Effective Procurement Management is a two-day managerial programme designed for procurement managers and supervisors who manage effective procurement in their organisation. It covers emerging technology and digital procurement, professional procurement practices and the organogram of purchasing, sourcing and ordering, the alignment of procurement objectives and strategies with organisation goals, strategic sourcing and supplier selection, procurement data analytics and spend management, procurement scorecards and negotiation strategy, supplier relationship management and positive supplier development, procurement ethics and legal implications, and the management of procurement risks and contractual disputes. The programme is facilitated by a trainer with substantive experience in strategic procurement leadership, and the sessions are interactive and interspersed with relevant exercises on managing effective procurement.
Fees include course materials, breakfast and lunch, and the Certificate of Competency. Members save S$90 on this programme.
What you will be able to do
By the end of this programme you will be able to:
- Align procurement objectives and strategies with organisation goals
- Apply strategic sourcing and the procurement category matrix to supplier selection
- Analyse procurement data and performance indicators to manage spend
- Negotiate with suppliers using planned tactics and a professional negotiation strategy
- Manage procurement risks, legal implications and contractual disputes
Programme outline
A key procurement strategy for an organisation to gain a substantive competitive advantage is to foster and build collaborative relationships in the global marketplace. The programme sets out how procurement objectives and strategies are aligned with organisation goals, then works through emerging technology and digital procurement, strategic sourcing and the procurement category matrix, procurement data analytics, performance indicators and spend management, supplier negotiation tactics and professional negotiation strategy, and positive supplier development strategies. On completion you will be able to apply effective techniques for supplier development and digital procurement, and to manage procurement risks, ethical and legal implications, and contractual disputes.
- Emerging Technology and Digital Procurement
- Professional Procurement Practices and Organogram of Purchasing, Sourcing, & Ordering System
- Alignment of Procurement Objectives and Strategies with Organisation Goals
- Strategic Sourcing, Procurement Category Matrix & Supplier Selection
- Procurement Data Analytics, Performance Indicators & Spend Management
- Procurement Scorecards, Supplier Negotiation Tactics & Professional Negotiation Strategy
- Supplier Relationship Management & Positive Supplier Development Strategies
- Procurement Ethics & Legal Implications
- Managing Procurement Risks & Contractual Dispute
- Best Practices in Effective Procurement Management
Who should attend
Running procurement as a function means answering for its cost, its compliance and its suppliers, not simply processing requisitions. The programme is written for Procurement Managers, Purchasing Managers, Sourcing Managers and senior Procurement Executives who own the full buying cycle in their organisation. Supervisors stepping into a first management role will find the coverage of procurement ethics, legal implications and contractual disputes particularly relevant.
Approving this for your team? The programme is suitable for staff development budgets, and SIPMM can invoice your organisation directly and arrange group registrations.
Your trainer
The programme is led by a facilitator with substantive experience in strategic procurement leadership, and that background shapes the sessions on negotiation strategy, supplier development and contractual disputes.
This programme awards 1 Certificate of Competency
Certificates of Competency build towards SIPMM's professional designations. ASP™ and AIP™ require three, and Chartered status requires an active designation plus two at managerial or leadership level.
Deliver this programme in-house
This programme can be run for your team at your premises or at SIPMM, tailored to your organisation's categories and operations.