STRATEGIC PROCUREMENT MANAGEMENT

Strategic procurement management course is an classroom training that aims to equip you with the capacity to develop management and strategic skills in procurement in order to increase value for money. The strategic procurement management course is key for many projects because procured goods and services form the highest percentages of expenditure, so it is important to achieve value for money through careful appraisal and management. The procurement strategy will promote a controlled and auditable response to external influences and ensure that the project, objectives are met.

It will enable you to assess the meanings and outcomes of the stages in developing an effective procurement strategy. It will build your skills on how the process should be undertaken.

This interactive strategic procurement management training course leads delegates through developing and implementing carefully crafted strategies for acquiring all goods, parts, equipment, and services. This is a critical issue for all organizations wishing to reduce operating costs while improving quality and productivity.

This strategic procurement training course explores key concepts of Strategic Cost/Price Analysis, Value Analysis and Total Cost of Ownership that will move today’s supply management organization to the strategic focus needed to achieve world-class performance. Organisations sticking to outdated procedural and tactical approaches will be outcompeted by leading organisations utilising the latest approaches and techniques to ensure that their supplier base matches their ambitions.

This JK Michaels training course will feature:

• Setting strategies for world-class procurement
• Maximising value for money
• Options for International supply chain sourcing
• Improving profitability by controlling total costs
• Understanding and managing supplier pricing models

Strategic Procurement Management Learning Outcome

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

• Understand the principles of strategic procurement management
• Understand the increasingly strategic role of procurement and its importance to the life of an organization
• Know where their organization is now, and where it wants to be
• Recognize the importance of the key processes underpinning strategic procurement management – category management, strategic sourcing, contract management and P2P (Purchase to Pay)
• Understand the need for business alignment, and have the confidence to work cross-functionally with budget-holders, finance managers, legal staff, etc
• Know how to choose suppliers in a fair and transparent way
• Understand the contract management lifecycle and the importance of a good contract
• Know how to manage contracts effectively using KPIs (Key Performance Indicators)
• Recognize that suppliers can be some of the best assets of an organization and know how to manage the supply base effectively
• Understand the concept of value for money and the need to ensure value for money in everything bought
• Measure procurement performance and apply techniques to ensure continuous improvement

PERSONAL IMPACT

• Gives Global Recognition
• Increases your international marketability
• Increases your Earning Potentials,Certified PM earn 25% more than non-certified PM
• Increases career opportunities
• Create Job Security,while boosting your personality
• Create Job Security,while boosting your personality

ORGANIZATIONAL IMPACT

• Increases overall organizational effectiveness
• Trained project managers maximizes your company ROI,bringing in projects on time and within budget.
• Increases organizational agility and brand reputation
• Increases customer satisfaction
• Transform organizational culture
• Make your scheduling and shop loading more efficient
• Narrow the gap between sales and stock replacement
• Fine-tune your record-keeping accuracy for better inventory management

JK Michaels institute also offers other products and courses, including STRATEGIC PROCUREMENT MANAGEMENT TRAINING, MASTER CERTIFICATE IN SUPPLY CHAIN MANAGEMENT, STRATEGIC PLANNING DEVELOPMENT & IMPLEMENTATION, LEAN SUPPLY CHAIN MANAGEMENT COURSE, and CERTIFIED SUPPLIER QUALITY PROFESSIONAL COURSE.