Becoming An Effective Procurement Professional

Course Objectives

• Understand why procurement is important to an organization
• Appreciate what is meant by strategic procurement
• Learn how to develop a strategic procurement plan that adds value to the organization
• Learn how to conduct an assessment of your current procurement function and define strategies to employ in optimizing your procurement function in terms of material spend, processes and resources
• Understand the significance of Supplier Relationship Management and (SRM) and establish ways to measure supplier performance
• Learn techniques in managing material cost reduction and techniques in achieving cost reduction targets
• Understand the skills required to be a procurement leader

Target Audience

This program is suitable for executives and junior managers who what to enhance their understanding and skills in the procurement function. Apart from professionals in the procurement department, this program is also suitable for those in the finance, technical and other departments that also influence procurement decisions.

Methodology

The training methodology will include short lectures, presentations, discussions and ideas sharing.

Course Modules

• Module 1: The Influences That Continues To Reshape The Purchasing Function
• Module 2: Assessing and Analyzing the Current Procurement Function
• Module 3: Developing Strategies and Objectives To Enhance the Procurement Function
• Module 4: SRM and Its Importance in a Strategic Procurement Function
• Module 5: Understanding Cost Management in Achieving Cost Reduction Targets
• Module 6: Leadership Qualities in the Procurement Function