Procurement Professionals Mini MBA: Mastery in Strategic Procurement Strategies

Procurement Professionals Mini MBA: Mastery in Strategic Procurement Strategies

Course Description


Introduction

 

Welcome to the "Procurement Professionals' Mini MBA: Mastery in Strategic Procurement Strategies" training course, offered by Cambridge for Global Training. This course is designed to provide procurement professionals with an in-depth understanding of strategic procurement strategies and equip them with the skills needed to excel in their roles. Participants will delve into key concepts of procurement, explore advanced strategic approaches, and learn how to leverage procurement as a strategic function within their organizations.

 

Course Objectives

By the end of the course, participants will be able to:

 

  • Understanding Strategic Procurement: Develop a comprehensive understanding of the strategic role of procurement in organizational success.
  • Strategic Sourcing: Learn advanced techniques for strategic sourcing, including category management and supplier relationship management.
  • Cost Management: Acquire skills in cost analysis, negotiation, and total cost of ownership to optimize procurement costs.
  • Risk Management: Identify and mitigate procurement risks to ensure continuity of supply and minimize disruptions.
  • Supplier Collaboration: Explore strategies for building strong relationships with suppliers and fostering collaboration for mutual benefit.

 

Who Should Attend

 

  • Procurement managers
  • Purchasing officers
  • Supply chain managers
  • Contract managers
  • Strategic sourcing specialists
  • Anyone seeking to advance their career in procurement and supply chain management
Course Outline


Unit 1: Introduction to Strategic Procurement

 

  • Role of procurement in organizational strategy
  • Strategic procurement objectives and benefits
  • Procurement as a value-added function
  • Strategic alignment with business goals
  • Global trends and challenges in strategic procurement

 

Unit 2: Strategic Sourcing and Category Management

 

  • Strategic sourcing process and methodologies
  • Category management principles and practices
  • Supplier segmentation and performance management
  • Outsourcing and make-or-buy decisions
  • Innovation and sustainability in strategic sourcing

 

Unit 3: Cost Analysis and Total Cost of Ownership

 

  • Understanding procurement costs
  • Cost analysis techniques and tools
  • Total cost of ownership (TCO) concept
  • Cost reduction strategies and value engineering
  • Cost benchmarking and market analysis

 

Unit 4: Risk Management in Procurement

 

  • Identifying procurement risks and vulnerabilities
  • Risk assessment and prioritization techniques
  • Strategies for mitigating procurement risks
  • Business continuity planning and resilience
  • Legal and regulatory compliance in procurement

 

Unit 5: Supplier Relationship Management

 

  • Importance of supplier collaboration
  • Supplier segmentation and relationship mapping
  • Supplier development and performance improvement
  • Collaboration tools and techniques
  • Managing conflicts and disputes with suppliers
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Procurement Professionals Mini MBA: Mastery in Strategic Procurement Strategies
REF code: Q-939
Date: 01 - 05 Dec 2024
City: Dubai
Language: English
Price: 4000 £

Course Description


Introduction

 

Welcome to the "Procurement Professionals' Mini MBA: Mastery in Strategic Procurement Strategies" training course, offered by Cambridge for Global Training. This course is designed to provide procurement professionals with an in-depth understanding of strategic procurement strategies and equip them with the skills needed to excel in their roles. Participants will delve into key concepts of procurement, explore advanced strategic approaches, and learn how to leverage procurement as a strategic function within their organizations.

 

Course Objectives

By the end of the course, participants will be able to:

 

  • Understanding Strategic Procurement: Develop a comprehensive understanding of the strategic role of procurement in organizational success.
  • Strategic Sourcing: Learn advanced techniques for strategic sourcing, including category management and supplier relationship management.
  • Cost Management: Acquire skills in cost analysis, negotiation, and total cost of ownership to optimize procurement costs.
  • Risk Management: Identify and mitigate procurement risks to ensure continuity of supply and minimize disruptions.
  • Supplier Collaboration: Explore strategies for building strong relationships with suppliers and fostering collaboration for mutual benefit.

 

Who Should Attend

 

  • Procurement managers
  • Purchasing officers
  • Supply chain managers
  • Contract managers
  • Strategic sourcing specialists
  • Anyone seeking to advance their career in procurement and supply chain management

Course Outline


Unit 1: Introduction to Strategic Procurement

  • Role of procurement in organizational strategy
  • Strategic procurement objectives and benefits
  • Procurement as a value-added function
  • Strategic alignment with business goals
  • Global trends and challenges in strategic procurement

Unit 2: Strategic Sourcing and Category Management

  • Strategic sourcing process and methodologies
  • Category management principles and practices
  • Supplier segmentation and performance management
  • Outsourcing and make-or-buy decisions
  • Innovation and sustainability in strategic sourcing

Unit 3: Cost Analysis and Total Cost of Ownership

  • Understanding procurement costs
  • Cost analysis techniques and tools
  • Total cost of ownership (TCO) concept
  • Cost reduction strategies and value engineering
  • Cost benchmarking and market analysis

Unit 4: Risk Management in Procurement

  • Identifying procurement risks and vulnerabilities
  • Risk assessment and prioritization techniques
  • Strategies for mitigating procurement risks
  • Business continuity planning and resilience
  • Legal and regulatory compliance in procurement

Unit 5: Supplier Relationship Management

  • Importance of supplier collaboration
  • Supplier segmentation and relationship mapping
  • Supplier development and performance improvement
  • Collaboration tools and techniques
  • Managing conflicts and disputes with suppliers
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