Special Discount
World Class Procurement and Supply Chain Management Course
- 18 - 21 Aug 2026
- 17 - 20 Nov 2026
- Lagos, Nigeria
- Lagos, Nigeria
Distance Learning Mode
Special Discount
2 participants: 5% Group Discount
3 to 5 participants: 10% Group Discount
6 or more participants: 15% Group Discount
Distance Learning Mode: 10% Discount
Group discount applies for payment one week prior to the training date
Details
The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipment and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This Procurement and Supply Chain Management Best Practices training explores key concepts forming the basis of procurement and supply chain management and moves through leading edge issues that confront organizations today. How does your organization compare with industry best practices? Learn from world-class organizations that have set the standards and find out how you can enhance your overall value and performance.
Learning Objectives
- How your organization compares with best practices in procurement and in creating cost controls to directly affect shareholder value
- and economic profit and how to present purchasing savings
- How to use technology in the purchasing workflow
- What methods are used in planning and forecasting, how to determine cost of capital How to manage and control the process and requirements in handling political and legal issues associated with e-commerce
- How to analyses and evaluate supplier performance
- How to benchmark and negotiate
Course Contents
Module 1: Strategic Procurement and Supply Chain Management
- Principles of world-class procurement and supply chain management
- The strategic role of procurement in organizational success
- Procurement planning, forecasting, and budgeting
- Cost of capital, economic profit, and value creation
- Measuring procurement performance and cost savings
Module 2: Procurement Systems, Digitalization, and Process Excellence
- Modern procurement systems and purchasing workflows
- Electronic requisitions, purchase orders, and payment processes
- Information databases, audit trails, and internal controls
- Leveraging technology to improve procurement efficiency
- Digital transformation in procurement operations
Module 3: E-Procurement and Supply Chain Technology
- Fundamentals of e-procurement and e-commerce
- B2B, B2C, and B2E procurement models
- Supply chain integration, coordination, and visibility
- Digital security, encryption, and electronic signatures
- Legal, regulatory, and political issues in e-commerce
Module 4: Supplier Relationship and Performance Management
- Supplier selection and qualification strategies
- Supplier financial analysis and risk assessment
- Supplier certification and compliance management
- Performance measurement and supplier evaluation
- Building strategic supplier partnerships
Module 5: Procurement Benchmarking and Negotiation Strategies
- Procurement benchmarking and performance comparison
- Best practices from world-class organizations
- Strategic sourcing and cost reduction techniques
- Effective negotiation planning and execution
- Creating win-win supplier relationships
Module 6: Sustaining World-Class Procurement Excellence
- Continuous improvement in procurement and supply chain management
- Procurement governance, compliance, and risk management
- Performance monitoring using key procurement metrics
- Innovation and emerging trends in procurement
- Developing a roadmap for procurement excellence and organizational competitiveness
Whom to Attend
- Purchasing and supply management professionals and others interested in examining best practices in the procurement. Those who want to evaluate where their organization stands in the marketplace and seek strategies for improvement
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