Procurement Management Skills

Overview

Procurement Management is a critical function that plays a significant role in an organization's success. By effectively managing procurement processes, organizations can realize cost savings, mitigate risks, improve supplier relationships, make strategic decisions, comply with regulations, and optimize their supply chains. This awareness is essential for both organizations and procurement professionals, as it enables them to drive business growth and success.

Procurement Management plays a crucial role in ensuring the smooth and efficient operation of an organization. It encompasses a variety of functions, including the identification of needs, the acquisition of goods and services, and the management of supplier relationships. By effectively managing these processes, procurement managers can help their organizations save costs, mitigate risks, and ultimately drive business growth. This introductory guide will provide an overview of procurement management and its significance in the overall functioning of an organization.

This course will provide participants with practical knowledge and skills essential for effective procurement management Trainees will learn to define procurement needs, develop effective procurement strategies, select suppliers, evaluate proposals, manage contracts, assess supplier performance, establish KPIs, and manage relationships with suppliers. The practical skills acquired will enable participants to optimize procurement operations, mitigate risks, and contribute to organizational growth and success.

Objective

This training aims to enhance performance and efficiency by increasing the knowledge and skills of organization staff in managing the procurement function. Participants will understand the elements of procurement within the wider discipline of supply chain management. Therefore, upon completion of this training program the trainees are expected to have the ability to:

  • Recognize the role of procurement and its contribution to achieving organizational objective
  • Evaluate internal spending and supply market dynamics to formulate strategic sourcing and procurement plan
  • Application of different sourcing strategies to leverage savings and ensure supply security
  • Supplier selection and performance management to achieve an optimum balance between material cost price and quality
  • Develop skills required for effective supplier relationships to achieve enhanced value
  • Manage the performance of procurement processes for continuous improvement

Content

The course will introduce trainees to the strategic importance of procurement management and cover key topics such as the procurement process, supplier selection and management, contract management, and payment terms and conditions. Trainees will develop practical skills in setting KPIs for suppliers, managing supplier relationships, and understanding legal and financial implications related to procurement. . Specifically, our training will cover most importance below 5 modules:

  • Module 1: Introduction to Procurement
  • Module 2: Procurement Planning Procedure
  • Module 3: Supplier Selection and Contract Management
  • Module 4: Supplier’s Performance and Relationship Management
  • Module 5: Payment Terms and Conditions

Who should Attend?

This course will benefit Procurement Professionals and Senior Buyers who are responsible for procurement functions within their organizations. This includes professionals from various industries such as manufacturing, retail, healthcare, technology, and government agencies. Specifically, this course is perfect for:

  • Procurement managers
  • Procurement officers
  • Supply chain managers
  • Sourcing managers
  • Purchasing managers,
  • As well as senior buyers who are involved in supplier management, contract negotiations, and strategic procurement planning

Trainer's Profile

He is a Supply Chain Director for one of the leading real estate and resort investments with over 15 years in leading and directing the Procurement, Logistics, and Warehouse Manager to ensure that critical processes run effectively and achieve the company’s goals with billions of dollars in investment.

Fee Charged

The course fee is USD 270.00. It is inclusive of course materials, handouts, meals, refreshments, and certificates of completion but does exclude 10% of VAT amount.

We are offering an early bird registration fee to anyone who registers earlier. Interested participants or companies are encouraged to view the course details and early bird registration deadline. For further details on the early bird fee, please find the following:

USD 230 (Register before 7 March 2024)
USD 250 (Register before 15 March 2024)