Strategic Purchasing & Supply Management

This Strategic Purchasing & Supply Management training course guides participants through the process of developing and implementing effective strategies for procuring goods, parts, equipment, and services. The goal is to lower operating costs while enhancing quality and productivity. As supply chain management gains prominence, the role of purchasing has evolved from a routine buying function into a key component of strategic business planning.

In today’s highly competitive environment, organizations are rethinking how they manage suppliers and their supply networks. Purchasing is now seen as a strategic asset, crucial for building collaborative relationships that give firms a competitive edge. The value derived from supplier relationships depends heavily on how those relationships are managed. Therefore, having a strategic purchasing mindset is not enough—companies must also foster environments where both buyers and suppliers can actively contribute and strengthen their partnerships. A variety of supply management practices support and enable this collaboration.

By the end of this training course, delegates will be able to:

• Set Strategies for Procurement
• Build a Distinctive Capability in Strategic Purchasing
• Evaluate Purchasing Key Liaison Role Between External Suppliers and Internal Organizational Customers
• Improve Profitability by Controlling Total Costs
• Examine Sustainable Competitive Advantage by Enabling a Firm to Build and Leverage Beneficial Inter-Organizational Relationships

This training course is suitable to a wide range of professionals but will greatly benefit:

• Purchasing, Procurement, Contracts, Contract Administration, Projects Personnel
• All Others Who are Involved in the Planning, Evaluation, Preparation and Management of Purchasing and Contracts that Cover the Acquisition of Materials, Parts, Equipment, and Services and Who Are in Organizations Whose Leadership Want High Levels of Excellence in Those Involved in These Activities