30-20-10 Procurement: Navigating Issues and Implementing Solutions

Course Objectives
• Understand the key issues and challenges faced in procurement processes
• Develop strategies to mitigate risks and optimize procurement efficiency
• Implement solutions to streamline procurement operations and improve overall performance
Course Content
Introduction to Procurement Challenges
• Understanding the procurement process
• Identifying common issues and challenges
• Recognizing the impact of inefficient procurement on organizational performance
Risk Management in Procurement
• Identifying and assessing procurement risks
• Developing risk mitigation strategies
• Implementing risk management frameworks
• Monitoring and evaluating risk management effectiveness
Supplier Relationship Management
• Importance of effective supplier relationships
• Strategies for building and maintaining strong supplier relationships
• Conflict resolution techniques in supplier relationships
• Evaluating supplier performance and managing underperformance
Procurement Process Optimization
• Streamlining procurement workflows and procedures
• Leveraging technology to automate and optimize procurement processes
• Implementing lean procurement principles
• Continuous improvement in procurement operations
Ethical and Sustainable Procurement
• Ethical considerations in procurement
• Sustainable procurement practices
• Compliance with relevant laws and regulations
• Promoting transparency and accountability in procurement
Procurement Analytics and Reporting
• Importance of data-driven decision making in procurement
• Collecting and analyzing procurement data
• Generating meaningful reports and insights
• Using analytics to drive continuous improvement
Case Studies and Best Practices
• Analyzing real-world case studies of successful procurement solutions
• Identifying and applying best practices in procurement
• Adapting solutions to different organizational contexts

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 14th – 17th Jan, 2025
2ND BATCH: 13th – 16th May, 2025
3RD BATCH: 23rd – 26th Sept,2025