Course Overview
Course Description
This comprehensive 5-day course equips procurement professionals with advanced skills in strategic sourcing, supplier relationship management, and global supply chain optimization. Participants will learn to drive cost savings, mitigate risks, and enhance organizational value through effective procurement practices.
Learning Objectives
- Develop and implement strategic sourcing methodologies
- Optimize supplier relationships and performance management
- Analyze and mitigate supply chain risks
- Apply best practices in contract negotiation and management
- Leverage technology for procurement process improvement
Course Modules
Day 1: Foundations of Strategic Procurement
- Evolution of procurement and its strategic importance
- Key principles of strategic sourcing
- Procurement process optimization
- Stakeholder management in procurement
Day 2: Supplier Relationship Management
- Supplier selection and evaluation criteria
- Developing effective supplier partnerships
- Supplier performance measurement and improvement
- Managing supplier risks and compliance
Day 3: Advanced Negotiation Techniques
- Negotiation strategies and tactics
- Power dynamics in procurement negotiations
- Multi-party and complex negotiations
- Contract terms and conditions mastery
Day 4: Risk Management in Procurement
- Identifying and assessing supply chain risks
- Risk mitigation strategies and contingency planning
- Compliance and ethical considerations
- Business continuity in procurement
Day 5: Technology and Innovation in Procurement
- E-procurement systems and digital transformation
- Data analytics for procurement decision-making
- Emerging technologies: AI, blockchain, IoT in procurement
- Sustainable and green procurement practices
Practical Wins for Participants
- Develop a strategic sourcing plan for a key category
- Create a supplier scorecard and performance improvement program
- Design a risk mitigation strategy for critical suppliers
- Implement a procurement technology roadmap for your organization
Have Questions About This Course?
We understand that choosing the right training program is an important decision. Our comprehensive FAQ section provides answers to the most common questions about our courses, registration process, certification, payment options, and more.
- Course Information - Duration, format, and requirements
- Registration & Payment - Easy booking and flexible payment options
- Certification - Internationally recognized credentials
- Support Services - Training materials and post-course assistance
Upcoming Events for This Course
Find upcoming training sessions for this course in different cities
