Best Practices In Procurement Management Outline

Human Capital Skills

Best Practices In Procurement Management

2-Day Course l 100% HRDC Claimable

Course Introduction

Procurement is recognised as one of the most important functions in commerce and industry. Procurement function supports companies in managing costs by finding the optimum mix of suppliers to provide goods and services at best prices and quality in line with its priorities and requirement. Besides lowering costs and improve quality purchasing, procurement also helps in securing supply, reducing risks, gaining added value and introducing efficiency and innovations.

Learning Objectives

Enable the participants to know the basic principles of procurement
Enable participants to identify the various types of procurement methods
Become a more efficient and productive buyer
Save money through better procurement techniques
Improve the services provided by your suppliers through more effective negotiations and planning
Understand ethical and legal aspects and the liabilities of procurement within the law
Find out how to select and qualify suppliers
Learn how e-procurement can save money and exploit sales opportunities

Training Modules

Module 1: How Procurement Management adds value to the Firm

Module 2: Supplier Management Process

Module 3: Price, Cost and Total Cost of Ownership

Module 4: Specialised Procurement Management Tools

Module 5: Negotiation Skill for Strategic Buying

Module 6: Buying Strategy

Module 7: Procurement and Organization Strategy

Module 8: Procurement and Tender Management

Module 9: Contract Management and Commercial Law

Module 10: Procurement & Risk Management

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Target Audience

Buyers in service and manufacturing sectors, office purchasing agents, purchasing executives and managers, logistics executives and supervisors, manufacturing executives and supervisors, stock or inventory controllers and all personnel involved in logistics related work.

Training Methodology

This course can be conducted Physically and Online.

Physical Training Methodology
Interactive and experiential — participants learn through group activities, role-plays, discussions and real workplace scenarios.
The trainer will provide live guidance and immediate feedback
to strengthen understanding and practical application.

Online Training Methodology
Engaging and structured — participants join live discussions, breakout rooms, polls and scenario-based activities. Clear visuals and guided facilitation ensure interactive learning and effective application from any location.

Customization

Your talents development comes first. That’s why we tailor every course outline to fit your goals and close any existing skill gaps.

Duration
Flexible learning options from half a day to a 3-day sessions (and beyond)

Content
100% customizable modules to match your organisation’s exact training needs

Methodology
Delivered in your preferred format, be it physical, online or a blended approach

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Human Capital Skills