Procurement & Purchasing
Strategic Procurement Master
Categories: Online
Strategic Procurement Master
Categories: Online
Course Methodology
On enrolling in the Strategic Procurement Master training, you get to experience different modes of learning that include case studies, presentations, videos, and group exercises that will help you apply your learning in your professional life.
Course Objective
By the end of this program, participants will be able to:
- Develop and implement strategic procurement plans aligned with business goals.
- Optimize supplier selection, negotiation, and contract management.
- Identify and mitigate risks in global sourcing and procurement.
- Enhance cost-efficiency through spend analysis and strategic sourcing techniques.
- Foster sustainable and ethical procurement practices.
- Improve procurement’s role in value creation and competitive advantage.
Target Audience
- Procurement and supply chain professionals looking to advance their strategic capabilities.
- Purchasing managers and procurement officers seeking to optimize cost and efficiency.
- Business leaders and decision-makers aiming to enhance procurement strategies.
- Logistics and operations professionals involved in supplier management.
- Finance and contract managers overseeing procurement functions.
Target Competencies
- Strategic procurement planning
- Supplier relationship and risk management
- Negotiation and contract management
- Cost optimization and value creation
- Sustainable and ethical procurement
- Data-driven decision-making
Module 1 – Fundamentals of Procurement
- Definition of procurement
- Scope of procurement
- Objectives of procurement
- Importance of procurement
- Tactical vs. Strategic procurement
- Procurement vs. Purchasing
Module 2 – Introduction to Current Landscape
- Volatile economic environment
- Change in economic environment
- Different types of procurement challenges
- Procurement trends
Module 3 – Evolution of Procurement Function
- Procurement function: Evolution stages
- Transition plans
- Procurement transformation: key steps
- Business Analytics at different procurement maturity levels
- Transformation of procurement teams
Module 4 – Category Strategy: How to Develop & Implement a Category Strategy
- Defining Category Management
- Category strategy & category management
- Category strategy development
- Steps to develop strategy
- Risk management – identification, mapping model & steps to reduce
Module 5 – Supplier relationship management
- Supplier management
- Negotiation goals and strategies
- Supplier evaluation and selection
- Integrated SRM
- Supplier performance management
- Breakthrough partnerships
- Future model of procurement
Module 6 – Stakeholders’ Management
- Defining stakeholders
- Stakeholder analysis
- Stakeholders’ engagement
- Types and frequency of communication with stakeholders
Chartered Management Institute (CMI), UK
The Chartered Management Institute (CMI) is a UK based professional institution for management and leadership. Founded in 1947, CMI offers qualifications and training programs to help individuals develop their management skills. They are the only organization that awards Chartered Manager status, a prestigious designation recognized globally.
Members gain access to a valuable network of professionals, a wealth of online resources for skill development, and support for their ongoing professional journey. This includes access to industry insights, online learning tools, and career development guidance. With over 132,000 members, CMI is a leading authority on management excellence.
The Training vertical of Blue Ocean Corporation has an exclusive tie-up with the UK-based Chartered Management Institute (CMI) to offer Lean Six Sigma certification courses in the UAE, KSA, UK, India and other GCC countries.
Course Methodology
On enrolling in the Strategic Procurement Master training, you get to experience different modes of learning that include case studies, presentations, videos, and group exercises that will help you apply your learning in your professional life.
Course Objective
By the end of this program, participants will be able to:
- Develop and implement strategic procurement plans aligned with business goals.
- Optimize supplier selection, negotiation, and contract management.
- Identify and mitigate risks in global sourcing and procurement.
- Enhance cost-efficiency through spend analysis and strategic sourcing techniques.
- Foster sustainable and ethical procurement practices.
- Improve procurement’s role in value creation and competitive advantage.
Target Audience
- Procurement and supply chain professionals looking to advance their strategic capabilities.
- Purchasing managers and procurement officers seeking to optimize cost and efficiency.
- Business leaders and decision-makers aiming to enhance procurement strategies.
- Logistics and operations professionals involved in supplier management.
- Finance and contract managers overseeing procurement functions.
Target Competencies
- Strategic procurement planning
- Supplier relationship and risk management
- Negotiation and contract management
- Cost optimization and value creation
- Sustainable and ethical procurement
- Data-driven decision-making
Module 1 – Fundamentals of Procurement
- Definition of procurement
- Scope of procurement
- Objectives of procurement
- Importance of procurement
- Tactical vs. Strategic procurement
- Procurement vs. Purchasing
Module 2 – Introduction to Current Landscape
- Volatile economic environment
- Change in economic environment
- Different types of procurement challenges
- Procurement trends
Module 3 – Evolution of Procurement Function
- Procurement function: Evolution stages
- Transition plans
- Procurement transformation: key steps
- Business Analytics at different procurement maturity levels
- Transformation of procurement teams
Module 4 – Category Strategy: How to Develop & Implement a Category Strategy
- Defining Category Management
- Category strategy & category management
- Category strategy development
- Steps to develop strategy
- Risk management – identification, mapping model & steps to reduce
Module 5 – Supplier relationship management
- Supplier management
- Negotiation goals and strategies
- Supplier evaluation and selection
- Integrated SRM
- Supplier performance management
- Breakthrough partnerships
- Future model of procurement
Module 6 – Stakeholders’ Management
- Defining stakeholders
- Stakeholder analysis
- Stakeholders’ engagement
- Types and frequency of communication with stakeholders
Chartered Management Institute (CMI), UK
The Chartered Management Institute (CMI) is a UK based professional institution for management and leadership. Founded in 1947, CMI offers qualifications and training programs to help individuals develop their management skills. They are the only organization that awards Chartered Manager status, a prestigious designation recognized globally.
Members gain access to a valuable network of professionals, a wealth of online resources for skill development, and support for their ongoing professional journey. This includes access to industry insights, online learning tools, and career development guidance. With over 132,000 members, CMI is a leading authority on management excellence.
The Training vertical of Blue Ocean Corporation has an exclusive tie-up with the UK-based Chartered Management Institute (CMI) to offer Lean Six Sigma certification courses in the UAE, KSA, UK, India and other GCC countries.