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Course Schedule
Classroom Sessions:
DateVenueFees
02 - 06 Jun 2025 London - UK $5,950
01 - 05 Sep 2025 Amsterdam - The Netherlands $5,950
24 - 28 Nov 2025 London - UK $5,950
01 - 05 Jun 2026 London - UK $5,950
31 Aug - 04 Sep 2026 Amsterdam - The Netherlands $5,950
23 - 27 Nov 2026 London - UK $5,950
Online Sessions:

24 - 28 Nov 2025 Online $3,950
23 - 27 Nov 2026 Online $3,950
Course Description

INTRODUCTION

This Strategic Cost and Value Management in Procurement training course will have a deep dive into Total Cost of Ownership and value creation by strategic procurement, which is critical for organizations to be able to compete at the global level with sustainable profitability. It will look at how to deliver acquisition cost reduction, TCO optimization, cost avoidance, and value creation in modern organizations.

Strategic cost management is vital and increasingly important for all organisations. Competitive bidding with as many bidders as possible is the only way to help organizations buy goods or services at the lowest price such that the organizations can become more competitive than their peers? This common and traditional approach will remain a major mechanism in both private and public procurement. Still, there is a much bigger picture and scope that contributes to the competitiveness of organizations. Time-To-Market, Total Life Cycle Cost, Brand Image, Corporate Reputation, etc. will all contribute to the competitiveness of modern organizations. This Strategic Cost and Value Management in Procurement training course leads the participants through the development and implementation of carefully crafted strategies for managing costs while maximizing value for the more significant organizations.

This GLOMACS Strategic Cost and Value Management in Procurement training course will highlight:

  • Setting strategies for world-class category cost management
  • Maximising value for money
  • Identifying costs drivers
  • Improving profitability by minimizing Total Cost of Ownership (TCO)
  • Understanding and managing supplier pricing models

Objectives

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

  • Identify the major costs drivers to recommend cost control measures and strategies
  • Analyse the Elements of Cost in Supplier’s Price
  • Evaluate total life cycle costs or Total Cost of Ownership (TCO)
  • Analyse costs within the organisation
  • Create an approach to Strategic Cost management

Training Methodology

Leveraging world best practice proven in the real business, this GLOMACS Strategic Cost and Value Management in Procurement training course will be delivered by a recognized Strategic Procurement Professional who has been leading in complex procurement projects around the world. Exercises, role plays built on a carefully designed case study will maximize hands-on practice.

Organisational Impact

Impact on the organisation in attending this Strategic Cost and Value Management in Procurement training course is profound, including: 

  • Understanding the impact of Cost Management in Procurement
  • Understanding how cost and management accounting information affects the strategic and operational decisions within the organization
  • Understanding of profitability of key customers, and how this effect strategic cost management in the supply chain
  • Crafting the right strategies to deliver quantifiable value to the organisation
  • Appreciating the latest trend in procurement cost management in some of the biggest MNCs
  • Understand the need for change to more strategic and innovative approaches

Personal Impact

The impact of this Strategic Cost and Value Management in Procurement training course to the participants are manifold and includes: 

  • Climbing the career ladder for a strategic procurement role vs. administrative role
  • Upgraded status in the organization for directly impacting on the profitability of the organization
  • Understanding the range of methodologies and techniques required for Total Cost of Ownership reduction
  • Being respected as a change champion to lead all departments in TCO reduction
  • Being more respected by suppliers for acting more professionally
  • Adding consulting skills to his/her competence

WHO SHOULD ATTEND?

This GLOMACS Strategic Cost and Value Management in Procurement training course is suitable for a wide range of professionals in the petroleum and construction industries, but will greatly benefit: 

  • P&L Owners
  • Line Managers
  • Cost Engineers
  • Project Managers
  • Departmental Heads
  • Senior Procurement Leaders
  • Experienced Procurement Personnel
  • Tendering & Contracts Professionals
Course Outline

DAY 1

Understanding the Value Proposition of Procurement to a Corporate 

  • Linking Corporate and Procurement Objectives
  • World-Class Procurement Performance Benchmarking
  • KPIs to Measure Procurement Performance
  • Typical Procurement Organizational Structures
  • Common Requisition-To-Pay and Contract Management Systems
  • Private and Public Procurement Policies

DAY 2

Tools and Techniques in E2E Procurement Category Management 

  • Supply Market Analysis
  • Market Approaches
  • Best-Fit Contracting Strategy
  • Contract Award
  • Contract Performance Management

DAY 3

Cost Management and Value Creation 

  • Understanding the Financial Statements
  • Applying and Interpreting Present Net Value
  • Supply Chain Cost Modelling
  • Total Cost of Ownership and Total Lifecycle Cost
  • Porter’s Five Forces
  • Value in Post Contract Award Contract Management
  • Tools and Techniques in Decision Making
    • Decision Trees
    • Root Cause Analysis

DAY 4

Selling Strategic Procurement to Stakeholders 

  • Create the Vision and Mission Statement
  • Quantify the Tangible Benefits and Cost to Implement the Strategies
  • Introduce the Organization, Process and Systems to Realize the Strategic Procurement Benefits
  • Specify the Deliverables and Milestones
  • Estimate the Resources and Time Needed for Implementation
  • Identify Stakeholders and Create Stakeholders Management Plan
  • Create Risks Mitigation Plan for the Project
  • Prepare Communication Plan
  • Influencing Skills

DAY 5

Create A Deep Dive Category Strategy

  • Define the Deliverables of a Deep Dive Category Strategy
  • Introduction of Three Categories for Teams to Choose From
  • Organizations Expectation
  • Category Spend Data
  • Supply Market Profiles
  • Stakeholders’ Positions
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

Visit website

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Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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