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Strategic Procurement

Course Overview


Purchase is no longer a support function or attached to the apron strings of production department. In an environment characterized by many unknowns, purchasing professionals must assist general management by providing purchasing expertise for strategic decisions. Purchasing can assist in calculating the probable impact of outside factors on supply, quality and price. The programme is designed to improve the understanding of the participants about strategic aspects of purchase function vis-a-vis developing their analytical skills.

Course Content


  • Overview of strategy, misconceptions of strategy
  • Traditional Procurement Vs Strategic Procurement
  • Traditional v New Age Procurement
  • What after training? How to make Strategic Procurement Plan (SPP)
  • Strategic Tool - Overview of Porter's Five Forces Model
  • Strategic Tool - Total Cost of Ownership (TCO)
  • Strategic Tool - Implementation of Kraljic Matrix
  • Strategic Tool - "What suppliers Think of you" matrix
  • Strategic Tool - Make Vs Buy Decision
  • Strategic Tool - SWOT Analysis
  • Various KPIs to measure performance of procurement function
  • How to audit the procurement function?
  • Scientific method of Vendor Assessment
  • How to widen Vendor Database and Vendor Consolidation
  • Vendor categorisation based on Kraljic Matrix
  • Strategic aspects of Vendor Management
  • Fresh discussion on SPP
  • Presentation by the participants on how they will prepare SPP for their company

Customer Reviews


Thanks to Xpertised and the tutor who walked me through all the topics with Practical exposure which is helping me in my current project.
-Waseem

Course was quite helpful in terms of understanding of concepts and practicality. Its really a very friendly environment to learn. The timing were mutually chosen, as we both are working professional. I am quite satisfied with the course.
-Tanmoy

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