Conference on Strategic Purchasing and Supply Management

Overview:

Introduction:

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.

Conference Objectives:

At the end of this program, participants will be able to:

• 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.

Target Audience:

• Procurement Managers.

• Supply Chain Professionals.

• Operations and Purchasing Officers.

• Contract Managers.

• Business Leaders involved in procurement decisions.

Program Outline:

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.

Unit 2:

Supplier Relationship Management (SRM):

• 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.

Unit 3:

Cost Reduction and Value Creation:

• 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.

Unit 4:

Procurement Strategies for Global Supply Chains:

• 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.

Unit 5:

Risk Management in Purchasing:

• 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.