Course Schedule

Strategic Procurement Management Masterclass

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Code Course Title Venue Date Fees Join Now
MM03 Strategic Procurement Management Masterclass Geneva - Switzerland, 20190408 08 - 12 Apr 2019 $4,750 Register
MM03 Strategic Procurement Management Masterclass Istanbul - Turkey, 20190610 10 - 14 Jun 2019 $4,750 Register
MM03 Strategic Procurement Management Masterclass Dubai - UAE, 20190901 01 - 05 Sep 2019 $3,750 Register
MM03 Strategic Procurement Management Masterclass Miami - USA, 20191202 02 - 06 Dec 2019 $5,950 Register

COURSE OVERVIEW

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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