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Key details

Mode of delivery: Online Course

Course code: PCM18BO

Duration: 8 days

Fee: £5,520.00 + VAT

CPD Hours: 48

Course Overview

This intensive programme is designed for procurement professionals seeking to enhance their expertise in procurement risk management, supplier evaluation, contract negotiation, and ESG integration. Participants will gain practical skills to optimise procurement efficiency while ensuring compliance and sustainability. The second week 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 Strategic Sourcing and Bid Evaluation

Developing a procurement strategy using CIPS and CMBoK principles
Writing an effective Statement of Requirement (SOR) and Scope of Work (SOW)
Supplier prequalification and evaluation techniques
Bid evaluation methodologies and selection criteria
Applying negotiation frameworks to achieve best value

Day — 2 Managing Procurement Risk and Supply Chain Disruptions

Identifying key procurement risk areas and vulnerabilities
Risk assessment and mitigation strategies in procurement
Contract risk allocation and compliance management
Managing supply chain disruptions and contingency planning
Ethical procurement practices and fraud prevention

Day — 3 Advanced Contract Management and Supplier Performance

Contract life cycle management and governance
Selecting the right contract type: Fixed-price vs. cost-reimbursable contracts
Key contract negotiation strategies and dispute resolution
Supplier performance monitoring and evaluation metrics
Procurement Key Performance Indicators (KPIs) and continuous improvement

Day — 4 Sustainable and ESG Procurement Strategies Implementing sustainability in procurement using ISO 20400 and CIPS frameworks

Integrating ESG (Environmental, Social, and Governance) criteria in supplier selection
Understanding the impact of local content requirements on procurement decisions
Innovations in sustainable supply chain management
Ethical sourcing and corporate social responsibility in procurement

Day — 5 Weekly Review:

Summary and recap of key learning objectives
Action Planning

Day — 6 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 — 7 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 — 8 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

Post-Course

Five (5) x hour-long Executive Coaching sessions at monthly intervals following Course Completion

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:

Develop strategic sourcing plans aligned with organisational goals and procurement best practices.
Draft clear and effective Statements of Requirement (SOR) and Scope of Work (SOW) to define procurement needs.
Implement supplier prequalification and evaluation techniques to ensure vendor reliability and compliance.
Apply structured bid evaluation methodologies to select the most suitable suppliers.
utilise negotiation frameworks to achieve the best value in procurement contracts.
Identify and assess key risks in procurement processes and supplier management.
Develop risk mitigation strategies to minimize procurement disruptions and financial exposure.
Apply contract risk allocation principles to ensure legal and financial protection.
Implement contingency planning to address supply chain disruptions and external market factors.
Ensure compliance with ethical procurement practices and develop fraud prevention mechanisms.
Understand the full contract life cycle and its impact on procurement efficiency.
Identify and apply the appropriate contract type based on procurement needs and risk considerations.
Develop negotiation strategies to secure favorable contract terms and resolve disputes effectively.
Implement supplier performance monitoring tools and evaluation frameworks.
utilise procurement KPIs to drive continuous improvement and enhance contract outcomes.
Apply sustainability principles and best practices in procurement processes.
Integrate ESG criteria to enhance ethical supplier selection and corporate sustainability goals.
Assess the implications of local content requirements on procurement strategies.
Explore innovations in sustainable supply chain management, including circular economy approaches.
Ensure ethical sourcing and corporate social responsibility (CSR) compliance in procurement activities.
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.