal.
  • Explain the importance of measuring a supplier’s performance.
  • Analyze the measures that can be taken to improve supplier performance.
  • Outline how a shared measurement approach will inform a process inform a process of continuous improvement.
  • Explain the benefits of a well-managed and structured approach to measuring an individual’s performance.
  • Outline the appraisal techniques that can be used within such an approach.
  • Examine how individual elements of a job link to the objectives of the organization.
  • Describe how an individual’s skills can be developed to the advantage of the organization and that individual.

What is the target audience?

  • Procurement & Contract managers.
  • Purchasing officers.
  • Assistant buyers.
  • Expeditors.
  • Stores officers, Stock Controllers & Inventory Control Clerks.
  • Buyers of commodities.
  • Buyers of components.
  • Buyers of services.
  • Buyers of capital equipment.
  • Logistics personals.
  • International buyers.
  • Accountants who handles suppliers’ account.
  • Supply & Distribution officers & Clerks.

About Instructors

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