MM24
Course Contents
Module 1 - Introduction to Strategic Procurement Management
Key Topics
- 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
Module 2 - Financial and Cost Impact Awareness Along the Value Chain
Key Topics
- 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
Module 3 - Global Sourcing and Category Management Strategies
Key Topics
- 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
Module 4 - Supplier Relationship and Performance Management
Key Topics
- 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
Module 5 - Procurement Leadership & Ethics in Procurement
Key Topics
- 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
