Mini MBA for Procurement Professionals:
Mastering the Art of Strategic Procurement

INTRODUCTION

This Mastering the Art of Strategic Procurement is an intensive 5-day mini MBA training course designed to meet global changes in transformational leadership, finance and procurement strategies. In today’s world middle and senior managers are faced with increasingly complex “value chain management”. A strategic approach to procurement can give organisations a competitive advantage by maximizing benefits received in return for spend, therefore professionals need to understand the various elements driving change strategies, ensure cost efficiencies and achieve competitive procurement in a global environment. This concentrates on the core leadership strategies, financial implications and sourcing activities.

This GLOMACS training course will feature:

• Understanding of strategic leadership in the economic context for your business
• Developing innovation approaches for strategy development
• 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

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

• To understand the benefits of strategies that create and lead change
• To apply tools and techniques that develop strategic thinking and innovation
• Implement analysis and problem solving
• Understand Total Cost of Ownership (TCO)
• Develop robust Service Level Agreements (SLA)
• Maximising supplier contribution and performance

Training Methodology

Participants will learn by active engagement during this training course through the use of course materials, exercises, videos and group discussions on “real life” issues. Procurement management knowledge, skills, tools and techniques are taught through case studies, experiential exercises and practical examples that can be used immediately to improve your procurement results.

Organisational Impact

This training course will feature:

• Understanding of strategic leadership in the economic context for your business
• Developing innovation approaches for strategy development
• 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

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

• To understand the benefits of strategies that create and lead change
• To apply tools and techniques that develop strategic thinking and innovation
• Implement analysis and problem solving
• Understand Total Cost of Ownership (TCO)
• Develop robust Service Level Agreements (SLA)
• Maximising supplier contribution and performance

WHO SHOULD ATTEND?

Professionals interested in furthering their leadership and procurement management skills would benefit from this Mastering the Art of Strategic Procurement training course. It will also be beneficial to:

• Managers and leaders involved in major global sourcing activities
• Finance professionals involved with major capital expenditure projects
• Senior procurement professionals
• Project managers
• Contract and procurement managers
• Senior buyers
• Commodity procurement specialists