Foundations of Procurement and Global Supplier Management (5-days)

What you will learn

By the end of this course, you will be able to implement a successful strategy that enables you to:

• Develop strategic sourcing plans aligned with organisational goals and procurement best practices.
• Draft clear and effective Statements of Requirement (SOR) and Scope of Work (SOW) to define procurement needs.
• Implement supplier prequalification and evaluation techniques to ensure vendor reliability and compliance.
• Apply structured bid evaluation methodologies to select the most suitable suppliers.
• Utilise negotiation frameworks to achieve the best value in procurement contracts.
• Identify and assess key risks in procurement processes and supplier management.
• Develop risk mitigation strategies to minimize procurement disruptions and financial exposure.
• Apply contract risk allocation principles to ensure legal and financial protection.
• Implement contingency planning to address supply chain disruptions and external market factors.
• Ensure compliance with ethical procurement practices and develop fraud prevention mechanisms.
• Understand the full contract life cycle and its impact on procurement efficiency.
• Identify and apply the appropriate contract type based on procurement needs and risk considerations.
• Develop negotiation strategies to secure favorable contract terms and resolve disputes effectively.
• Implement supplier performance monitoring tools and evaluation frameworks.
• Utilise procurement KPIs to drive continuous improvement and enhance contract outcomes.
• Apply sustainability principles and best practices in procurement processes.
• Integrate ESG criteria to enhance ethical supplier selection and corporate sustainability goals.
• Assess the implications of local content requirements on procurement strategies.
• Explore innovations in sustainable supply chain management, including circular economy approaches.
• Ensure ethical sourcing and corporate social responsibility (CSR) compliance in procurement activities.