• Module 1 – Procurement Fundamentals
• Module 2 – Introduction to Spend Management and Spend Analysis
• Module 3 – Introduction to Procurement Category Management
• Module 4 – Life Cycle Costing, Total Cost of Ownership & Cost Analysis
• Module 5 – Strategic Sourcing & Supplier Selection
• Module 6 – Analysing Supplier & Supply Risk – Strategic/Core Suppliers
• Module 7 – Working with And Managing Suppliers (Vendor Management)
• Module 8 – Procurement Technology and Data Analysis

Strategic Procurement is the alignment between sourcing options and the business objectives that leads to more significant and sustainable benefits to the company. It looks at long term sustainable value creation as opposed to a series of tactical operating models that may deliver short term cost benefits that lock in existing inefficiencies and fail to address the root causes of poor performance.

A strategic approach to procurement connects the company’s operational base to its business aspirations. It ensures that the service delivery model is not only aligned with, but can also help to drive forward, the critical operational and information technology (IT) aspects of the business strategy. This approach means going back to the basics by considering the direction in which the business is heading and using sourcing options to help take it there.

A good Procurement Strategy should address three fundamental questions:

• Where are we now – how effective and efficient are our current capabilities?
  
• Where could we be – what are the incremental opportunities available?
  
• How can we get there – what is the roadmap that will allow us to move forward?
  

Strategic sourcing is then the development of a true partnership between a company and suppliers of strategic value. It is about enabling the procurement organization to achieve reduced total cost of ownership through the effective use of best practices from product concept to product retirement. Strategic sourcing can result not only in leveraged cost savings, but also innovation in product design, JIT practices, etc. which can all result in improved quality and reduced lead times.

1. Gaining A Comprehensive Understanding Of Strategic Procurement, Enabling You To Align Procurement Strategies With Organizational Goals For Increased Overall Performance.
   
2. Managing Vendors More Cost-Effectively, Ensuring Better Negotiation Outcomes
   And Stronger Supplier Relationships That Contribute To Your Company’s Bottom Line.
   
3. Understanding And Implementing Life Cycle Costing To Evaluate The Total Cost Of
   Ownership, Optimizing Procurement Decisions Over The Entire Lifespan Of Products And Services.
   
4. Performing And Practicing Advanced Spend Analysis And Category Management,
   Empowering You To Identify Savings Opportunities, Streamlining Procurement
   Processes, And Driving Strategic Sourcing Initiatives.
   
5. Equipping You With The Practical Skills And Knowledge To Elevate Your Procurement
   Function, Adding Significant Value To Your Organization.
   

• Interactive Lectures
  
• Class Participation and Exercises