The objectives of a world-class procurement organization move far beyond the traditional belief that procurement’s primary role is to obtain goods and services in response to internal needs. With the increased share of external spend in the organization; Procurement is being viewed as a Strategic Function to improve profitability and ensure the best value for money.
This change from “Transaction” to “Strategic Procurement” aims at aligning it with corporate objectives to achieve long-range plans.
Learning Objectives:
Understand the concept of Transactional, Tactical & Strategic Procurement
Importance of Strategic Procurement
Strategic Sourcing Methods
Supplier Management Methods
Cost Management
Contract Management
Spend Analysis