Key Details Course Overview Course Dates Similiar Courses Book Now

Key details

Mode of delivery: Classroom-based

Course code: PCM11A

Duration: 1 day

Fee: £915.00 + VAT

CPD Hours: 6

Course Overview

This session delves deep into the CIPS Procurement and Supply Cycle, illuminating its pivotal role in aligning procurement processes with overarching corporate strategies. Participants will explore various procurement maturity models, gaining insights into how organisations can evolve from basic cost-saving measures to advanced value-creation strategies. The session also introduces the Kraljic Matrix, a vital tool for segmenting suppliers based on risk and value, enabling more informed decision-making.

Agenda

Foundations of Procurement Strategy

Overview of the CIPS Procurement and Supply Cycle and its role in corporate strategy.
Procurement maturity models and how organisations move from cost savings to value creation.
Understanding the Kraljic Matrix and how it helps in segmenting suppliers based on risk and value to the organisation.
Comparison between public and private procurement frameworks and their governance structures.
Ethical procurement principles, corporate social responsibility (CSR), and their impact on supplier relationships.

Course Review

Summary and recap of key learning objectives
Action Planning

Target Audience

This course is suitable for:

Procurement Officers
Category Managers
Supply Chain Managers
Contract Managers
Sustainability and ESG Officers
Procurement Analysts
Senior Procurement Managers
Finance and Compliance Professionals

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

Understand the key stages of the CIPS Procurement and Supply Cycle, how it aligns with corporate strategy, and its impact on organisational efficiency and competitiveness.
analyse different procurement maturity models, assess an organisation’s current procurement maturity level, and develop strategies for transitioning from a cost-saving focus to value-driven procurement.
Apply the Kraljic Matrix to categorise suppliers based on risk and value, and develop appropriate procurement strategies for each segment.
Compare public and private procurement frameworks, understanding key differences in governance, regulatory requirements, and decision-making processes.
Evaluate ethical procurement principles and corporate social responsibility (CSR) practices, assessing their impact on supplier relationships, compliance, and long-term sustainability.