Procurement Management Skills Program

Upcoming Schedules

Date	Venue	Duration	Fee (USD)
06 Jan - 10 Jan 2025	Live Online	5 Day	2750
17 Mar - 21 Mar 2025	Live Online	5 Day	2750
05 May - 09 May 2025	Live Online	5 Day	2750
16 Jun - 20 Jun 2025	Live Online	5 Day	2750
14 Jul - 18 Jul 2025	Live Online	5 Day	2750
25 Aug - 29 Aug 2025	Live Online	5 Day	2750
10 Nov - 14 Nov 2025	Live Online	5 Day	2750
15 Dec - 19 Dec 2025	Live Online	5 Day	2750

Course Overview

Key Takeaways:

Gain a holistic understanding of procurement management, encompassing every stage from supplier selection to contract execution, ensuring participants are equipped to handle complex procurement challenges.
Explore advanced negotiation techniques to secure the best value for goods and services while fostering long-term supplier partnerships.
Learn to leverage data analytics and emerging technologies like blockchain and AI to improve procurement transparency and efficiency.
Understand and implement sustainable procurement practices that align with environmental, social, and governance (ESG) criteria, crucial for modern business sustainability.
Master the development of a procurement strategy that balances cost-efficiency, quality assurance, and risk mitigation.
Engage with global procurement scenarios, including trade compliance and international sourcing, to prepare for challenges in an interconnected marketplace.
Receive guidance on aligning procurement operations with organizational goals, enhancing participants’ ability to lead procurement teams and projects effectively.

Gain a holistic understanding of procurement management, encompassing every stage from supplier selection to contract execution, ensuring participants are equipped to handle complex procurement challenges.
Explore advanced negotiation techniques to secure the best value for goods and services while fostering long-term supplier partnerships.
Learn to leverage data analytics and emerging technologies like blockchain and AI to improve procurement transparency and efficiency.
Understand and implement sustainable procurement practices that align with environmental, social, and governance (ESG) criteria, crucial for modern business sustainability.
Master the development of a procurement strategy that balances cost-efficiency, quality assurance, and risk mitigation.
Engage with global procurement scenarios, including trade compliance and international sourcing, to prepare for challenges in an interconnected marketplace.
Receive guidance on aligning procurement operations with organizational goals, enhancing participants’ ability to lead procurement teams and projects effectively.

Course Objectives

Upon completing the Procurement Management Skills Program at Pideya Learning Academy, participants will:
Acquire complete knowledge and understanding of procurement management processes and their role in supply chain management.
Develop the expertise to set up a streamlined procurement management process that showcases their ability to take on advanced roles.
Hone negotiation skills to secure high-quality goods and services at competitive prices.
Build and sustain strong relationships with suppliers to ensure timely delivery of goods at optimal quality and cost.
Gain advanced knowledge and tools to source raw materials and goods effectively from diverse suppliers.
Understand and apply advanced procurement management concepts to enhance operational efficiency.
Learn to mentor and train others on procurement best practices, fostering a culture of excellence.
Contribute to organizational growth through improved procurement strategies and execution.

Personal Benefits

Participants of the Procurement Management Skills Program will achieve:
Mastery over the entire procurement management process, from planning to execution.
Confidence to implement advanced strategies and showcase leadership potential.
Recognition through certification, enhancing their professional credibility.
Skills to mentor peers and drive organizational improvements in procurement management.
Versatility to apply procurement management practices across various industries.
Enhanced strategic thinking and foresight to anticipate and mitigate procurement challenges.

Organisational Benefits

Who Should Attend

This course is ideal for:
Senior management seeking a deep understanding of procurement systems.
Supply chain professionals aspiring to transition into procurement roles.
Employees involved in supplier negotiations or procurement-related functions.
Procurement managers and supervisors responsible for overseeing operations.
Quality managers and auditors ensuring compliance with procurement standards.
Anyone interested in gaining a professional certification in procurement management.
Join the Procurement Management Skills Program at Pideya Learning Academy and elevate your procurement expertise to drive organizational success and career advancement.

Course Outline

Module 1: Overview of the Certified Procurement Professional Certification

History and Evolution of Procurement Certification Scope of the Certification Exam Duration and Format Certification Validity and Renewal Process Eligibility Requirements for Candidates Benefits of Certification in Career Advancement

Module 2: Overview of Supply Chain Management and Procurement Functions

Core Activities of Supply Chain Management Importance of Logistics in Procurement Strategic Cost Management in Procurement Risk Identification and Mitigation Strategies Effective Negotiation Techniques in Procurement Fundamentals of Contract Development and Management

Module 3: Principles of Procurement

Transparency in Procurement Processes Upholding Integrity in Procurement Activities Economic Considerations in Procurement Decisions Importance of Openness in Supplier Communication Ensuring Fairness in the Procurement Cycle Encouraging Healthy Competition Among Suppliers Accountability Standards in Procurement

Module 4: Procurement Management Processes

Planning Procurement Management Conducting Procurement Operations Monitoring and Controlling Procurement Activities Closing and Finalizing Procurement Contracts

Module 5: Critical Procurement Concepts

Understanding Reverse Auctions Procure-to-Pay (P2P) Processes Source-to-Pay (S2P) Framework Total Cost of Ownership (TCO) Analysis Value-Based Procurement

Module 6: Critical Steps in the Procurement Process

Conducting Internal Needs Analysis Assessing Supplier Market Capabilities Gathering and Evaluating Supplier Information Developing Comprehensive Sourcing Strategies Executing the Sourcing/Outsourcing Strategy Negotiating with Suppliers and Finalizing Bids Implementing Supply Chain Enhancements

Module 7: Stages of Procurement Maturity

Reactive Procurement Management Proactive Procurement Strategies Collaborative Strategic Joint Value Creation Innovation-Driven Procurement

Module 8: Procurement Planning and Implementation

Conducting Spend Analysis Utilizing the Kraljic Portfolio Matrix Supplier Performance Assessment Frameworks Leveraging Procurement for Organizational Advantage Implementing Procurement Management Software Inventory Optimization Strategies

Module 9: Key Elements of a Procurement Plan

Forming a Dedicated Procurement Team Identifying Item and Service Requirements Establishing Supplier Selection Criteria Managing Bid Invitations and Acceptance Processes Allocating Budgets and Timelines Monitoring Procurement Performance Metrics

Module 10: Procurement Fraud and Prevention

Kickbacks and Corrupt Payments Detection Identifying and Mitigating Corrupt Influence Collusion and Bid Manipulation Prevention Recognizing and Addressing Billing Fraud Managing Conflicts of Interest in Procurement Spotting and Preventing Delivery Fraud

Module 11: e-Procurement Value Chain

Indent Management Systems e-Informing Platforms Digital Tendering Processes Online Auctioning Mechanisms Vendor Management Systems (VMS) Catalogue Management in e-Procurement Digital Purchasing Tools e-Ordering Platforms e-Invoicing Systems e-Contract Lifecycle Management

Module 12: Responsibilities of a Procurement Officer

Supervising Procurement Staff and Teams Overseeing Product Purchases and Deliveries Managing and Analyzing Procurement Data Communicating Effectively with Suppliers Creating and Monitoring Procurement Management Plans Preparing and Issuing Requests for Proposals (RFPs) Handling Bid Invitations and Evaluation

Module 13: Key Performance Indicators (KPIs) for Procurement Officials

Tracking Inventory Levels and Turnover Measuring Supplier Performance Metrics Evaluating Buyer Performance and Efficiency Conducting Spend Analysis (Local and International) Analyzing Procurement Savings Achieved

Module 14: Procurement Management Challenges

Addressing Supplier-Related Challenges Selecting Effective Procurement Strategies Balancing Cost Reduction and Quality Maintenance Ensuring Accurate Data Management Managing Diverse Stakeholder Expectations Risk Mitigation Techniques in Procurement Identifying and Implementing the Right Procurement Tools Recruiting, Retaining, and Training Procurement Talent Streamlining the Request for Proposal (RFP) and Quotation (RFQ) Processes

Module 15: Sustainability in Procurement

Environmental Impact of Procurement Decisions Ethical Sourcing Practices Circular Procurement Models Sustainable Supplier Selection Criteria Integrating ESG (Environmental, Social, Governance) Factors

Module 16: Advanced Procurement Tools and Technology

Artificial Intelligence in Procurement Blockchain for Transparency in Supply Chains Internet of Things (IoT) Applications in Procurement Cloud-Based Procurement Management Systems Data Analytics and Reporting Tools

Module 17: Global Procurement and Trade Compliance

International Trade Laws and Regulations Customs and Tariffs Management Cross-Border Procurement Challenges Ensuring Compliance with Trade Agreements Currency Exchange and Financial Risks

Module 18: Strategic Sourcing and Category Management

Category Strategy Development Supplier Relationship Management (SRM) Demand Forecasting Techniques Aligning Sourcing with Business Strategy Cost-Benefit Analysis in Strategic Sourcing

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