Strategic Procurement Management

About this programme

The strategic procurement management programme is a 1-day course designed to equip procurement professionals with the knowledge and strategies to ensure the procurement process is successful. With the help of this programme, procurement personnel can form efficient action plans for procurement processes over later financial periods and gain insights into strategic planning. The programme offers a comprehensive overview of procurement management techniques that procurement professionals need to understand in order to excel at procurement management. Participants will benefit from industry-specific case studies and examples, obtain a thorough understanding on how organisations use procurement practices worldwide and receive guidance needed to prepare their teams for success.

This programme is developed by Singapore Institute of Purchasing and Materials Management (SIPMM), with industry advisory from global providers and organisations that provide career pathways and job specifications for skills upgrading and mastery. The programme is facilitated by an expert trainer, who has extensive years of experience holding leadership positions in logistics, procurement, and supply chain management. The training session is expected to be lively and interactive, interspersed with relevant exercises and modern case studies on strategic procurement management.

Why should you enrol in this programme?

Enrolling in a strategic procurement management programme is an excellent way to acquire the knowledge and skills needed to enhance procurement efforts and achieve greater successes. The course teaches participants the value of effective procurement, from procurement trends and analytics to effective expenditure management. It also allows participants to try out various management approaches through applied case studies and gain hands-on experience. By the end of the programme, participants will have developed a holistic understanding of procurement and its strategic role in business success. Therefore, by enrolling into a strategic procurement management programme, individuals can become industry-savvy and well-equipped for procurement tasks facing them within the organisation.

Who should enrol in this programme?

Strategic procurement management is a discipline that focuses on the effective and efficient acquisition of goods, services, and works that are necessary for an organisation to function. It is a critical function that can have a significant impact on the success of an organisation. As such, there are a number of different professionals who may benefit from enrolling in a strategic procurement management programme, including:

1. Procurement professionals who are looking to advance their careers and increase their expertise in this area.
2. Senior managers and executives who are responsible for overseeing the procurement function within their organisation.
3. Business owners and entrepreneurs who want to improve their understanding of how to effectively manage the procurement process within their own companies.
4. Government officials who are responsible for managing procurement within the public sector.
5. Consultants and advisors who work with organisations to help them improve their procurement processes.

How can you benefit from this programme?

There are several ways in which individuals can benefit from enrolling in a strategic procurement management programme. Some of the key benefits include:

1. Improved knowledge and understanding of best practices in procurement management. Through a strategic procurement management programme, you will learn about the latest theories, concepts, and techniques for effectively managing the procurement process.
2. Enhanced professional skills. By participating in a strategic procurement management programme, you will have the opportunity to develop and refine your skills in areas such as negotiation, risk management, supplier relationship management, and more.
3. Increased career opportunities. A strategic procurement management programme can help you stand out in the job market and open up new career opportunities. Many organisations are seeking professionals with advanced knowledge and skills in procurement and completing a programme in this area can make you a more competitive candidate for these positions.
4. Improved organizational performance. By participating in a strategic procurement management programme, you can learn how to implement effective procurement processes that can help your organisation operate more efficiently and effectively, ultimately leading to improved performance and bottom-line results.

Qualify for Accredited Designation Award

At the end of this programme, each participant will attain a Certificate of Competency. This specialised Certificate of Competency is awarded by Singapore Institute of Purchasing and Materials Management (SIPMM) and is accredited by Logistics Institute of Singapore. When a participant attains 3 Competency Certificates, the participant can qualify for the Accredited Designation award. For more information about the qualifying criteria for the Accredited Designation award, please visit https://sipmm.edu.sg/ada/.