Mini MBA for Procurement Professionals

An Intensive 5-Day Training Course

Mini MBA for Procurement Professionals

Mastering the Art of Strategic Procurement

PMI® Registered training
PMI® Registered training

Scheduled Dates

05 - 09 Dec 2022 London - UK $5,950
06 - 10 Mar 2023 London - UK $5,950
24 - 28 Jul 2023 London - UK $5,950
04 - 08 Dec 2023 London - UK $5,950
Enroll Now View Online Format In-House Options

Are the scheduled dates matching with your needs?

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

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

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • 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 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • 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.

When should I expect to receive confirmation of registration?

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.

Is there a discount for more than one registrant/course?

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

Download PDF

© 2022. Material published by PetroKnowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.