Lead procurement as a strategic function that creates value, not just savings.
Lead procurement as a strategic function that creates value, not just savings.
Lead procurement as a strategic function that creates value, not just savings.
Course Overview
SPM
Strategic Procurement Master
Develop the judgment to run procurement as a strategic function: aligning spend with business strategy, managing categories and supplier relationships, controlling risk, and leading transformation.
What You Will Learn
participants will be able to:
- Explain how the modern CPO creates value beyond cost.
- Align procurement objectives with enterprise strategy.
- Segment spend using the Kraljic portfolio matrix.
- Run a structured strategic sourcing process.
- Evaluate suppliers on total cost of ownership.
- Build a category strategy and roadmap.
- Manage demand and govern a savings pipeline.
- Segment and develop the supplier base.
- Assess procurement risk and build resilience.
- Embed sustainability into sourcing decisions.
- Apply analytics and AI across source to pay.
- Lead a procurement transformation and its adoption.
Develop the judgment to run procurement as a strategic function: aligning spend with business strategy, managing categories and supplier relationships, controlling risk, and leading transformation.
Who Should Enroll?
This course is designed for procurement and category managers, senior buyers, sourcing and supplier managers, contract and commercial managers, supply chain leaders moving into procurement, and finance or operations professionals accountable for third party spend.
Skills You Will Build
- Strategic sourcing.
- Category management.
- Supplier relationship management.
- Total cost of ownership analysis.
- Commercial and contract strategy.
- Strategic negotiation.
- Procurement risk and resilience.
- Sustainable procurement.
- Digital procurement and AI.
- Procurement performance governance.
Target Competencies
- Aligning procurement objectives with business strategy.
- Segmenting spend with the Kraljic portfolio matrix.
- Running a structured strategic sourcing process.
- Evaluating suppliers on total cost of ownership.
- Building and governing a savings pipeline.
- Managing supplier performance and partnerships.
- Assessing procurement risk and building resilience.
- Embedding sustainability into sourcing decisions.
- Applying analytics and AI across source to pay.
- Leading a procurement transformation program.
Course Outline: Strategic Procurement Master
Strategic Procurement Leadership
- The Evolution of Procurement and the Modern CPO
- Procurement Value Creation Beyond Cost
- Procurement Maturity Models
- Procurement Operating Models
Aligning Procurement with Business Strategy
- From Purchasing to Strategic Supply Management
- The Strategy Hierarchy and Where Procurement Fits
- Translating Enterprise Priorities into Procurement Objectives
- The Kraljic Portfolio Matrix: Segmenting Spend to Strategy
Strategic Sourcing
- From Purchasing to Strategic Sourcing
- Spend Analysis and Visibility
- Supply Market Analysis and Sourcing Leverage
- Sourcing Strategies and the Kraljic Portfolio
Supplier Selection and Total Cost of Ownership
- Segmenting the Supply Base Before You Select
- Competitive Tendering and Supplier Sourcing
- Multi Criteria Supplier Evaluation
- Total Cost of Ownership
Category Management Excellence
- From Buying to Category Management
- Portfolio Analysis and the Kraljic Matrix
- The Category Management Lifecycle
- Building the Category Strategy and Roadmap
Demand Management and Savings Pipeline
- The Demand Lever: Reducing the Bill Before Negotiating Price
- What Counts as a Saving: The Savings Taxonomy
- The Savings Pipeline: From Idea to Realization
- Closing the Gap: Value Leakage and Realized Savings
Supplier Relationship Management
- From Buying Things to Managing Relationships
- Supplier Segmentation and Prioritization
- Strategic Partnerships and Collaboration
- Measuring Supplier Performance
Supplier Innovation and Joint Value Creation
- From Supply Chains to Value Webs
- The Business Case for Supplier Enabled Innovation
- Building Deep Partnerships for Innovation
- Models and Mechanisms of Joint Value Creation
Procurement Risk and Resilience
- The Procurement Risk Landscape
- Assessing and Prioritizing Risk
- Geopolitical and Supply Concentration Risk
- Financial and ESG Risk
Sustainable Procurement
- The Business Case and Foundations of Sustainable Procurement
- The Environmental Dimension: Decarbonizing the Supply Chain
- The Social and Ethical Dimension: Human Rights and Due Diligence
- Embedding Sustainability into the Procurement Process
Learn at your convenience
*Note: These are self-paced courses, allowing learners to study independently at their own pace.
Course Fees
$199$399
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