Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • Aug-19-2024

    Kuala Lumpur

  • Sep-16-2024

    Kuala Lumpur

  • Oct-21-2024

    Kuala Lumpur

  • Nov-18-2024

    Kuala Lumpur

  • Dec-16-2024

    Kuala Lumpur

Dates in Other Venues

  • July-22-2024

    Paris

  • July-22-2024

    Dubai

  • July-29-2024

    Singapore

  • July-29-2024

    Barcelona

  • Aug-05-2024

    Dubai

  • Aug-05-2024

    Paris

  • Aug-05-2024

    Barcelona

  • Aug-12-2024

    Amsterdam

  • Aug-12-2024

    London

  • Aug-19-2024

    Istanbul

  • Aug-26-2024

    Singapore

  • Aug-26-2024

    Paris

  • Sep-02-2024

    Dubai

  • Sep-02-2024

    Barcelona

  • Sep-09-2024

    Amsterdam

  • Sep-09-2024

    London

  • Sep-16-2024

    Istanbul

  • Sep-23-2024

    Paris

  • Sep-23-2024

    Dubai

  • Sep-30-2024

    Singapore

  • Sep-30-2024

    Barcelona

  • Oct-07-2024

    Dubai

  • Oct-07-2024

    Barcelona

  • Oct-14-2024

    Amsterdam

  • Oct-14-2024

    London

  • Oct-21-2024

    Istanbul

  • Oct-28-2024

    Paris

  • Oct-28-2024

    Singapore

  • Nov-04-2024

    Barcelona

  • Nov-04-2024

    Dubai

  • Nov-11-2024

    London

  • Nov-11-2024

    Amsterdam

  • Nov-18-2024

    Istanbul

  • Nov-25-2024

    Singapore

  • Nov-25-2024

    Paris

  • Dec-02-2024

    Dubai

  • Dec-02-2024

    Barcelona

  • Dec-09-2024

    London

  • Dec-09-2024

    Amsterdam

  • Dec-16-2024

    Istanbul

  • Dec-23-2024

    Paris

  • Dec-23-2024

    Dubai

  • Dec-30-2024

    Barcelona

  • Dec-30-2024

    Singapore

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