STRATEGIC PROCUREMENT MANAGEMENT TRAINING COURSE OVERVIEW

Strategic Procurement Management Training is a course that seeks to provide you with the ability to build management and strategic procurement abilities to increase value for money. It will allow you to evaluate the meanings and outcomes of the stages involved in developing an effective procurement plan. This training course is intended to prepare participants for worldwide shifts in transformational leadership, finance, and procurement methods. This training equips participants with the information and skills to handle company and project procurement functions successfully and efficiently.
The certificate in strategic procurement management course is essential for many projects since procured products and services account for the majority of expenditure, making it critical to get value for money through thorough analysis and management. In addition, the procurement strategy will encourage a controlled and auditable reaction to external forces while ensuring that project objectives are accomplished.
It will allow you to evaluate the meanings and outcomes of the stages involved in developing an effective procurement plan. In addition, it will improve your understanding of how the process should be carried out.

For the course’s full details, click on Strategic Procurement Management

JK Michaels institute also offers other products and courses, including STRATEGIC PLANNING DEVELOPMENT & IMPLEMENTATION TRAINING, PROCUREMENT MANAGEMENT PROFESSIONAL (GAFM), CONTRACT MGT PRINCIPLES AND PRACTICES, TENDERING PROCUREMENT & NEGOTIATION, and CONTRACT MANAGEMENT.

STRATEGIC PROCUREMENT MANAGEMENT TRAINING BENEFITS

Organisational Benefits.

• Increases overall organizational effectiveness
• Trained project managers maximize your company’s 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

Personal Benefits.

• 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

STRATEGIC PROCUREMENT MANAGEMENT TRAINING 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

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