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Key details

Mode of delivery: Classroom-based

Course code: PCM13C

Duration: 3 days

Fee: £2,755.00 + VAT

CPD Hours: 18

Course Overview

This three-day course focuses on optimising procurement performance, aligning procurement with corporate strategy, and preparing for the future of procurement. Participants will gain insights into performance measurement frameworks, procurement governance, and business integration strategies.

Agenda

Day — 1 Procurement Performance Measurement and Governance

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

Day — 2 Procurement Strategy and Business Integration

Aligning procurement with corporate strategy and long-term business goals
Developing a procurement operating model for strategic impact
Procurement organisation structures and job functions
Transitioning procurement from a transactional to a strategic function
Managing organisational change in procurement transformations

Day — 3 Advanced Negotiation and Supplier Relationship Management

Complex contract negotiations and stakeholder alignment strategies
Managing objections and disputes from suppliers and contract parties
Developing long-term supplier partnerships and strategic alliances
Supplier performance incentives and contract compliance management
Automating contract lifecycle management for efficiency and risk reduction

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:

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.
Align procurement strategies with corporate objectives to maximise business value.
Design a procurement operating model that enhances efficiency and strategic impact.
Understand different procurement organisation structures and their role in effective procurement management.
Transition procurement from a cost-driven function to a strategic enabler of value creation.
Develop change management strategies to successfully implement procurement transformation initiatives.
Develop advanced negotiation strategies to manage complex procurement contracts.
Handle objections and disputes effectively to maintain supplier relationships.
Establish long-term supplier partnerships and strategic alliances to drive value creation.
Implement performance-based incentives to enhance supplier engagement and compliance.
utilise contract lifecycle automation to improve efficiency, reduce risk, and ensure compliance.