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Strategic Procurement Management

By: Lagos Business School   

Lagos State, Nigeria

22 - 24 Apr, 2014  3 days

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This is the act of satisfying business requirements from markets through proactive and structured analysis of supply markets and selection of capable vendors to meet the agreed business needs. Typically, many business organisations in Nigeria have always encouraged reactive vendor management which largely deploys poor approaches to the detriment of corporate governance and profitability. Furthermore, the consequences of poor procurement management which physically manifests quite often in extensive delays, high costs, abandoned and delayed projects, abound in our economy. Interestingly, it is becoming increasingly important to manage suppliers (vendors) after the award of a contract as against the belief that once a contract is awarded, all is safe.


  • Understanding business procurement requirements
  • Application of strategic sourcing methods
  • Developing category profile
  • Developing industry and supplier profile
  • Developing external supply market strategy
  • Choosing the suppliers/vendors
  • Developing the service level agreement (SLA)
  • Managing the contract
  • Implementing the contract
  • Monitoring the vendor using the service level agreement
  • Performance measurement

Targeted Audience:

Senior managers involved in procurement, supply contract placement, execution and vendor management. Logistics and supply chain managers, administrators in banks charged with procurement and vendor management, logistics managers of oil and gas companies, managers in non-profit organisations and agricultural produce buyers are encouraged to attend.

Lagos Business School, Pan-Atlantic University, Km 22, Lekki-Epe Expressway, Ajah, Lagos, Nigeria Apr 22 - 24 Apr, 2014
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+234-8025014623; 08025014624; 08058097448

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