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Key details

Mode of delivery: Classroom-based

Course code: PCM19B

Duration: 10 days

Fee: £8,345.00 + VAT

CPD Hours: 60

Course Overview

This intensive two-week programme is designed for procurement professionals seeking to elevate their expertise in risk management, contract optimisation, supplier performance, and procurement’s role in business strategy. Covering advanced sourcing techniques, procurement risk mitigation, ESG integration, contract lifecycle management, performance measurement, and future procurement innovations, this course provides a strategic roadmap for procurement excellence.

In Week 1, participants will develop advanced procurement strategies, focusing on supplier risk management, contract negotiations, performance tracking, and ESG-aligned procurement. The curriculum includes bid evaluation frameworks, compliance measures, and supplier incentive models to ensure procurement teams maximise value while minimizing risks.

In Week 2, the course explores procurement’s evolving role in business transformation, emphasising performance measurement, governance, strategic integration, and future trends. Participants will learn how to align procurement with corporate goals, leverage AI and automation, navigate geopolitical risks, and implement sustainable procurement models.

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

Day — 9 Procurement’s Future – Trends and Innovations

The impact of AI, automation, and predictive analytics on procurement
Geopolitical risks and their influence on global sourcing strategies
Circular economy principles and sustainable procurement innovations
Advanced procurement and supply chain finance strategies
Procurement’s evolving role as a business transformation enabler

Day — 10 Course Review:

Summary and recap of key learning objectives
Action Planning

Post-Course

Six (6) 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.
analyse the impact of AI, automation, and predictive analytics on procurement efficiency and decision-making.
Assess geopolitical risks and develop strategies to mitigate their effects on global sourcing.
Apply circular economy principles to drive sustainability and resource efficiency in procurement.
Explore innovative procurement finance strategies to improve cash flow and supplier collaboration.
Position procurement as a key driver of business transformation and strategic growth.