Developing Procurement Strategy
- Practical guide to developing procurement strategies within the business.
- For procurement teams charged with developing overall procurement strategies.
- Understanding and applying tools of analysis for strategic decision-making.
- Role of procurement in corporate strategic thinking and supply chain efficiency.
- Developing procurement strategies through people, structures, and processes.
Overview
This 2-day course focuses on developing procurement strategies within businesses. It covers topics such as strategic processes, globalisation's impact on corporate strategies, and the role of procurement in strategic thinking. Day 1 includes understanding corporate strategies and the link between corporate, operational, and procurement strategies. Day 2 covers developing procurement strategies through people selection and development, structures, and processes. The course aims to provide a practical guide for procurement teams involved in developing or refreshing procurement strategies. Target attendees include procurement teams working on overall procurement strategies.
Who should attend
Procurement Teams
Course Content
Course duration: 2 Days
Course running order
Day 1
The strategic process
Analysis, option development and selection, implementation
Understanding and applying the of tools of analysis
Resource Audits, Benchmarks and norms of performance
Understanding Corporate Strategies
Selecting and setting appropriate strategic directions (Broad or narrow, brand or cost)
Missions visions goals and objectives for an organisation
Review of case studies of differing Corporates and their strategies
Globalisation and its effect on corporate strategies
Sourcing from Low Cost Countries
The link between Corporate, Operational, and Procurement strategies
The top down – bottom up approach to strategy development
Stakeholders in the process
Role of procurement in the development of corporate strategic thinking
The upstream supply chain and its impact on the organisations competitive advantage and operational efficiency
Organisational dependency on its supply chains for competitive advantage
Day 2
Developing Procurement Strategies
People Selection and Development
Deciding on the mix of skills, competencies, attributes
Setting up and managing training and development programmes
Structures
Drivers and enablers for differing structures
Local or national or global, Centralised, networked, decentralised, matrix, co-located, project procurement structures
Processes and Process mapping
Sourcing strategies in the supply chain
Cost reduction initiatives
Relationship strategies
Course objectives
A practical guide to developing procurement strategies within the business
Who should attend?
All procurement teams charged with or currently developing overall procurement strategies. Teams seeking a refresher and review of their current strategic thinking
