course | Sourcing, Purchasing & Procurement
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PSCO-959 | Sourcing, Purchasing & Procurement
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 | Zurich | $5,950 | Book now |
| 5 Days | 2025-09-29 | 2025-10-03 | Dubai | $4,250 | Book now |
| 5 Days | 2025-12-15 | 2025-12-19 | Dubai | $4,250 | Book now |
Course Introduction
In today's dynamic business environment, effective sourcing, purchasing, and procurement practices are crucial for organizational success. This comprehensive training program is designed to equip participants with the knowledge, skills, and strategies necessary to navigate the complexities of modern procurement.
Course objective
- Understand the Sourcing, Purchasing, and Procurement processes.
- Explore the interconnected roles of these functions within the broader context of supply chain management.
- Develop and implement strategic sourcing plans.
- Emphasize the importance of supplier segmentation and risk management in strategic decision-making.
- Understand the significance of procurement planning for organizational efficiency.
- Acquire the required skills in forecasting, demand planning, and inventory management.
- Define criteria for supplier selection and performance evaluation.
- Cultivate effective negotiation skills for successful procurement outcomes.
- Address challenges and implement strategies for achieving mutually beneficial agreements.
- Understand the essentials of contract management, from negotiation to monitoring and compliance.
- Master the ability to draft, understand, and manage contracts effectively.
- Explore the realm of e-procurement and its role in modernizing procurement processes.
- Illuminate the legal aspects of procurement, emphasizing compliance and ethical considerations.
- Navigate contractual obligations and dispute resolution.
- Develop skills in cost analysis, cost modeling, and total cost of ownership (TCO) evaluation.
- Explore strategies for reducing costs and enhancing value in procurement processes.
- Define key performance indicators (KPIs) in procurement.
Course Outline | Day 01
Introduction to Sourcing, Purchasing & Procurement:
- Overview of Sourcing, Purchasing, and Procurement
- Importance of effective procurement in organizational success
- Key terms and definitions
- Role of procurement in supply chain management
Strategic Sourcing:
- Understanding strategic sourcing
- Developing a sourcing strategy
- Supplier segmentation and evaluation
- Risk management in sourcing
Course Outline | Day 02
Procurement Planning
- Importance of procurement planning
- Forecasting and demand planning
- Inventory management
- Supplier relationship management
Supplier Selection and Evaluation
- Criteria for supplier selection
- Supplier performance metrics
- Supplier audits and assessments
- Continuous improvement in supplier relationships
Course Outline | Day 03
Negotiation Skills in Purchasing
- Principles of effective negotiation
- Developing negotiation strategies
- Win-win negotiations
- Handling difficult situations in negotiations
Contract Management
- Basics of contract management
- Key elements of a contract
- Contract negotiation and drafting
- Monitoring and managing contracts
Course Outline | Day 04
E-Procurement and Technology
- Overview of e-procurement
- Benefits and challenges of using technology in procurement
- Implementation of e-procurement systems
- Emerging trends in procurement technology
Legal and Ethical Considerations
- Legal aspects of procurement
- Compliance and ethics in purchasing
- Contractual obligations and disputes
- Anti-corruption measures in procurement
Course Outline | Day 05
Cost Management in Procurement
- Cost analysis and cost modeling
- Total cost of ownership (TCO)
- Value analysis and value engineering
- Strategies for cost reduction in procurement
Performance Measurement and Continuous Improvement
- Key performance indicators (KPIs) in procurement
- Performance measurement frameworks
- Continuous improvement methodologies
- Developing a personal action plan for ongoing improvement
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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