An Intensive 5-day Training Course
Procurement Management Professional:
Strategic Procurement Master
Strategic Sourcing and Category Management
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Why Choose this Training Course?
This PetroKnowledege Procurement Management Professional: Strategic Procurement Master training course is designed to strengthen and expand a professional’s expertise across the entire procurement value chain. It covers the full spectrum — from leadership and management, and aligning procurement strategy with organizational goals, to advanced practices in sourcing, category management, and global supply. Participants will also gain insights into building effective supplier relationships, embedding sustainability into procurement decisions, and leveraging digital transformation to drive efficiency and innovation.
What are the Goals?
By the end of this training course you will be able to:
- Lead procurement with a strategic and transformational mindset
- Analyse spend, suppliers, risks, and markets effectively
- Build sourcing and category strategies linked to business goals
- Apply financial and performance measurement tools
- Manage suppliers using collaborative and performance-driven approaches
- Leverage digital technologies and ESG frameworks
- Build procurement strategies that create measurable organisational value
Who is this Training Course for?
- Procurement professionals seeking advanced capability
- Category managers and sourcing specialists
- Supply chain analysts and contract managers
- Managers transitioning into strategic procurement roles
- Anyone responsible for supplier performance and organisational value
Daily Agenda
Day One: Strategic Procurement Leadership & Foundations
- Perceptions of leadership in procurement
- Management vs. leadership
- Transformational leadership in procurement
- The evolving role of procurement in business strategy
- Spend analysis and opportunity assessment
- Introduction to category management principles
- Key procurement models and frameworks
- Stakeholder engagement in strategic sourcing
Day Two: Strategic Alignment, Sourcing Strategy & Market Intelligence
- Participating in strategic implementation planning
- Strategic implementation tools & frameworks
- Harnessing uncertainty and risk
- Converting strategy into action
- Defining sourcing strategies and objectives
- Sourcing process models (7-step sourcing)
- Supplier market research and intelligence
- Total cost of ownership (TCO) vs. price-based evaluation
- Legal and ethical considerations in sourcing
Day Three: Category Management, Cost & Value Optimisation
- Budgeting and costing along the value chain
- Fixed vs. variable costs & Direct vs. indirect costs
- Performance measurement & bottom-line impact
- Category planning & segmentation techniques
- Demand management & specification optimisation
- Cross-functional category team roles & responsibilities
- Creating category scorecards and KPIs
Day Four: Global Sourcing, Supplier Relationships & Risk Management
- Defining procurement excellence
- Developing the strategic procurement plan
- Supplier performance management tools
- Building supplier collaboration and partnerships
- Contract management integration with category strategy
- Developing a framework for managing contract risk
- Risk identification and mitigation strategies
- Handling supplier exits & transition planning
- Disruption response planning & resilience building
Day Five: Sustainable, Digital & Future-Ready Procurement
- Embedding sustainability & ESG in sourcing
- Implications on supplier selection procedures
- Relationship management – suppliers and stakeholders
- Digital tools and analytics in procurement strategy
- Emerging trends: e-sourcing, AI, and automation
- Developing procurement maturity roadmaps
- Measuring strategic procurement impact
- Performance improvement metrics
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
