Mini MBA For Procurement Professional: Procurement Best Practices

Introduction

The Mini MBA for Procurement Professionals course equips either seasoned or rising star procurement professionals to shift from administrative, cost-focused to value driven thinking, aligning procurement strategy with business objectives and lead the procurement function to become a competitive edge by maximizing benefits received in return for spend. Through a mix of real-world examples, procurement KPI benchmarking, frameworks, and strategic models, participants will learn to raise the bar of the procurement function’s contribution with quantified cash and non-cash value. 

This training course aims at widening the perspectives of delegates with global and cross-industry procurement best practice, lessons learned, and success factors experienced by the biggest multinational companies in the world. A real-life procurement transformation journey of one of the biggest multinational companies will be shared. With the rapid development of AI and digitalization of business activities, organisations need procurement leaders who can go beyond transactional buying to deliver sustained competitive advantage. Modern day procurement function must deliver tangible and visible value to justify its existence.

This GLOMACS Mini MBA For Procurement Professional: Procurement Best Practices training course will highlight:

• Understanding of strategic leadership in the economic context for your business
• Developing a robust and future oriented strategy
• Enhancing costs awareness within the value chain and understanding the impact on the bottom line
• Defining and apply sourcing strategies in line with your organizational goals and objectives
• Building collaboration and long term supplier relationships

Objectives

At the end of this training course, you will learn to: 

• Establish procurement as a competitive edge
• Understand Total Cost of Ownership (TCO)
• Apply best-practice in end-to-end procurement
• Strategic contract and supplier management
• To understand the benefits of strategies that create and lead change

Training Methodology

This Mini MBA for Procurement Professionals training course applies a practical and highly engaging approach, combining expert-led presentations with interactive group discussions, real world case studies, and applied exercises. Participants will work through proven procurement models, analyse current practices, and explore strategic frameworks to ensure learning is both actionable and aligned with organisational needs.

Organisational Impact

The Organisation will have the following benefits;

• Elevate procurement’s role to competitive edge
• Understanding of strategic leadership in the economic context for your business
• Enhancing costs awareness within the value chain and understanding the impact on the bottom line
• Apply powerful interpersonal techniques to improve communication, and stakeholder management
• Defining and apply sourcing strategies in line with your organizational goals and objectives
• Building collaboration and long term supplier relationships

Personal Impact

At the end of this training course, the participants will gain the following;

• Widened horizon to cross-industry procurement performance
• Improved strategic competence in procurement
• Enhanced leverage in supplier negotiations and decision-making processes
• Clearer understanding of value-based procurement
• Increased confidence in managing procurement risks
• Broader career opportunities in strategic procurement roles