Course Info

Date: Dec-02-2024

Length: 1 Week

City: Dubai

Fees: 3,975

Type: In Classroom

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Available Dates

  • Dec-23-2024

    Dubai

  • Jan-06-2025

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Course Details

Course Outline

5 days course

Understanding Strategic Procurement

  • Introduction to Strategic Procurement: Definition, importance, and evolution.
  • The role of strategic procurement in an organization's success.
  • Alignment of procurement strategy with corporate strategy.
  • The strategic procurement process: From needs assessment to contract management.

Supplier Management and Relationship Building

  • Identification and selection of suppliers: Criteria and strategies.
  • Building and managing supplier relationships: Communication, performance monitoring, and dispute resolution.
  • Supplier development and performance improvement.
  • Supplier risk management: Identification, assessment, and mitigation.

Strategic Sourcing and Category Management

  • Introduction to strategic sourcing: Definition, process, and benefits.
  • Category management in procurement: Approach, benefits, and challenges.
  • Cross-functional teams in strategic sourcing and category management.
  • Role of market intelligence in strategic sourcing and category management.

Negotiation and Contract Management

  • Negotiation strategies in procurement: Preparation, techniques, and closing.
  • Developing and managing contracts: Types of contracts, key components, and legal considerations.
  • Performance-based contracting: Objectives, implementation, and challenges.
  • Conflict resolution in contract management: Techniques and best practices.

Future Trends in Strategic Procurement

  • Impact of digitalization on strategic procurement: Automation, AI, and blockchain.
  • Sustainable procurement: Strategies, benefits, and challenges.
  • Skills for the future: Essential competencies for strategic procurement professionals.
  • Developing a strategic procurement plan: Steps, considerations, and presentation.

Course Video