Procurement Best Practices

Procurement Best Practices refer to the optimal methods and strategies employed by organizations to acquire goods and services in a way that ensures efficiency, effectiveness, transparency, and value for money. These practices are designed to enhance the procurement process, minimize risks, and promote fair and ethical business dealings. This training program explores key concepts forming the basis of the best practices in procurement and supply chain management and moves through leading edge issues that confront organizations today.

Program Objectives:

• Legal and Regulatory Compliance
• Strategic Procurement Planning
• Supplier Relationship Management
• Contract Management
• Risk Management in Procurement
• Technology and Innovation in Procurement
• Sustainable Procurement Practices
• Cost Management and Budgeting