Day 1:
Foundations of Procurement Management
Overview of procurement lifecycle and its strategic importance.
Key frameworks: SCOR model, Porter’s Value Chain, and Kraljic Matrix.
Understanding regulatory compliance and legal considerations.
Case study: Lessons from a Fortune 500 company’s procurement overhaul.
Day 2:
Designing Effective Procurement Policies
Principles of policy development and alignment with organizational goals.
Risk assessment techniques and mitigation strategies.
Incorporating sustainability and ethical sourcing into policies.
Workshop: Drafting a procurement policy framework.
Day 3:
Crafting Service Level Agreements (SLAs)
Defining SLA components: scope, deliverables, and performance metrics.
Negotiation strategies for SLA development.
Monitoring and enforcing SLA compliance.
Group activity: Role-playing SLA negotiations.
Day 4:
Leveraging Technology in Procurement
Introduction to procurement software and automation tools.
Data analytics for decision-making and forecasting.
Cybersecurity considerations in digital procurement systems.
Hands-on session: Using procurement platforms.
Day 5:
Advanced Topics and Future Trends
Sustainable procurement practices and circular economy principles.
Artificial intelligence and machine learning applications.
Building resilience in global supply chains.
Capstone project: Presenting a comprehensive procurement strategy.
