About This Course :
This course provides a comprehensive understanding of the principles, practices, and strategic considerations in purchasing and supply management. Participants will explore the role of procurement in organizational success, effective negotiation strategies, and the integration of technology in modern supply chains.
Course Duration:
Physical Training: 5 Days
Online /Virtual: 5 Days
What Participants Expects From This Course:
- Understand the fundamental concepts of purchasing and supply management.
- Analyze the strategic importance of effective procurement in organizational success.
- Develop skills in supplier selection, negotiation, and relationship management.
- Explore global sourcing and international procurement considerations.
- Evaluate the impact of technology on purchasing and supply chain processes.
- Identify and mitigate risks in the procurement process.
- Apply ethical and sustainable practices in purchasing and supply management.
Course Outline:
Day 1: Introduction to Purchasing and Supply Management
- Definition and scope of purchasing and supply management
- Historical perspective and evolution
- Role in organizational success
Strategic Procurement
-Strategic sourcing and supplier selection
-Relationship management with suppliers
-Cost management and value analysis
Day 2: Negotiation Skills in Purchasing
- Principles of effective negotiation
- Techniques for successful negotiation
- Conflict resolution in procurement
Global Sourcing and International Procurement
- Considerations for global sourcing
- Cross-cultural negotiations
- Legal and regulatory aspects of international procurement
Day 3: Technology in Purchasing and Supply Chain
- Role of technology in procurement
- E-procurement systems
- Data analytics and artificial intelligence in supply management
Day 4: Risk Management in Procurement
- Identifying and assessing risks in procurement
- Strategies for risk mitigation
- Business continuity planning in procurement
Day 5: Ethical and Sustainable Practices in Procurement
- Ethical considerations in purchasing
- Sustainable sourcing and green procurement
- Corporate social responsibility in supply chains
- Comprehensive review of course content
Course Delivery Approach
This course is delivered by our experience training professionals who are expert specialists, and practicing in purchasing in both public and private sector. The course is taught through a mix of practical activities, theory, group works and case studies. Training manuals and additional reference materials are provided to the participants , who will also be awarded a certificate of participation from Skyrokers Training & Consultancy Institute at the end of the course.Skyrokers Training & consultancy Institute
