Mini MBA for Procurement Professionals: Mastering the Art of Strategic Procurement

An Intensive 5-day Training Course

Mini MBA for Procurement Professionals:
Mastering the Art of Strategic Procurement

Aligning Procurement & Organisational Strategy

Mini MBA for Procurement Professionals: Mastering the Art of Strategic Procurement

Scheduled Dates

Classroom

10 - 14 Jun 2024 Riyadh - Saudi Arabia $5,950 RESERVE A SEAT
17 - 21 Jun 2024 Dubai - UAE $5,950 RESERVE A SEAT
22 - 26 Jul 2024 London - UK $5,950 RESERVE A SEAT
23 - 27 Sep 2024 Amsterdam - The Netherlands $5,950 RESERVE A SEAT
07 - 11 Oct 2024 Dubai - UAE $5,950 RESERVE A SEAT
02 - 06 Dec 2024 London - UK $5,950 RESERVE A SEAT
23 - 27 Dec 2024 Pretoria - South Africa $5,950 RESERVE A SEAT
17 - 21 Feb 2025 London - UK $5,950 RESERVE A SEAT

Online

22 - 26 Jul 2024 Online $3,950 RESERVE A SEAT
02 - 06 Dec 2024 Online $3,950 RESERVE A SEAT
17 - 21 Feb 2025 Online $3,950 RESERVE A SEAT
31 Mar - 04 Apr 2025 Online $3,950 RESERVE A SEAT

Are the scheduled dates matching with your needs?

We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.

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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?

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?

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?

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 / Online Training Course, a PetroKnowledge Certificate / E-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 Courses

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.
The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

Mini MBA Series

PetroKnowledge is pleased to offer a series of Mini MBA training courses aimed at providing an advanced approach in mastering a wide array of field and subjects relevant and essential to any industry. These training seminars provides holistic knowledge, skills and development that professionals and organisations alike will benefit from.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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