Engineering & Technical Course

Strategic Procurement & Vendor Management (3 Days)

Course Overview: Empowers professionals to align procurement strategies with business goals, manage vendor performance, and drive cost efficiency.

Learning Objectives:

• Develop procurement strategies aligned with corporate objectives

• Evaluate and manage supplier performance

• Apply negotiation tactics for cost savings

• Mitigate risks in supplier relationships

Training Methodology:

• Procurement strategy workshops

• Supplier scorecard exercises

• Negotiation role-plays

• Group problem-solving

Organisational Benefits:

• Reduced procurement costs

• Stronger supplier partnerships

• Improved supply reliability

Personal Benefits:

• Enhanced negotiation and evaluation skills

• Better strategic alignment in procurement roles

Target Audience:

• Procurement Officers

• Supply Chain Managers

• Project & Facility Managers

Course Modules:

🔹 Day 1: Strategic Role of Procurement
🔹 Day 2: Supplier Selection & Performance Management
🔹 Day 3: Contracting, Risk & Negotiation

Customisable Parts: Supplier KPIs, local procurement frameworks, regional supplier databases