Strategic Procurement Management Masterclass

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.

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

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

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