Strategic Purchasing and Supply Management

OBJECTIVES
By the end of this training course participants will be able to:
• Set strategies for procurement
• Build a distinctive capability in strategic purchasing
• Evaluate purchasing key liaison role between external suppliers and internal organizational customers
• Improve profitability by controlling total costs
• Examine sustainable competitive advantage by enabling a firm to build and Leverage beneficial inter-organizational relationships

CONTENT
Amongst a wide range of valuable topics, the following will be prioritised:
• Becoming more strategic in procurement
• Developing the Spend analysis
• The ABC analysis
• Supplier portfolio Management
• Categorization of Products and Services
• Understanding Price and Cost Analysis
• Developing the Organization’s purchase price index
• Changing Supply Management
• Defining Total Cost of Ownership
• Total Cost Modelling of the Supply Chain

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:        4th – 7th Mar,                   2025     

2ND BATCH:       19th – 22nd Aug,             2025