Procurement Management Skills

Overview

Procurement Management is a critical function that plays a significant role in an organization's success. By effectively managing procurement processes, organizations can realize cost savings, mitigate risks, improve supplier relationships, make strategic decisions, comply with regulations, and optimize their supply chains. This awareness is essential for both organizations and procurement professionals, as it enables them to drive business growth and success.

Procurement Management plays a crucial role in ensuring the smooth and efficient operation of an organization. It encompasses a variety of functions, including the identification of needs, the acquisition of goods and services, and the management of supplier relationships. By effectively managing these processes, procurement managers can help their organizations save costs, mitigate risks, and ultimately drive business growth. This introductory guide will provide an overview of procurement management and its significance in the overall functioning of an organization.

This course will provide participants with practical knowledge and skills essential for effective procurement management Trainees will learn to define procurement needs, develop effective procurement strategies, select suppliers, evaluate proposals, manage contracts, assess supplier performance, establish KPIs, and manage relationships with suppliers. The practical skills acquired will enable participants to optimize procurement operations, mitigate risks, and contribute to organizational growth and success.

Objective

This training aims to enhance performance and efficiency by increasing the knowledge and skills of organization staff in managing the procurement function. Participants will understand the elements of procurement within the wider discipline of supply chain management. Therefore, upon completion of this training program the trainees are expected to have the ability to:

  • Gain an understanding of the fundamental processes, strategies, and best practices that drive successful procurement operations.
  • Identify procurement needs, establish budgets, and create streamlined procurement schedules.
  • Assess potential suppliers effectively and negotiate contracts that align with organizational goals, securing advantageous terms.
  • Focus on techniques for monitoring and evaluating supplier performance while fostering strong, collaborative relationships.
  • Ensure timely and accurate payments that adhere to contractual terms, reinforcing compliance throughout the procurement lifecycle.

Content

The course will introduce trainees to the strategic importance of procurement management and cover key topics such as the procurement process, supplier selection and management, contract management, and payment terms and conditions. Trainees will develop practical skills in setting KPIs for suppliers, managing supplier relationships, and understanding legal and financial implications related to procurement. . Specifically, our training will cover most importance below 5 modules:

  • Module 1: Essential Foundations of Procurement
  • Module 2: Procurement Planning and Procedure
  • Module 3: Supplier Selection and Contract Negotiation
  • Module 4: Supplier Performance and Relationship Management
  • Module 5: Payment Management and Contract Compliance

Who should Attend?

This course is designed for procurement professionals, buyers, supply chain specialists, contract managers, business owners, HR and administrative personnel, operations staff, and finance managers. It’s ideal for anyone looking to enhance their skills in procurement, supply chain management, supplier management, and contract management.

Trainer's Profile

He is the Supply Chain Director at a top real estate and resort investment company, bringing over 15 years of experience. As a strategic leader, he specializes in supply chain management, focusing on procurement and contract management. He drives project completion on schedule and budget while enhancing operational efficiency and vendor relationships.

Fee Charged

The course fee is USD 270.00. It is inclusive of course materials, handouts, meals, refreshments, and certificates of completion but does exclude 10% of VAT amount.

We are offering an early bird registration fee to anyone who registers earlier. Interested participants or companies are encouraged to view the course details and early bird registration deadline. For further details on the early bird fee, please find the following:

USD 230 (Register before 16 May 2025)
USD 250 (Register before 23 May 2025)