Course Description

In many projects, procurement activities are critical to success. Imagine working in contractual relationships between buyers and suppliers so that there is mutual trust and a common focus on well-defined, mutually agreed-upon objectives. 

This course addresses various types of procurement activities, including service acquisition, intellectual property considerations, government requirements and more. It examines the strategic importance of procurement within departments by using concepts and ideas in order to maximize the procurement department’s effectiveness and thereby reducing costs throughout the supply chain. This is an important training course for purchasing professionals who will return to their organisation with actual realistic plans on how to make considerable cost savings.

Course Goal

To enhance the participants’ knowledge, skills, and ability necessary to improve their capacity to apply the elements of procurement management by properly planning for procurement, documenting the need, evaluating proposals, creating contracts and effectively managing the contracts to close out for increased project success.

Course Objectives

By the end of this training course, participants will learn to:

• Develop supply strategies.
• Understand and apply the concepts of activity-based costing.
• Build effective supplier relationships.
• Create rapport, build trust and establish credibility in a work group.
• Be a successful negotiator.

Who Can Benefit

• Professionals who have an experience of purchasing within organizations.  
• Finance and logistics professionals and others who are in the supply chain requiring an understanding of procurement.