Strategic Procurement

Any organization that decides to explore a thorough understanding of the objective and primary purpose of Procurement management to reduce the cost of operation through advance planning, group buying, and scheduling policy will no doubt benefit from cost savings when adopting these strategies. Any organization that does strategic procurement stands a chance of saving a lot, because procurement is more proactive than reactive. In addition to the savings, there exists other hidden savings in terms of increase in operations. Strategic procurement places an organization or an individual and entity to get the best goods and services at the best price if the right vendor with capacity is chosen. At this training, participants will be exposed to fundamental tools and techniques that will impact positively on the bottom line through strategic procurement and efficient and effective vendor management
Learning Objectives

• Define Procurement management
• Define purchasing
• Define vendor management
• Know changing aspects of purchasing
• Identify purchasing process cycle
• Learn how to improve the purchasing process
• Learn Purchasing integration
• Indentify the stages of supplier integration
• Types of procurement strategies
• Identify and know stages in supplier development
• Identify Strategic procurement management objective