Strategic Procurement is essential to the success of modern organizations, and successful organizations need highly trained and effective procurement professionals. The role of a purchasing personnel has evolved from buyers to negotiators and most significantly, from transactional order placers to strategic business partners. Therefore, a robust procurement strategy and personals are of paramount importance to deliver efficient inventory flow into the supply chain.

This course aims to equip you with the capacity to develop management and strategic skills in procurement in order to increase value for money. It will enable you to assess the meanings and outcomes of the stages in the development of an effective procurement strategy. This training course designed to meet global changes in transformational leadership, finance and procurement strategies.

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

• Understand Total Cost of Ownership Approach and Capital Equipment Life Cycle Costing
• Define and Apply Global Sourcing Strategies to Achieve Organizational Objectives
• Implement Category Management Strategies to Maximize Total Cost Savings
• Realize The Contribution of Procurement in Achieving Organizational Objectives
• Demonstrate Knowledge and Understanding of Strategic Procurement Processes
• Understand Financial and Cost Drivers and Its Impact on Value Chain
• Manage Supplier Relationship and Performance Management for Better Value
• Understand Strategic Leadership and Ethics in Procurement

• Senior Procurement and Supply Chain Professionals
• Managers and Leaders involved in major global sourcing activities
• Finance Professionals involved with major capital expenditure projects
• Project, Contract and Procurement Managers
• Senior Buyers and Category Management Professionals
• Procurement and Supply Chain Professionals Wish to Develop Knowledge in Strategic Procurement

• Introduction to Strategic Procurement Management
• Financial and Cost Impact Awareness along the Value Chain
• Global Sourcing and Category Management Strategies
• Supplier Relationship and Performance Management
• Procurement Leadership & Ethics in Procurement