An Interactive 5-Day Training Course

Procurement Best Practices

Adding Value to the Strategic Process in Maximising Performance

Procurement Best Practices

Scheduled Dates

06 - 10 Jul 2026
Dubai - UAE
$5,950
24 - 28 Aug 2026
Barcelona - Spain
$5,950
12 - 16 Oct 2026
Dubai - UAE
$5,950
12 - 16 Oct 2026
Online
$4,950
02 - 06 Nov 2026
Riyadh - Saudi Arabia
$5,950
23 - 27 Nov 2026
London - UK
$5,950
28 Dec - 01 Jan 2027
London - UK
$5,950
29 Mar - 02 Apr 2027
Online
$4,950
24 - 28 May 2027
London - UK
$5,950
31 May - 04 Jun 2027
Abu Dhabi - UAE
$5,950
07 - 11 Jun 2027
Online
$4,950
05 - 09 Jul 2027
Dubai - UAE
$5,950
23 - 27 Aug 2027
Barcelona - Spain
$5,950
11 - 15 Oct 2027
Dubai - UAE
$5,950
11 - 15 Oct 2027
Online
$4,950
01 - 05 Nov 2027
Riyadh - Saudi Arabia
$5,950
22 - 26 Nov 2027
London - UK
$5,950
27 - 31 Dec 2027
London - UK
$5,950

Why Choose this Training Course?

Procurement has evolved from a basic administrative support role into a fully developed strategic business function. Today, it is no longer sufficient for procurement teams to simply convert requisitions into purchase orders and wait for the delivery of goods or services. Instead, procurement must consistently deliver measurable value to the organization by ensuring that the products and services acquired contribute directly to organizational performance and sustainability.

To achieve this, best practices must be applied across four key levels:

  • Strategic
  • Tactical
  • Operational
  • Contingency

This Procurement Best Practices Training Course is designed to equip participants with the knowledge and practical tools required to implement and sustain high-performing procurement functions across all four levels.

What are the Goals?

By attending this Procurement Best Practices Training Course, participants will be able to:

  • Understand the evolution and transformation of procurement into a strategic function
  • Examine the inputs, outputs, and processes within the procurement system
  • Develop effective and meaningful procurement performance measurement frameworks
  • Identify and apply the essential requirements across strategic, tactical, operational, and contingency levels

Who is this Training Course for?

This Procurement Best Practices Training Course is suitable for:

  • Contracts, Purchasing, and Procurement Professionals
  • Project, Engineering, Operations, and Maintenance Professionals involved in purchasing and contract execution
  • Individuals involved in the acquisition of materials, equipment, and services within organizations aiming to strengthen procurement capability

How will this Training Course be Presented?

This highly interactive Procurement Best Practices Training Course uses a mix of expert-led instruction, practical exercises, critical review of published materials, and group discussions. The approach is designed to connect established procurement practices with emerging concepts and real-world application.

Organisational Impact

Organizations will benefit through:

  • Faster delivery of measurable business value from procurement activities
  • Reduction in non-value-adding procurement processes and activities
  • Stronger relationships between internal stakeholders, customers, and suppliers
  • Lower total cost of ownership across procurement spend categories
  • Improved supplier performance and accountability

Personal Impact

Participants will gain the following benefits:

  • Enhanced skills across all stages of strategic procurement management
  • Stronger capability to lead, plan, and control procurement activities
  • Greater contribution to organizational strategic objectives and performance goals
  • Improved understanding and application of key performance indicators (KPIs)
  • Increased professional recognition through improved job performance

Daily Agenda

Day 1: Seeing Procurement as a Dynamic, Interactive System
  • The System Approach vs. the Traditional Functional Approach
  • What is the goal of Procurement?
  • Developing the Strategic Procurement Plan
  • An Overview of the Procurement Process
  • Procurement as Part of the Supply Chain
Day 2: Developing the Strategic Procurement Decisions
  • Make / Buy Decision
  • Vertical Integration
  • Alliances and Partnerships
  • Inter-company Trade
  • Reciprocity and Counter Trade
  • Supplier Strategy
  • The Coordination Strategy
  • The Purchasing Organisation
Day 3: Implementing the Tactical Procurement Decisions
  • Supplier Involvement
  • Value Analysis
  • Quality Assurance
  • Supplier Selection
  • Supplier Rating and Ranking
  • Contract Management
  • IT Systems and e-Procurement
  • Policies and Procedures
  • Staffing the Procurement Department
Day 4: Dealing with Operational Procurement Decisions
  • Selecting the most Appropriate Ordering Process
  • Addressing Quality Issues
  • Follow-up
  • Overdue Orders
  • Expediting
  • The Payment Process
  • Reducing the Cost of Procurement: Small Value Purchase Orders
Day 5: Contingency Procurement Decisions

  • The Different Contingency Situations
  • Contingency Management
Procurement Performance Measurement
  • Spend Analysis
  • Total Cost of Ownership
  • Supplier Performance Measurement


Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

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