Advanced Procurement Skills

Mastering Procurement: Beyond the Basics

Schedules
5 Found
Date Duration Venue Fees
06-10 May 2024 5 Days Dubai - UAE US$4,450 Register
05-09 Aug 2024 5 Days Dubai - UAE US$4,450 Register
04-08 Nov 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

Agility, efficacy, and cost-effectiveness are critical factors for achieving success in the ever-evolving business landscape of today. Procurement, once solely focused on transactional buying, has transformed into a strategic function that drives value creation and competitive advantage. The Advanced Procurement Skills course provides participants with the knowledge and resources necessary to transform your procurement approach from tactical to strategic, thereby enabling you to establish yourself as an authentic industry leader.

The course is designed to empower participants with the knowledge, skills, and strategic mindset necessary to navigate complex procurement challenges and contribute significantly to the success of their organizations. The course will elevate participants’ procurement skillset beyond the tactical level, enabling them to become strategic partners contributing to organizational success.

The course will equip participants with advanced sourcing, negotiation, risk management, contract administration, and data analytics skills for optimal cost management and value generation. Additionally, the course will develop participants’ leadership and communication skills to build influence and drive change within the procurement function.

Course Objectives

Upon completion of “Advance Procurement Skills” course, participants will:

  • Understand advanced concepts in strategic procurement.
  • Analyze the procurement landscape and its impact on organizational goals.
  • Develop a comprehensive procurement strategy aligned with business objectives.
  • Conduct advance market analysis and intelligence.
  • Implement effective supplier relationship management strategies.
  • Utilize technology for optimal strategic sourcing outcomes.
  • Employ Effective communication strategies.
  • Build and sustain win-win relationships with suppliers.
  • Embrace sustainable procurement practices.
  • Develop and implement a comprehensive procurement strategy.
  • Establish measurement and evaluation metrics for ongoing improvement.

Target Audience

This course is designed for procurement professionals at all levels who are looking to elevate their skills and knowledge to become strategic partners in their organizations. It is also beneficial for individuals in other business functions who want to gain a deeper understanding of the strategic value of procurement.

It is suitable for a wide range of working professionals, including (but not limited to) the following:

  • Program Directors/Managers
  • Project Directors/Managers
  • Procurement Directors/Managers
  • Supply Chain Directors/Managers
  • Experienced Procurement Professionals
  • Entrepreneurs and Business Owners
  • Aspiring Procurement Leaders
  • Anyone seeking professional growth in Procurement

Training Methodology

The training methodology for the “Advanced Procurement Skills” course adopts a blended learning approach, combining interactive lectures, case studies, group discussions, simulations, and real-world examples to provide a comprehensive and engaging learning experience. Participants will have the opportunities to apply their learnings through practical exercises and case studies, ensuring they leave the course with actionable insights and skills.

Course Outline

Day One

Mastering Strategic Procurement Foundations

  • Introduction to Advanced Procurement Strategies
  • The evolving role of procurement in modern organizations.
  • Key Concepts in Strategic Procurement
  • Understanding the Procurement Landscape
  • Procurement Planning and Strategy Development
  • Aligning Procurement strategies with Organizational goals.
  • Measuring and communicating the value of procurement.
Day Two

Strategic Sourcing Excellence

  • Advanced Market Analysis and Intelligence
  • Supplier Relationship Management Strategies
  • Leveraging Technology for Sourcing Success
  • Risk Mitigation and Contingency Planning
  • Spend Analysis methodologies and tools for Data-Driven decision making.
  • Category Management and Supplier Segmentation
  • Sourcing Methodologies
Day Three

Negotiation in Procurement

  • The Art and Science of Negotiation
  • Effective Communication Strategies
  • Building Win-Win Relationships with Suppliers
  • Win-win negotiation strategies and tactics for optimal outcomes.
  • Building and managing sustainable supplier relationships.
  • Contract management best practices
Day Four

Cost Optimization and Innovation in Procurement Practices

  • Total Cost of Ownership (TCO)
  • Value-based sourcing and procurement for maximising ROI.
  • Integrating Innovation into the procurement process
  • Environmental, Social, and Governance (ESG) Considerations
  • Continuous Improvement Strategies
  • Leveraging data analytics for strategic decision making and supplier performance evaluation.
  • Emerging trends in procurement technology.
Day Five

Communication Management and Dispute Settlement

  • Communication Management and the successful procurement
  • Stakeholder Management in Procurement.
  • Strategies for influencing stakeholders.
  • Change Management Strategies for successful implementation of procurement initiatives.
  • Procurement Disputes and Dispute Settlement Mechanisms.

Certificates

Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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