Procurement Process Management

Objectives:
• Understand the fundamentals of procurement and its significance in organizational operations.
• Learn the key stages of the procurement process and associated best practices.
• Develop skills to effectively plan, execute, and monitor procurement activities.
• Gain insights into supplier relationship management and negotiation strategies.
• Explore techniques for managing procurement risks and ensuring compliance with regulations.
• Learn how to leverage technology and data analytics in procurement decision-making.
• Enhance your ability to evaluate procurement performance and drive continuous improvement.
Course Content:
Introduction to Procurement Management
• Definition and scope of procurement
• Importance of strategic procurement management
• Roles and responsibilities of procurement professionals
• Overview of procurement policies and procedures
Procurement Planning and Strategy
• Developing procurement objectives and goals
• Conducting market research and supplier analysis
• Formulating procurement strategies and sourcing plans
• Risk assessment and mitigation strategies in procurement planning
Procurement Processes and Procedures
• Requisition and purchase order processing
• Supplier selection and qualification
• Contract management and administration
• Quality assurance and inspection processes
Supplier Relationship Management (SRM)
• Building and maintaining supplier relationships
• Supplier performance evaluation and feedback mechanisms
• Collaborative supplier development initiatives
• Managing conflicts and resolving disputes with suppliers
Negotiation Skills in Procurement
• Principles of effective negotiation
• Preparation and planning for procurement negotiations
• Negotiation tactics and strategies
• Contract negotiation and agreement drafting
Procurement Risk Management
• Identifying and assessing procurement risks
• Risk mitigation strategies and contingency planning
• Compliance with legal and regulatory requirements
• Business continuity planning in procurement
Technology and Innovation in Procurement
• Role of technology in transforming procurement processes
• Electronic procurement (e-procurement) systems
• Use of data analytics and artificial intelligence in procurement
• Emerging trends and innovations in procurement technology
Procurement Performance Measurement
• Key performance indicators (KPIs) for procurement
• Establishing benchmarks and performance targets
• Monitoring and evaluating procurement performance
• Continuous improvement initiatives in procurement
Ethical and Sustainable Procurement
• Ethical considerations in procurement decision-making
• Sustainable procurement practices and principles
• Environmental and social responsibility in supply chain management
• Corporate social responsibility (CSR) initiatives in procurement
Case Studies and Best Practices
• Real-world case studies illustrating successful procurement strategies
• Best practices for optimizing procurement processes and outcomes
• Lessons learned from industry leaders in procurement management
Future Trends in Procurement
• Emerging trends and challenges in the field of procurement
• Impact of globalization and geopolitical factors on procurement
• Future opportunities for innovation and improvement in procurement management

FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

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:        18th – 21st Mar, 2025     

2ND BATCH:       9th – 12th Sept,2025