Key details
Mode of delivery: Classroom-based
Course code: PCM11G
Duration: 1 day
Fee: £925.00 + VAT
CPD Hours: 6
Course Overview
This session provides a structured approach to procurement performance measurement, covering Key Performance Indicators (KPIs), benchmarking techniques, and procurement audits. Participants will learn how to assess procurement effectiveness and efficiency, ensuring alignment with corporate objectives. The session also explores procurement governance frameworks, helping professionals develop transparent, compliant, and data-driven procurement practices. Additionally, learners will gain insights into procurement information systems, understanding how technology supports performance tracking and reporting.
Agenda
- Key Procurement Performance Indicators (KPIs) and benchmarking best practices
- Evaluating procurement effectiveness and efficiency
- Conducting procurement audits and compliance assessments
- Procurement governance frameworks and regulatory compliance
- Leveraging procurement information systems for data-driven decision-making
- Summary and recap of key learning objectives
- Action Planning
Target Audience
This course is suitable for:
- Heads and Directors of Procurement, and Senior Sourcing Leaders
- Senior Category Managers, Strategic Procurement Managers, and Supplier Relationship Leaders
- Contract Management Leaders, Commercial Directors, and Senior Legal or Commercial Advisors
- Supply Chain and Operations Executives integrating procurement into corporate strategy
- Finance, Strategic Planning, and Procurement Performance Leaders
- Risk, Compliance, Governance, and Procurement Audit Leaders
- Sustainability, ESG, and Circular Procurement Leaders
- Digital Procurement, Transformation, and Systems Leaders
- Senior Negotiators, Business Transformation Leaders, and Executive Decision-Makers
Learning Outcomes
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Identify and apply key procurement KPIs to measure performance and drive improvements.
- Assess procurement effectiveness and efficiency using benchmarking methodologies.
- Conduct procurement audits and compliance assessments to ensure regulatory adherence.
- Implement procurement governance frameworks to enhance transparency and accountability.
- utilise procurement information systems and data analytics to support strategic decision-making.
