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Key details

Mode of delivery: Classroom-based

Course code: PCM13A

Duration: 3 days

Fee: £2,745.00 + VAT

CPD Hours: 18

Course Overview

This three-day intensive course provides procurement professionals with the essential knowledge and strategic insights to optimise procurement processes and supplier relationships. Covering key procurement models, sourcing strategies, and supplier segmentation techniques, participants will develop a strong foundation in procurement decision-making.

Agenda

Day — 1 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.

Day — 2 Global Procurement and Supplier Relationship Management

Supplier sourcing methods and best practices
Competitive vs. non-competitive procurement approaches
Supplier segmentation techniques and risk assessment
Ensuring transparency and compliance in procurement
Risk mitigation in supplier relationships

Day — 3 E-Procurement and Digital Transformation

Introduction to digital procurement and automation
AI and predictive analytics in procurement decision-making
E-Sourcing and E-Tendering best practices
Implementing E-Auctions and Dynamic Purchasing Systems (DPS)
Blockchain and smart contracts for procurement transparency

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.
Understand key supplier sourcing methods and apply best practices in supplier identification and selection.
Differentiate between competitive and non-competitive procurement approaches and determine when to use each strategy.
utilise supplier segmentation techniques to classify suppliers based on risk, value, and strategic importance.
Ensure procurement transparency by implementing governance frameworks and ethical sourcing practices.
Identify and mitigate risks associated with supplier relationships, ensuring compliance with procurement policies.
Understand the role of digital transformation in procurement and the benefits of automation.
Apply AI and predictive analytics to improve procurement decision-making and supplier selection.
utilise E-Sourcing and E-Tendering to streamline procurement processes and enhance efficiency.
Implement E-Auctions and Dynamic Purchasing Systems (DPS) to optimise cost savings and supplier competition.
Explore the application of blockchain and smart contracts to enhance procurement transparency and fraud prevention.