Procurement is one of the most important functions for successful organizations. Procurement has gained superior strategic importance in multinational companies in recent years. Indeed, procurement is a crucial function within any business and plays a vital part in adding value to the bottom line for the success of a business. Selecting and applying the appropriate methodologies to ensure value for money and high-quality delivery by suppliers requires competent skills for procurement professionals.

This course is designed to help procurement professionals gain the competencies required to excel in today’s business environment. This course focuses on the common “gaps” in the performance of the procurement that must be filled to provide the continuous improvements needed for the organizations to meet their strategic objectives. This course will help participants to learn how to ensure the security of supply, generating savings and satisfying internal customers.

By attending this Procurement Specialist training course, participants will be able to:

• Understand the role of Procurement and its contribution to achieving organizational objectives
• Demonstrate knowledge and understanding of the procurement processes for better value
• Plan, prepare and apply effective negotiations and evaluate their effectiveness
• Evaluate internal spend and supply market dynamics to formulate strategic sourcing plan
• Application of different sourcing strategies to leverage savings and ensure supply security
• Management of supplier and market associated risks to protect the interest of the organization
• Develop skills required for effective supplier relationships to achieve enhanced value
• Manage Performance Measurement, Evaluation, and Quality Management
• Understand International Best Practices and the influence of the External Environment in Procurement
• Manage performance of procurement processes for continuous improvement
• Implementation of operational and strategic procurement processes streamline procurement operations
• Applications of purchasing tools and templates to foster operational efficiency
• Supplier selection, integration Management to achieve an optimum balance between material cost price and quality

• The Procurement Specialist: The A to Z of Procurement Best Practices training course is designed for wide range of professionals include:
  • Procurement Executive and Specialist
  • Contracting Officers and Specialists
  • Senior Procurement Professionals
  • Contract and Procurement Managers
  • Buyers and Senior Buyers
  • Commodity Procurement Specialists
  • Project, Engineering, Operational, and Maintenance personnel who are involved in the planning and execution of purchases and contracts
  • All involved in the acquisition of materials, equipment, and services wanting high levels of competency

• Role of Procurement & Contribution Overview
• Setting the Strategic Sourcing Methodology
• Development of Procurement Processes and Implementation
• Supplier Integration and Management
• Performance Management and Continues Improvement