Transforming a Procurement Function

Introduction

This Transforming a Procurement Function training course aims at widening the perspectives of delegates with global and cross-industry procurement transformation journeys, lessons learned, and success factors experienced by the biggest multinational companies in the world. The participants will get hands-on with proven methodology and tools to perform a gaps analysis, preparing a business case for change, design targeted stakeholders management plan, multi-level communication plan, project governance, risk mitigation plan so as to implement a successful transformation project. A real-life procurement transformation journey of one of the biggest multinational companies will be shared.

These training course objectives are very ambitious. One course covers both of procurement's latest best practices and the key and practical methodologies in a transformation project. This is not for the light-hearted. Leading an organization or just a function in a transformation journey is for those with unshakeable determination and world-class competency and skills.

What value has your procurement function delivered? How is your procurement performance compared with your peers or world best practice? How should an organization embark on its procurement transformation journey? All these questions will be answered and discussed in depth.

This GLOMACS training course will highlight:

• What is the actual and perceived value procurement in an organization?
• How the biggest multinationals and even governments have transformed their procurement?
• How to measure your As-Is?
• How to define your To-Be? 

• Is it worth investing in a transformation?
• Best practices and lessons learned in a transformation project

Objectives

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

• Analyze the role of procurement in driving the organizational strategic and competitive advantage
• Identify where are the gaps in procurement within their organization
• Investigate and analyze the nature and root cause of these procurement gaps effectively
• Propose practical approaches and methods to eliminate these gaps in procurement
• Continuously improve procurement benchmarked to best practices

Training Methodology

Leveraging world best practice proven in the real business, this Transforming a Procurement Function training course will be delivered by a recognized Procurement and Change Management Professional who has been involved in delivering complex 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 Transforming a Procurement Function training course is profound, including: 

• Procurement becomes a competitive edge of the company
• Best Practices in E2E Procurement
• Skills required for world-class procurement
• Problem-solving within procurement
• Planning to close the gap and deliver excellent procurement
• Capitalizing on lessons learned from the biggest multinationals

Personal Impact

The impact of this training course to the participants are manifold and includes: 

• Individual action plans
• Problem-solving techniques
• Steps to turn strategy into action
• Change management best practices
• Professional competency development framework
• Tips for engaging with stakeholders