Strategic Procurement is essential to the success of modern organisations, and successful organisations need highly trained and effective procurement professionals. The role of purchasing personnel has evolved from buyers to negotiators and, most significantly, from transactional order placers to strategic business partners. Therefore, a robust procurement strategy and personals are of paramount importance to deliver efficient inventory flow into the supply chain.
This course aims to equip you with the capacity to develop management and strategic skills in procurement in order to increase value for money. It will enable you to assess the meanings and outcomes of the stages in the development of an effective procurement strategy. This training course designed to meet global changes in transformational leadership, finance and procurement strategies.
LEARNING OBJECTIVES
By attending this Strategic Procurement Management training course, delegates will be able to:
Realise The Contribution of Procurement in Achieving Organizational Objectives
Demonstrate Knowledge and Understanding of Strategic Procurement Processes
Understand Financial and Cost Drivers and Its Impact in Value Chain
Understand Total Cost of Ownership Approach and Capital Equipment Life Cycle Costing
Defining and Apply Global Sourcing Strategies to Achieve Organisational Objectives
Implement Category Management Strategies to Maximize Total Cost Savings
Supplier Relationship and Performance Management for Better Value
Understanding of Strategic Leadership and Ethics in Procurement
TARGET AUDIENCE
Professionals interested in furthering their leadership and strategic procurement management skills would benefit from this Strategic Procurement Management training seminar. It will also be beneficial to:
Senior Procurement and Supply Chain Professionals
Managers and Leaders involved in major global sourcing activities
Finance Professionals involved with major capital expenditure projects
Project, Contract and Procurement Managers
Senior Buyers and Category Management Professionals
Procurement and Supply Chain Professionals Wish to Develop Knowledge in Strategic Procurement
TRAINING METHODOLOGY
This practical and results-oriented program is based on adult learning concept. This course will be presented using a combination of lectures, practical/hands-on approach such as role plays, case studies, presentation, and video. Practical cases and examples illustrate the variety of current practices and build individual capabilities. There will be ample time for Q&A, discussions with ‘return to work’ action planning. The program will reinforce key concepts within an inspiring and engaging learning environment.
Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants
COURSE CONTENTS
DAY 1 - Introduction to Strategic Procurement Management
KeyTopics:
Objectives and Evolution of Procurement as Part of the Supply Chain
Trends and Pressures Affecting Supply Management
The System Approach vs. the Traditional Functional Approach
Contribution of Procurement in Achieving Organisational Goal
An Overview of the Strategic Procurement Process
DAY 2 - Financial and Cost Impact Awareness Along the Value Chain
KeyTopics:
Budgeting and Costing along the Value Chain
Fixed vs. Variable Costs
Contribution Margin
Direct vs. Indirect Costs
Total Cost of Ownership & Capital Equipment Life Cycle Costing
Performance Measurement and Impact on The Bottom Line
DAY 3 - Global Sourcing and Category Management Strategies
KeyTopics:
Strategic Sourcing Benefits
Definition of Sourcing Strategy and Critical Supply Strategies
Tactical vs. Strategic Sourcing
Developing the Strategic Procurement Plan
Category Management Overview
The evolution of Category Management
Category Management structures
DAY 4 - Supplier Relationship and Performance Management
KeyTopics:
Implications on Supplier Selection Procedures
Turning Vendors into Partners
Relationship Management – suppliers and stakeholders
Supply Base Integration and Development
Performance Improvement Metrics
The Service Level Agreement Framework
Applying the Right Incentives for the Right Outcome
DAY 5 - Procurement Leadership & Ethics in Procurement
KeyTopics:
Perceptions of Leadership in the Field of Procurement
Transformational Leadership in Procurement
Leadership in Strategic Thinking Organisations
Understanding the Interrelated Factors that Impact Procurement
How Your Firm Can Promote Ethical Behavior?
Drivers of Environmental Sourcing and Sustainability
Managing Ethical and Responsible Practice in Procurement
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“The course has been able to enhance my knowledge in leadership as a whole which I intend applying on the job” – Essentials of Management & Leadership
“Excellent method on delivering the topics, very clear and specific” – Writing Project Scope and Procurement Statements of Work
“An appraisal of my leadership journey, very practical tips on leadership dynamics and how it will grow me” – Next Generation Leadership
“Learnt how to communicate effectively, it changed my attitude about motivating staff” – Motivational Training for Managers
“I have realised that, for me to become a good manager, I need to apply qualities of a good leader which I lent in this class” – Management & Leadership Skills for the Supervisor-New Manager
“ It was very informative. It provided guidelines & bigger picture of my work of budgeting and cost control” – Effective Budgeting and Cost Control
“I learnt different skills and technique about data analysis technique; those new learnings will help me increase my work efficiency” – Data Analysis Techniques
An excellent probgramme with superb content throughout. This course really Thought provoking with additional references to follow up on. I throughly enjoyed the weekly recommend this to anyone looking to pursure a Non-exec’ role! Go for it! Contact me anytime for further comment.
“It has a great impact in widening and solidate knowledge” – Work – Life Balance
“Help us priorities things in own life, see good things in every obstacle / failure” – Work – Life Balance
“Helped to enhance my communication skills persuasively” – Interpersonal Skills for Managers
“We have learnt new things about communication & interpersonal Skills” – Interpersonal Skills for Managers
“The course has been an eye-opener and a lot of new ideas have been learnt” – Vehicle Fleet Development & Management
“This course has been beneficial and it will be helpful in managing my subordinates” – Fleet Management & Leadership
“This training course is beneficial to me and company” – Vehicle Fleet Development & Management
“I have attended several training programmes, but this one is the best” – Fleet Management & Leadership
