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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 Online 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 online 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 online 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
- A Coventry Academy e-Certificate will be provided to delegates who attend and complete the online training course