Strategic Procurement & Supply Chain Management
Core Business Skills for managers, executives and professionals
Duration
5 Days
Format
Classroom &Online
Fee From
$2,950
Scheduled Dates
No sessions of this type are scheduled.
Introduction
- Procurement and supply chain management have moved from back-office functions to strategic priorities. Disruption, inflation, geopolitical risk and sustainability requirements mean organizations need supply chains that are cost-effective, resilient and responsible, and procurement teams that can deliver value well beyond price savings. Over five days, this Thinkcloudly course gives professionals a practical grounding in strategic sourcing, category management, supplier relationship and contract management, supply chain planning and risk, and the use of data and technology to improve performance.
- Spend analysis, strategic sourcing and category management
- Supplier relationship, performance and contract management
- Supply chain planning, inventory and logistics
- Supply chain risk, resilience, sustainability and digital tools
Objectives
- Align procurement and supply chain strategy with organizational goals
- Analyse spend and develop category and sourcing strategies
- Evaluate suppliers using total cost of ownership and risk criteria
- Negotiate and manage contracts that deliver value and reduce risk
- Segment suppliers and manage relationships and performance
- Improve demand planning, inventory and logistics performance
- Identify supply chain risks and build resilience and sustainability
Training Methodology
Organisational Impact
- Measurable cost savings and improved value for money
- More resilient supply chains that withstand disruption
- Stronger supplier relationships, performance and innovation
- Reduced commercial, contractual and compliance risk
- Lower inventory levels and improved service to customers
- Progress on sustainability and responsible sourcing goals
Personal Impact
- Think strategically about procurement and supply chain decisions
- Use spend analysis, category management and TCO tools with confidence
- Negotiate better terms and manage contracts effectively
- Build productive, long-term supplier relationships
- Identify and manage supply chain risks proactively
- Strengthen your profile for senior procurement and supply chain roles
Who Should Attend?
- Procurement, purchasing and sourcing managers
- Supply chain, logistics and operations managers
- Category managers and buyers
- Contract and supplier relationship managers
- Inventory, planning and materials managers
- Finance professionals involved in procurement and cost control
- Project managers responsible for supplier delivery
- Senior leaders overseeing procurement and operations
Course Outline
- From purchasing to strategic procurement
- The end-to-end supply chain and value creation
- Aligning procurement strategy with business strategy
- The procure-to-pay process, policies and governance
- Measuring procurement performance and maturity
- Case study: procurement as a strategic function
- Spend analysis and opportunity identification
- Category management and the Kraljic matrix
- Make-or-buy and outsourcing decisions
- Market analysis and supplier selection
- Total cost of ownership
- Practical exercise: building a category strategy
- Preparing for supplier negotiations
- Contract types, key terms and risk allocation
- Contract management and compliance
- Supplier segmentation and relationship management
- Supplier performance scorecards and KPIs
- Role play: a supplier negotiation
- Demand forecasting and sales and operations planning
- Inventory management models and safety stock
- Logistics, warehousing and distribution
- Lean and agile supply chain approaches
- Supply chain KPIs and cost-to-serve
- Practical exercise: optimising inventory levels
- Identifying and mapping supply chain risks
- Building resilience: dual sourcing, nearshoring and buffers
- Sustainable and ethical procurement and ESG requirements
- Digital procurement, e-sourcing and analytics
- Using AI and automation in procurement and supply chain
- Capstone exercise: procurement and supply chain action plan
Certificates
CLASSROOM
Delegates who complete the classroom course receive the Thinkcloudly Certificate of Completion, with one Continuing Professional Education (CPE) credit for every 50 minutes of attendance.
ONLINE
Delegates who complete the live online course receive the Thinkcloudly Certificate of Completion, with one Guided Learning Hour awarded for every 60 minutes of attendance.
Providers and Associations
Original price was: $6,499.00.$5,950.00Current price is: $5,950.00.
Our Learners Work At
Frequently Asked Questions
What will I learn on this course?
How to develop sourcing and category strategies, manage suppliers and contracts, improve supply chain planning, and manage supply chain risk and sustainability.
Do I need prior procurement experience?
No. The course suits both experienced procurement professionals and managers from related functions, and builds from fundamentals to strategic practice.
Is the course relevant to the public sector?
Yes. The principles apply across sectors, and the course discusses the additional governance and transparency requirements of public procurement.
Does the course cover sustainability and ESG?
Yes. Day 5 covers sustainable and ethical procurement, supplier due diligence and ESG reporting requirements in the supply chain.
What will I take back to my organization?
A category strategy template, a total cost of ownership model, a supplier scorecard, a supply chain risk map and a personal action plan.
What is included in the fee?
The fee of $5,950 covers the full five-day programme, course materials and certificate. Classroom fees also include lunch and refreshments.
Will I receive a certificate?
Yes. All delegates who complete the course receive the Thinkcloudly Certificate of Completion, with CPE credits for classroom attendance or Guided Learning Hours for online attendance.
Can this course be delivered in-house?
Yes. We can tailor the content and case studies to your industry and deliver it at your premises, a venue of your choice or online. Contact [email protected] to discuss your requirements.
