Procurement Best Practices 

Tools & Techniques in Developing Successful Business

5 Found
Date Duration Venue Fees
09-13 Oct 2023 5 Days Dubai - UAE US$3,450 Register
25-29 Dec 2023 5 Days London - UK US$4,450 Register
13-17 May 2024 5 Days London - UK US$5,450 Register
22-26 Jul 2024 5 Days Dubai - UAE US$4,450 Register
23-27 Sep 2024 5 Days Barcelona - Spain US$5,450 Register
07-11 Oct 2024 5 Days Dubai - UAE US$4,450 Register
23-27 Dec 2024 5 Days London - UK US$5,450 Register

Course Overview

What is Procurement, buying is what procurement is known for, but … it’s much more than shopping!

Procurement is about adding value, exploring every option, finding alternatives, championing sustainability, make business decisions; in our course, the participant will learn more about procurement techniques, how to be efficient and how to add value to the business and to increase the level of understanding of the people around in addition to that procurement is an earlier step in supply chain management. It has a significant effect on all the cycles after, so it’s not only about the business; it’s about the supply chain management efficiency.

In this 5-day interactive Procurement Best Practices training course, the participants will be able to understand the best practices in procurement management that will bring an edge to the function and the business, so it the essential for each procurement professional to learn and apply best practices in their organisation and function and be champion who understand and give advises to other whatever its role in the procurement organisation or team. It will lead the participants to have a clear roadmap about procurement function best in class according to the latest trends and techniques in applying efficient procurement management from earlier stage to service delivery; these tools and techniques apply not to a specific industry or field its applicable to everyone working in the profession and to all sectors

Course Objectives

After the training course, the participant will learn to:

  • Understand and develop new techniques according to its business
  • Expand its look and gain a strategic view
  • Enhance and create the required skills for success in the field
  • Analyse things around with a more critical eye
  • Know the keys to enhancing the current & future business objectives

Target Audience

This training course is a real-life Strategic direction in procurement management mixed with facts to enable the supporting business operation.

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

  • Procurement Managers and Specialists
  • Project Managers
  • Supply Chain Managers and Directors
  • Contracts, Purchasing, and Procurement Personnel
  • Project, Engineering, Operational, and Maintenance, Personnel who are involved in the planning, and execution of purchases and contracts

Training Methodology

A blended learning approach drives this training course. It draws on various adult learning techniques such as action learning, experiential exercises, group discussions, video case studies and self-reflection activities but mainly in PPT presentation, resulting in a variety of activities that helps participant stay engaged throughout the training course, feel challenged and draw quick wins for their development. It also ensures participants are exposed to ample opportunities to apply what they learn to the real-world challenges they face in the workplace.

Course Outline

Day One


  • What is Procurement Strategy?
  • Why do we need Procurement Strategy?
  • Procurement Strategy Challenges
  • Strategy Development
  • Make or Buy
  • 7 Rules of Negotiation
Day Two

Supplier Relationship Management

  • What is Supplier Relationship Management?
  • The benefits of Effective Supplier Relationship Management
  • Challenges of Supplier Relationship Management
  • Karljic Matrix
  • Improving the Supplier Relationship Management
  • 5 Tips for Operation Management Success
Day Three

Contract Management

  • What is Contract Management?
  • How does Contract Management work?
  • How to form Contract Management Strategy?
  • Contract Management Best Practices
  • Contract Management Cycle
  • 5 Steps Managing Risks in Procurement
Day Four

Category Management

  • What is Category Management?
  • What are the principles of Category Management?
  • Category Management Strategy
  • Difference with Strategic Sourcing
  • 10 Ways to improved Supplier Relationship Management
Day Five


  • What types of Sourcing are there?
  • What are the steps in Sourcing?
  • What is the difference between Procurement & Sourcing
  • Sourcing Strategy
  • Single vs Sole Sourcing
  • What are Sustainable Development Goals?


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

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