An Intensive 5-Day Training Course
Mini MBA for Procurement Professionals:
Mastering the Art of Strategic Procurement
Aligning Procurement & Organisational Strategy
Scheduled Dates
| 24 - 28 Jul 2023 | London - UK | $5,950 |
| 09 - 13 Oct 2023 | Dubai - UAE | $5,950 |
| 04 - 08 Dec 2023 | London - UK | $5,950 |
| 04 - 08 Mar 2024 | London - UK | $5,950 |
Why Choose this Training Course?
Why Choose this Training Course?
This Mini MBA for Procurement Professionals course is an intensive 5-day training programme designed to meet global changes in transformational leadership, finance and procurement strategies. In today’s world middle and senior managers are faced with increasingly complex “value chain management.” A strategic approach to procurement can give organisations a competitive advantage by maximizing benefits received in return for spend, therefore professionals need to understand the various elements driving change strategies, ensure cost efficiencies and achieve competitive procurement in a global environment. This PetroKnowledge course concentrates on the core leadership strategies, financial implications and sourcing activities.
This training course will feature:
- Understanding of strategic leadership in the economic context for your business
- Developing innovation approaches for strategy development
- Enhancing costs awareness within the value chain and understanding the impact on the bottom line
- Defining and apply sourcing strategies in line with your organizational goals and objectives
- Building collaboration and long term supplier relationships
What are the Goals?
What are the Goals?
By the end of this Procurement Professionals training course, participants will be able to:
- Understand the benefits of strategies that create and lead change
- Apply tools and techniques that develop strategic thinking and innovation
- Implement Analysis and Problem Solving
- Understand total cost of ownership
- Develop robust service level agreements
- Maximise supplier contribution and performance
Who is this Training Course for?
Who is this Training Course for?
Professionals interested in furthering their leadership and procurement management skills would benefit from this training course. It will also be beneficial to:
- Managers and leaders involved in major global sourcing activities
- Finance professionals involved with major capital expenditure projects
- Senior Procurement Professionals
- Project Managers
- Contract and Procurement Managers
- Senior buyers
- Commodity procurement specialists
How will this Training Course be Presented?
How will this be Presented?
Participants will learn by active engagement during the training course through the use of programme materials, exercises, videos and group discussions on “real life” issues. Procurement management knowledge, skills, tools and techniques are taught through case studies, experiential exercises and practical examples that can be used immediately to improve your procurement results.
Organisational Impact
This exciting PetroKnowledge training seminar will feature:
- Understanding of strategic leadership in the economic context for your business
- Developing innovation approaches for strategy development
- Enhancing costs awareness within the value chain and understanding the impact on the bottom line
- Apply powerful interpersonal techniques to improve communication, and stakeholder management
- Defining and apply sourcing strategies in line with your organizational goals and objectives
- Building collaboration and long term supplier relationships
Personal Impact
By the end of this PetroKnowledge training seminar, participants will be able to:
- Understand the benefits of strategies that create and lead change
- Apply tools and techniques that develop strategic thinking and innovation
- Implement Analysis and Problem Solving
- Understand total cost of ownership
- Develop robust service level agreements
- Maximising supplier contribution and performance
Daily Agenda
Day One: Procurement Leadership
- Perceptions of leadership in the field of procurement
- Management versus Leadership
- Transformational leadership in procurement
- The leadership challenge: balancing strategy and culture
- Leadership in strategic thinking organisations
- Understanding the interrelated factors that impact procurement
Day Two: Aligning Procurement to Organisational Strategy
- Participating in the Strategic Implementation Planning Process
- Recognizing and interpreting forces in the strategic environment
- Strategic implementation tools and frameworks
- Analysing and prioritizing strategic sourcing issues
- Harnessing uncertainty and risk
- Converting Strategy into Action
Day Three: Cost Awareness and Financial Impact along the Value Chain
- From Strategic Planning to the Operating plan
- Budgeting and costing along the value chain
- Fixed vs variable costs
- Contribution Margin
- Direct vs indirect costs
- Performance measurement and impact on the bottom line
Day Four: Global Sourcing and Critical Procurement Strategies
- Defining Procurement Excellence
- Definition of Sourcing Strategy and Critical Supply Strategies
- Tactical versus Strategic Sourcing
- Developing the Strategic Procurement Plan
- Using international supply chains for competitive advantage
- Developing a framework for managing contract risk
Day Five: Developing and Maintaining Long-term Supplier Relationships
- Implications on supplier selection procedures
- Turning vendors into partners
- Relationship management – suppliers and stakeholders
- Performance improvement metrics
- The Service Level Agreement framework
- Applying the right incentives for the right outcome
Also available under the title Procurement Management Professional
Certificate
- On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates
- On successful completion of this PetroKnowledge training course, Certificate with eligible Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
PMI® Registered Training Course
The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.
In Association With
GLOMACS Training
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients
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