Procurement is at the heart of the supply chain function, with the procurement department often spending up to 70% of a company's budget. In this course, we will explore the strategic role of the procurement function and how this department can contribute to the entire organization. We will discuss supplier evaluation and negotiation to maximize the procurement department's contribution. Furthermore, we will explore the latest innovative techniques for continuous improvement within the procurement department.
Course Methodology
This course uses a variety of interactive training methods such as case studies, team exercises, individual exercises, and questionnaires.
Course Objectives
By the end of the course, participants will be able to:
Identify the important organizational role played by procurement
Use proper negotiation techniques with suppliers to maximize value and generate savings
Evaluate the performance of the department at the macro level
Chart a path for personal learning and growth as a procurement professional
Apply techniques to assess gaps and improve department performance
Target Audience
Senior buyers, purchasing supervisors, purchasing managers and other supply chain personnel.
Target Competencies
Procurement management
Procurement strategies
Negotiations
Supplier evaluation
Personal development
Procurement KPIs
Continuous improvement
Course Outline
Role of procurement management
Recognizing strategic role of procurement
Profiling spend categories
Analyzing spend impact
Assessing market risks
Consolidating category reports
Go-to-market sourcing strategies
Applying Total Cost of Ownership (TCO)
Negotiating with suppliers
3 secrets for successful negotiations
Planning for negotiations
Desired outcomes and preparation
Characteristics of good negotiators
Negotiation styles
6 key principles of persuasion
Managing department performance
The SCOR framework
Metrics hierarchy and cascading KPIs
GreenSCOR metrics
Setting performance targets
Continuous performance improvement
Developing the procurement professional
Purpose of performance management
Types of continuous professional development
Procurement goals, objectives and targets
Setting personal objectives
Competency development
Continuous improvement in procurement
The continuous improvement journey
Improvement initiatives
Departmental inter-dependencies
Role of Service Level Agreements (SLAs)
Measuring procurement performance against SLAs
Schedule & Fees
2026 Schedule & Fees
There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.