Strategic Purchasing & Supply Management

Training course overview

This Coventry Academy Training Course leads delegates through the development and implementation of carefully crafted strategies for the acquisition of all goods, parts, equipment, and services to reduce operating cost while improving quality and productivity. With the growing importance of supply-chain management, purchasing has assumed an increasingly pivotal strategic role, evolving from an obscure buying function into a strategic business thinking. Intense competitive pressures have forced companies to reexamine their approach to managing suppliers and their supply base. Purchasing is thus increasingly regarded as a strategic tool, centered on its ability to create collaborative relationships for firm advantage. The ability to extract benefits from supplier relationships is linked to the way these relationships are managed. Thus, it is not enough for a firm to possess a strategic purchasing orientation, they must also create conditions which allow the buyer and supplier to contribute and develop the relationship. Various supply management practices facilitate this process. 

What are the goals?

By the end of this Coventry Academy Training Course delegates will be able to:

• Set Strategies for Procurement
• Build a Distinctive Capability in Strategic Purchasing
• Evaluate Purchasing Key Liaison Role Between External Suppliers and Internal Organizational Customers
• Improve Profitability by Controlling Total Costs
• Examine Sustainable Competitive Advantage by Enabling a Firm to Build and Leverage Beneficial Inter-Organizational Relationships

Who is this training course for?

This Coventry Academy Training Course is suitable to a wide range of professionals, but will greatly benefit:

• Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
• All Others Who are Involved in the Planning, Evaluation, Preparation and Management of Purchasing and Contracts that Cover the Acquisition of Materials, Parts, Equipment, and Services and Who Are in Organizations Whose Leadership Want High Levels of Excellence in Those Involved in These Activities

Course Outline

 Amongst a wide range of valuable topics, the following will be prioritised:

• Becoming More Strategic in Procurement
• Developing the Spend Analysis
• The ABC (Pareto) Analysis
• Supplier Portfolio Management
• Categorization of Products and Services
• Understanding Price and Cost Analysis
• Developing the Organization’s Purchase Price Index
• Changing Supply Management
• Defining Total Cost of Ownership
• Total Cost Modelling of the Supply Chain

The certificate

• Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course