BSC-138     Advanced Procurement, Strategic Sourcing & Category Management

  • Overview
  • Course Objectives
  • Course Content
  • For Whom
  • Schedule and Hours
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This 3-day training program aims to enhance the strategic and operational skills of procurement and sourcing professionals. Key areas include procurement fundamentals, strategic sourcing, category management, supplier relationship management (SRM), negotiation, and risk management. 
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Participants will learn to transition from transactional purchasing to strategic roles that drive business performance, foster supplier collaboration, optimize costs, and create value. The course also focuses on supplier evaluation, Total Cost of Ownership (TCO), and effective stakeholder engagement for improved sourcing decisions and procurement outcomes.
By the end of this programme, participants will be able to:
  • Understand procurement fundamentals and strategic sourcing methodologies
  • Apply category management concepts and sourcing strategies
  • Conduct spend analysis, supplier evaluation, and market analysis
  • Apply Total Cost of Ownership (TCO) and commercial evaluation techniques
  • Improve supplier relationship management and supplier performance monitoring
  • Apply advanced negotiation techniques and stakeholder management skills
  • Understand procurement financial impacts and budgeting considerations
  • Identify procurement risks and implement mitigation strategies
  • Session 1: Procurement Fundamentals & Procure-to-Pay (P2P) Process
  • Session 2: Strategic vs Tactical Sourcing
  • Session 3: Spend Analysis & Supplier Lifecycle Management
  • Session 4: Strategic Sourcing Methodology
  • Session 5: RFx Management & Supplier Evaluation
  • Session 6: Category Strategy Development
  • Session 7: Market Intelligence & Cost Structure Analysis
  • Session 8: Total Cost of Ownership (TCO) & Finance for Procurement
  • Session 9: Advanced Negotiation Skills
  • Session 10: Communication & Stakeholder Management
  • Session 11: Supplier Relationship Management (SRM)
  • Session 12: Supplier Performance Management
  • Session 13: Procurement Risk Management
  • ​Session 14: Procurement Business Partnering & Value Creation
This course is ideal for:
  • Procurement Managers and Officers
  • Supply Chain Managers and Executives
  • Purchasing Analysts
  • Strategic Sourcing Professionals
  • Supplier relationship management personnel
  • Contract and commercial executives
  • Procurement analysts and planners
  • Operations and finance personnel involved in procurement decisions
This is a 3-days programme.
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This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
 
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.

We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
​All of our training modules are claimable under HRD Corp.