Developing and Implementing Strategic Procurement Plans
Explore key components of procurement strategy, including spend analysis, category management, risk assessment, stakeholder engagement, and performance measurement.
Strategic Procurement Planning
Explore key components of procurement strategy, including spend analysis, category management, risk assessment, stakeholder engagement, and performance measurement.
Course Overview
In an increasingly complex and competitive global market, procurement must evolve from a transactional function to a strategic enabler of organizational goals. This course equips participants with the knowledge and tools to develop and implement effective strategic procurement plans that align with corporate objectives, optimize value for money, and manage supplier performance. Participants will explore key components of procurement strategy, including spend analysis, category management, risk assessment, stakeholder engagement, and performance measurement. The course also emphasizes how to anticipate future needs, adapt to market dynamics, and integrate sustainability and innovation into procurement planning.
Upon completion of this training, participants will be able to:
- Understand the strategic role of procurement
- Develop comprehensive procurement plans
- Conduct market and supplier analysis
- Apply strategic sourcing and category management principles
- Integrate risk management into procurement planning
- Align procurement with stakeholders and organizational strategy
- Incorporate sustainability and innovation into procurement strategy
- Establish measurable procurement objectives and KPIs
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