This conference is designed to provide participants with an in-depth understanding of strategic purchasing and supply management. It emphasizes the development of effective procurement strategies, supplier relationship management, and cost-saving techniques that drive value across the supply chain. Through it, participants wwill learn to align purchasing strategies with organizational objectives to enhance competitiveness and sustainability.
Understand the role of strategic purchasing in enhancing organizational value.
Develop skills to implement effective supplier relationship management.
Learn techniques for cost-saving and improving procurement efficiency.
Analyze and apply procurement strategies to global and complex supply chains.
Foster a proactive approach to risk management in purchasing and supply management.
Procurement Managers.
Supply Chain Professionals.
Operations and Purchasing Officers.
Contract Managers.
Business Leaders involved in procurement decisions.
Unit 1:
Foundations of Strategic Purchasing:
Definition and principles of strategic purchasing.
The role of purchasing in achieving organizational objectives.
Transitioning from operational to strategic purchasing.
Aligning procurement strategies with business goals.
Importance of supplier relationships in supply chain success.
Key components of Supplier Relationship Management.
Methods for evaluating and selecting strategic suppliers.
Building long-term, mutually beneficial relationships with suppliers.
Case study on successful SRM implementation in global supply chains.
Techniques for identifying cost-saving opportunities in purchasing.
Analyzing total cost of ownership (TCO) in procurement decisions.
Leveraging volume consolidation and strategic sourcing for cost savings.
Negotiation strategies for better pricing and value.
Measuring and reporting procurement's contribution to profitability.
Challenges in global supply chain management and procurement.
Developing risk mitigation strategies for global sourcing.
Understanding international procurement regulations and compliance.
Adapting procurement strategies to different global markets.
Identifying risks in procurement and supply management.
Developing a risk management framework for purchasing.
Strategies for mitigating risks such as supplier failure, quality issues, and disruptions.
The role of technology in managing procurement risks.
Continuous improvement and monitoring of procurement risk strategies.
