This session: 18–22 Oct 2027
This Mastering Procurement Performance Measurement Techniques session in London (UK) runs from Monday 18 October to Friday 22 October 2027 (week 42, Q4 2027). It is the 2nd of 2 dates in London (UK) in 2027, at a fee of 5,400 £, the same for each of them. Registration is open for this date. It is held in person.
| Dates | Monday 18 Oct – Friday 22 Oct 2027 |
|---|---|
| Week | 42 of 2027 |
| Duration | 5 days |
| Fee | 5,400 £ |
| Status | Open for registration |
| Format | In person |
Course Overview
Course Description
This comprehensive course equips procurement professionals with essential skills to measure and improve purchasing performance. Participants will learn to identify key performance indicators, implement measurement techniques, and develop strategies to optimize procurement processes. The course covers both financial and non-financial metrics, supplier evaluation methods, and performance improvement strategies.
Learning Objectives
- Understand the importance of measuring procurement performance
- Identify and implement key performance indicators for purchasing
- Apply various measurement techniques to evaluate procurement effectiveness
- Develop strategies to improve supplier performance and relationships
- Create a comprehensive procurement performance measurement system
- Utilize data-driven insights to optimize purchasing processes
Course Modules
Day 1: Introduction to Procurement Performance Measurement
- Importance of measuring purchasing performance
- Key performance indicators for procurement
- Financial vs. non-financial metrics
- Aligning procurement metrics with organizational goals
Day 2: Measurement Techniques and Tools
- Cost savings and cost avoidance measurements
- Spend analysis and category management metrics
- Procurement cycle time and efficiency metrics
- Quality and compliance measurements
Day 3: Supplier Performance Evaluation
- Supplier scorecards and rating systems
- On-time delivery and quality metrics
- Total cost of ownership analysis
- Supplier relationship management metrics
Day 4: Advanced Performance Measurement Strategies
- Balanced scorecard approach for procurement
- Benchmarking procurement performance
- Risk management metrics in procurement
- Sustainability and social responsibility measurements
Day 5: Implementing a Procurement Performance Measurement System
- Designing a comprehensive measurement framework
- Data collection and analysis techniques
- Reporting and visualization of procurement metrics
- Continuous improvement strategies for procurement
Practical Wins for Participants
- Develop a customized set of KPIs for their organization's procurement function
- Create a supplier performance evaluation scorecard
- Design a procurement performance dashboard for executive reporting
- Formulate an action plan to improve procurement performance based on data-driven insights
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