Course Overview
Course Description
This intensive 5-day course equips professionals with advanced strategic purchasing and supply management skills. Participants will learn to optimize procurement processes, analyze costs, manage supplier relationships, and implement sustainable supply chain strategies. The course combines theoretical knowledge with practical applications to enhance organizational performance and competitive advantage.
Learning Objectives
- Develop and implement effective procurement strategies aligned with organizational goals
- Master cost analysis techniques and total cost of ownership (TCO) evaluation
- Enhance supplier relationship management and performance evaluation skills
- Implement sustainable and resilient supply chain practices
- Leverage technology and data analytics in procurement decision-making
- Optimize inventory management and demand forecasting techniques
Course Modules
Day 1: Strategic Procurement Foundations
- Evolution of procurement and its strategic importance
- Aligning procurement with organizational strategy
- Spend analysis and category management
- Developing a strategic sourcing plan
Day 2: Cost Analysis and Value Creation
- Advanced cost analysis techniques
- Total Cost of Ownership (TCO) evaluation
- Value engineering and value analysis
- Negotiation strategies for cost reduction
Day 3: Supplier Relationship Management
- Supplier segmentation and portfolio management
- Supplier performance evaluation and development
- Risk management in the supply chain
- Collaborative supplier relationships and innovation
Day 4: Sustainable and Digital Supply Chain
- Implementing sustainable procurement practices
- Circular economy principles in procurement
- Digital transformation in procurement
- E-procurement and procure-to-pay processes
Day 5: Advanced Supply Chain Optimization
- Global sourcing strategies and challenges
- Inventory optimization techniques
- Demand forecasting and planning
- Supply chain resilience and risk mitigation
Practical Wins for Participants
- Develop a strategic sourcing plan for a key category in your organization
- Create a supplier scorecard and performance improvement program
- Implement a TCO model for major procurement decisions
- Design a roadmap for digital transformation in your procurement function
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