Procurement is at the heart of the supply chain function, with the procurement department often spending up to 70% of a company's budget. In this course, we will explore the strategic role of the procurement function and how this department can contribute to the entire organization. We will discuss supplier evaluation and negotiation to maximize the procurement department's contribution. Furthermore, we will explore the latest innovative techniques for continuous improvement within the procurement department.
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 played by procurement
Use proper negotiation techniques with suppliers to maximize value and generate savings
Evaluate the performance of the department at the macro level
Chart a path for personal learning and growth as a procurement professional
Apply techniques to assess gaps and improve department performance
Target Audience
Senior buyers, purchasing supervisors, purchasing managers and other supply chain personnel.