Basic Procurement & Strategic Sourcing

This comprehensive 5-day training program is designed to provide participants with a strong foundation in procurement and strategic sourcing practices. The course introduces the key concepts, processes, and tools required to effectively manage purchasing activities and supplier sourcing within modern organizations.

Participants will gain practical insights into the end-to-end procurement lifecycle, including planning, supplier identification, evaluation, negotiation, and contract management. The program also emphasizes cost efficiency, value creation, and risk awareness, enabling participants to contribute effectively to organizational performance and operational excellence.

• Understand the fundamentals of procurement and strategic sourcing
• Apply the procurement lifecycle and key sourcing processes
• Identify, evaluate, and select suitable suppliers
• Conduct basic cost analysis and achieve value for money
• Apply effective negotiation techniques
• Understand key elements of procurement contracts
• Manage supplier relationships and performance
• Identify procurement risks and apply mitigation strategies