course | Strategic Procurement Master
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PSCO-2057 | Strategic Procurement Master
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-06-23 | 2025-06-27 | Los Angeles | $5,950 | Book now |
| 5 Days | 2025-09-29 | 2025-10-03 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 2025-12-15 | 2025-12-19 | Dubai | $4,250 | Book now |
Course Introduction
This course aims to provide a comprehensive understanding of strategic procurement, focusing on key elements such as supplier management, strategic sourcing, negotiation, and contract management. It will also cover future trends, including digitalization and sustainable procurement. By the end of the course, participants will be equipped with the knowledge and skills to develop and implement an effective strategic procurement plan within their organization.
Course objective
- Understand the concept and importance of strategic procurement and align it with corporate strategy.
- Manage suppliers effectively, including selection, relationship building, performance improvement, and risk management.
- Apply strategic sourcing and category management principles in procurement.
- Negotiate effectively and manage contracts in procurement.
- Understand future trends in strategic procurement, including digitalization and sustainability, and prepare a strategic procurement plan.
Course Outline | Day 01
Understanding Strategic Procurement
- Introduction to Strategic Procurement: Definition, importance, and evolution.
- The role of strategic procurement in an organization's success.
- Alignment of procurement strategy with corporate strategy.
- The strategic procurement process: From needs assessment to contract management.
Course Outline | Day 02
Supplier Management and Relationship Building
- Identification and selection of suppliers: Criteria and strategies.
- Building and managing supplier relationships: Communication, performance monitoring, and dispute resolution.
- Supplier development and performance improvement.
- Supplier risk management: Identification, assessment, and mitigation.
Course Outline | Day 03
Strategic Sourcing and Category Management
- Introduction to strategic sourcing: Definition, process, and benefits.
- Category management in procurement: Approach, benefits, and challenges.
- Cross-functional teams in strategic sourcing and category management.
- Role of market intelligence in strategic sourcing and category management.
Course Outline | Day 04
Negotiation and Contract Management
- Negotiation strategies in procurement: Preparation, techniques, and closing.
- Developing and managing contracts: Types of contracts, key components, and legal considerations.
- Performance-based contracting: Objectives, implementation, and challenges.
- Conflict resolution in contract management: Techniques and best practices.
Course Outline | Day 05
Future Trends in Strategic Procurement
- Impact of digitalization on strategic procurement: Automation, AI, and blockchain.
- Sustainable procurement: Strategies, benefits, and challenges.
- Skills for the future: Essential competencies for strategic procurement professionals.
- Developing a strategic procurement plan: Steps, considerations, and presentation.
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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