This course will walk participants through the basics of supply management and procurement operations and the role of procurement within an organization’s overall supply chain system. You will discover the key elements of sourcing and procurement, including strategic sourcing, supplier management, negotiations, contract development, and supplier identification and evaluation, as well as the importance of cross-functional collaboration.

For whom:

This program is designed for new procurement and supply management professionals, as well as more experienced professionals who want to refresh and update their skills. Also, any company employee who interacts with supply chain management and suppliers will equally benefit from this program.

Learning objectives:

At the end of the program, participants will be able to;

• Know key supply management terms and definitions
• Appreciate the key contributions supply chain management makes to corporate strategy and value creation
• Evaluate and design supply chain management processes
• Use technology to enhance procurement’s contribution
• Design sourcing strategies for various categories, sourcing analysis and commodity and category management
• Know a variety of supplier management skills and techniques
• Know key negotiating elements and tools for successful negotiations
• Know steps in cost management, cost analysis and price/cost issues
• Appreciate ethics and the legal aspects of supply chain management