Purchasing and supply management

Synthetic program:

Procurement counts nowadays up to 80% of the entire P&L (Profit and Loss account) of companies. For this reason its impact on economic performance, financial performance, and on reputation and sustainability is huge. Therefore, to further create value, it is crucial for companies to manage sourcing and procurement activities strategically adopting a new strategic approach compared to the traditional transactional one.

In particular the course will face the following topics:

Introduction

• The impact of Procurement on business performance
• Make-or-Buy strategic decisions
• Purchasing strategy
• Purchasing process
• Purchasing organization

Rationalize/Simplify complexity

• Portfolio Management
• Purchasing KPIs
• Vendor Rating

Efficiency and Effectiveness beyond price

• Value/Cost Analysis and target costing
• Total Cost of Ownership
• Introduction to e-Procurement

Deployment of procurement actions

• Contract and Risk Management
• Avoiding corruption and unethical behaviours
• Commodity prices and financial risk hedging
• Introduction to Innovation and Sustainability

 

In order to familiarize and to be able to adopt tools and methods, these topics will be deeply discussed in class and then implemented in real cases. Chief Procurement Officers will be also invited as guest speakers to bring real business insights.

Most contents and additional advanced topics will be then further implemented in companies thanks to the Supplier Relationship Management Lab.