Day 1:
Strategic Purchasing and Procurement Management
Understanding the evolving role of procurement in modern organizations
Key principles of strategic sourcing and procurement management
Analyzing and selecting procurement strategies aligned with organizational goals
Developing a robust procurement plan and identifying key performance indicators (KPIs)
Day 2:
Supplier Relationship Management
Building and maintaining long-term supplier partnerships
Supplier performance management and measurement techniques
Negotiating terms, conditions, and pricing with suppliers
Managing supplier risks and ensuring supply chain continuity
Day 3:
Risk Management in Purchasing and Supply
Identifying and assessing risks in the supply chain
Developing risk mitigation strategies and contingency planning
Navigating supply chain disruptions and their impact on procurement
Leveraging insurance and contracts to manage risk exposure
Day 4:
Leveraging Technology in Procurement
Introduction to e-procurement and digital tools in purchasing
Utilizing data analytics for smarter procurement decisions
Automation in purchasing processes: Benefits and challenges
Implementing and integrating procurement technologies within existing systems
Day 5:
Advanced Negotiation and Contract Management
Negotiation tactics and strategies for procurement professionals
Legal and contractual aspects of procurement
Managing contract execution and ensuring compliance
Ethical considerations and sustainability in procurement practices
