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A Highly Interactive Training Course On

Strategic Purchasing & Supply Management

Cost/Price Analysis, Value Analysis & Total Cost of Ownership Concepts

Strategic Purchasing & Supply Management

Course Schedule

Classroom

No classroom dates are currently available.

Online

Training Introduction

The Strategic Purchasing & Supply Management training course equips participants with advanced strategies to optimize procurement, reduce operating costs, and improve quality and productivity. As supply chain management continues to evolve, purchasing has shifted from a transactional function to a strategic business capability.

This course emphasizes developing collaborative relationships with suppliers to gain competitive advantage while leveraging supply management practices to drive efficiency and innovation. Participants will explore cost and price analysis, value analysis, and Total Cost of Ownership (TCO) concepts, learning to implement effective strategies that strengthen supplier relationships and enhance organizational performance.

Through interactive exercises, case studies, and practical applications, this course enables participants to align purchasing strategies with corporate objectives, extract maximum value from supplier relationships, and create sustainable competitive advantage. By the end, attendees will be prepared to manage strategic procurement processes that deliver measurable results for their organization.

Key focus areas of this course:

  • Developing and implementing strategic purchasing strategies
  • Building distinctive capabilities in supply and procurement management
  • Enhancing collaboration between suppliers and internal stakeholders
  • Evaluating cost, price, and value to optimize purchasing decisions
  • Applying Total Cost of Ownership (TCO) concepts to supply management
  • Driving sustainable competitive advantage through supplier relationship management

What are the goals?

This course aims to provide participants with the skills to implement strategic purchasing initiatives that improve operational efficiency, reduce costs, and strengthen supplier relationships. Participants will also learn to analyze cost structures and evaluate value for better procurement outcomes.

By the end of the training, participants will be able to:

  • Set and execute strategic purchasing strategies aligned with organizational goals
  • Develop a distinctive capability in strategic procurement and supply management
  • Evaluate the liaison role of purchasing between external suppliers and internal customers
  • Improve profitability through effective cost and price management
  • Build sustainable competitive advantage by leveraging beneficial supplier relationships
  • Apply advanced analysis techniques including cost breakdowns, value analysis, and TCO modeling
  • Strengthen decision-making in supplier selection and procurement planning

Who is this Training Course for?

The Strategic Purchasing & Supply Management training course is designed for professionals involved in procurement, contracts, and supply management who want to enhance their strategic capabilities. It is ideal for those responsible for managing supplier relationships, analyzing costs, and optimizing purchasing practices.

This training course is suitable to a wide range of professionals but will greatly benefit: 

  • Purchasing, procurement, and contracts personnel
  • Contract administration and project staff responsible for supplier engagement
  • Professionals involved in planning, evaluating, and managing purchases of materials, parts, equipment, and services
  • Individuals in organizations seeking high standards of excellence in strategic purchasing and supply management

How will this Training Course be Presented?

The course combines expert-led lectures, interactive workshops, and real-world case studies to provide participants with practical strategies in strategic purchasing. Attendees will analyze supplier costs, apply value and price analysis techniques, and model Total Cost of Ownership to improve procurement decision-making.

Participants will also engage in group exercises and scenario-based problem-solving to strengthen their skills in supplier negotiation, cost optimization, and value extraction. By the end of the course, participants will be able to implement strategic supply management practices, enhance supplier collaboration, and drive sustainable improvements in procurement and supply chain performance.

The Course Content

Day 1: Setting the Strategic Direction

  • Defining the supply management mission and vision
  • Stages to world class Supply Management
  • Becoming more strategic in procurement
  • Supply Management skill sets
  • Developing the Spend analysis
  • The ABC (Pareto) analysis

Day 2: How do you know that you got a Good Price?

  • Supplier Pricing models
  • Defining Cost and Price analysis
  • Methods of Price analysis
  • Working with Producer Price Indexes
  • Developing the Organization’s purchase price index
  • Estimating Cost in relationships

Day 3: Getting a Better Price by Analysing Cost

  • Methods of Cost analysis
  • Major elements of Cost
  • What and how important are Supplier overheads
  • Sources of cost information
  • Analysing Supplier cost breakdowns

Day 4: Using Price, Volume, International Labour and Value Analysis

  • Global Industrial Labour Rates
  • Working with Currency Exchange Rates
  • Cost Volume Profit Analysis
  • Fixed and Variable Costs Defined
  • Defining Value Analysis
  • Checking Supplier Value

Day 5: Total Cost of Ownership (TCO)

  • Changing Supply Management
  • Defining TCO
  • Barriers to TCO
  • Approaches to TCO
  • Total Cost Modelling of the Supply Chain
  • Implementing TCO

Providers and Associations

Anderson

Anderson

Aztech Training

Aztech Training

COPEX

COPEX

Frequently Asked Questions

Quick answers to common questions about this training course.

Absolutely. Coventry Academy provides customised in-house training solutions for organisations seeking a tailored learning experience. The Strategic Purchasing & Supply Management training course can be adapted to reflect your organisation's objectives, industry requirements, operational challenges, and strategic priorities. Delivered exclusively for your team, customised training enables organisations to maximise relevance, encourage collaboration, and achieve targeted development outcomes. Our team will be pleased to discuss your requirements and develop a solution that aligns with your goals.

Absolutely! If you’re attending one of our courses at an international venue, we can help
with hotel reservations and entry visas. Just reach out to our Customer Service team:

  • Phone: +971 4 420 8304
  • Fax: +971 4 420 8304
  • Email: info@coventryacademy.com

No prior experience is required to attend the Strategic Purchasing & Supply Management training course. The course is designed to accommodate participants from diverse professional backgrounds and varying levels of experience. While some familiarity with the subject matter may help participants gain additional value from certain discussions and activities, the course content is structured to ensure that both newcomers and experienced professionals can fully engage with the learning experience and benefit from the training.

Our dedicated support team is available to assist you with any questions regarding the Strategic Purchasing & Supply Management training course, including course content, scheduling, registration, corporate bookings, and customised training solutions. We are committed to providing prompt and professional assistance throughout your learning journey.

📞 Phone: +971 58 840 7925

📧 Email: info@coventryacademy.com

🌐 Website: coventryacademy.com

Registering for a course is super easy! Here’s how you can do it:

  • Online: Pick your course, hit the "REGISTER" button, fill out the form, and
    submit it.
  • Email: Drop us a line with your details at info@coventryacademy.com.
  • Phone: Give us a call at +971 4 420 8304 to book your spot.
  • Fax: Fill in the booking form (you’ll find it in our brochures, flyers, or catalogue)
    and fax it to [+971 4 420 8304](tel:+97144208304).

The Strategic Purchasing & Supply Management training course is designed to be practical, engaging, and highly interactive. Participants benefit from a dynamic learning environment that combines expert-led presentations, facilitated discussions, case studies, practical exercises, and collaborative learning activities. The focus is on developing knowledge that can be applied immediately within the workplace, ensuring participants gain both valuable insights and practical skills that support improved professional performance.

Your course fees cover:

  • For classroom courses: printed materials, lunch, and refreshments.
  • For online courses: all materials sent to you by email.
  • A certificate of completion or attendance.

You’ll need to make payment before the course starts. Here are your options:

  • Bank draft
  • Cash
  • Credit card
  • Wire transfer

Heads up: If we don’t receive payment before the course begins, we may have to deny
admission.

We delivers training courses in carefully selected professional venues that provide a comfortable and productive learning environment. Classroom-based courses are typically hosted in premium international venues with modern facilities and dedicated training spaces designed to support effective learning. Participants also benefit from a professional setting that encourages networking, collaboration, and knowledge sharing with peers from diverse industries and backgrounds.

The Strategic Purchasing & Supply Management training course is designed for professionals seeking to strengthen their knowledge, enhance their capabilities, and achieve greater impact within their organisations. It is suitable for managers, supervisors, team leaders, technical specialists, consultants, and professionals at all career stages who wish to expand their expertise and stay current with industry developments. Whether you are looking to advance your career, improve workplace performance, or prepare for new responsibilities, this course provides valuable knowledge and practical insights to support your professional growth.

Our courses are led by top-notch international instructors. They’re not just academically qualified—they’ve also got years of real-world experience. They bring practical insights and deep knowledge to every session, making your learning experience truly valuable!

Yes. Participants who successfully complete the Strategic Purchasing & Supply Management training course will receive a Coventry Academy Certificate of Completion, recognising their commitment to professional development and continuous learning. This certificate serves as formal evidence of participation and achievement and can support career progression, professional credibility, and ongoing development objectives. Where applicable, details regarding professional development credits or accreditation will be provided within the course information.

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