Procurement is at the heart of the supply chain function as the purchasing department can spend up to 70% of a company's money. In this course, we will explore the strategic role of the procurement function and how this department can contribute to the entire organization. Supplier evaluation and negotiation will be discussed to maximize the contribution of the procurement department. Furthermore, the latest innovative techniques for continuous improvement at the procurement department will be explored.

Course Methodology

This course uses a variety of interactive training methods such as case studies, team exercises, individual exercises, and questionnaires.

Course Objectives

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

• Identify the important organizational role of the procurement department
• Use proper negotiation techniques with suppliers
• Evaluate the performance of the department at the macro level
• Decide how to choose the best suppliers for their operations
• Apply the latest innovative procurement techniques for the 21st Century 

Target Audience

Senior buyers, purchasing supervisors, purchasing managers and other supply chain personnel.

Target Competencies

• Procurement planning
• Negotiation planning
• Evaluating suppliers
• Training buyers
• Writing policies
• Market search for better suppliers
• Course Synopsis
• Program Modules

Modules Themes:

• Module 1: The Role of Procurement Management
• Module 2: Negotiating with Suppliers
• Module 3: Managing and Evaluating Department Performance
• Module 4: Training Procurement Staff
• Module 5: Kaizen and Continuous Improvement in Procurement
• Module 6: Modern Supply Chain and Logistics Trends
• Module 7: Material Forecasting and Inventory Planning
• Module 8: Procurement Go-to-Market Strategies
• Module 9: Role of Warehousing in Procurement
• Module 10: Supply Chain Operations Reference (SCOR)