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A highly interactive training

The Complete Course on Procurement Strategy Management

Improving an Organisation’s Profitability Through Procurement Understanding
Coventry Academy - The Complete Course on Procurement Strategy Management
5
Days

Course Schedules

 Dubai
 21-25 Apr 2025
 $5,950
 London
 18-22 Aug 2025
 $5,950
 Dubai
 08-12 Dec 2025
 $5,950

Training course overview

Is your department struggling to keep pace with the evolving needs of your organization, appearing slow to adapt and not fully aligned with stakeholder requirements? Effective procurement, when elevated to a strategic function, can significantly impact profitability and operational efficiency. By developing robust sourcing strategies, enhancing resource skills, and leveraging technological advancements, procurement can become a vital driver of competitive advantage.

This Coventry Academy training course offers a comprehensive guide to mastering strategic procurement. It addresses the complexities of managing procurement in a rapidly changing technological and global environment, focusing on cost reduction, innovation, and value addition. Through this course, you will learn to craft effective strategies for acquiring ideas, goods, and services, ensuring your procurement practices are well-aligned with organizational goals and stakeholder expectations.

What are the goals?

By attending this Coventry Academy training course delegates will be able to:

  • Set Strategies for World Class Procurement
  • Evaluate Procurement Performance
  • Learn Value for Money Techniques
  • Improve the Image of the Procurement Organisation

Who is this training course for?

This Coventry Academy training course is suitable for 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

Day One: Steps to Becoming World Class
  • What World Class Procurement Departments do differently
  • Category Management & Strategic Sourcing
  • The Kraljic Matrix
  • Winning Procurement Competencies
  • Build a Solid Business Case
Day Two: Evaluating Your Own Operation
  • Procurement Gap & Benchmarking Analysis
  • Spend & Opportunity Analysis
  • Developing the Procurement Department Strategic Plan
  • Developing Key Performance Indicators (KPI) For Procurement
  • Material Chain Management
Day Three: Continuous Improvement Roadmap
  • Key Enablers of Procurement
  • Agile Procurement
  • Supplier Pricing and Managing Price
  • Cost Reduction Strategies
  • Digitalisation
Day Four: Supplier Management Approaches
  • Supplier Classification System
  • Supplier Qualification Methods
  • Supplier Performance Metrics
  • Managing Procurement Risks
  • Contract Management
Day Five: Improving the Image of Procurement
  • Global Sourcing
  • Market Intelligence
  • Stakeholder Management
  • Ethics & Corporate Social Responsibility
  • Keeping Current in the profession

The certificate

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

Coventry Academy
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