| Date | Venue | Duration | |
|---|---|---|---|
| Available on Request | Sandton | 5 Days |
This dynamic and highly interactive training course empowers procurement and supply chain professionals to master both cost management and value creation across the entire procurement cycle. Moving far beyond traditional competitive bidding, the programme provides an in-depth exploration of Total Cost of Ownership (TCO), value engineering, and strategic cost management—enabling organisations to enhance competitiveness, sustain profitability, and unlock innovation at a global level.
Participants will discover how modern procurement leaders drive value not just by reducing acquisition costs, but by optimising lifecycle costs, improving brand equity, accelerating time-to-market, and safeguarding corporate reputation. Through case studies, real-world simulations, and practical toolkits, attendees will learn to design and implement robust strategies for cost control, supplier collaboration, and continuous value delivery. By the end of this course, you will be equipped with the advanced skills and frameworks needed to transform procurement from a transactional function into a strategic value driver for your organisation.
By attending this Strategic Cost & Value Management in Procurement course, participants will be able to:
Identify key cost drivers and implement strategic cost control measures
Analyse supplier pricing and cost breakdowns to uncover opportunities for savings
Evaluate Total Cost of Ownership (TCO) and life cycle cost impacts on procurement decisions
Develop strategic approaches to cost management that align with corporate objectives
Leverage best-in-class procurement tools, benchmarks, and analytics to drive value
Enhance stakeholder engagement and build compelling business cases for procurement transformation
Line Managers
Cost Engineers
Project Managers
Department Heads
Senior Procurement Leaders
Experienced Procurement Professionals
Tendering & Contracts Specialists
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Module 1: The Strategic Value of Procurement
Understanding Procurement’s Value Proposition
Linking Corporate & Procurement Strategies
Benchmarking World-Class Procurement Performance
Procurement KPIs: What and How to Measure
Module 2: Procurement Frameworks & Systems
Procurement Organisational Structures: Models & Best Practices
Requisition-to-Pay and Contract Management Systems
Navigating Private vs. Public Procurement Policies
Module 3: Category Management & Market Approaches
E2E Category Management Tools & Techniques
Supply Market Analysis and Market Approaches
Developing Best-Fit Contracting Strategies
Contract Award and Performance Management
Module 4: Cost Management & Financial Acumen
Cost Management and Value Creation in Practice
Understanding Financial Statements for Procurement
Present Net Value Analysis and Interpretation
Supply Chain Cost Modelling
TCO and Total Lifecycle Cost Analysis
Module 5: Strategic Analysis & Value Creation
Applying Porter’s Five Forces to Procurement
Realizing Value in Post-Contract Award Management
Advanced Decision-Making Tools: Decision Trees & Root Cause Analysis
Module 6: Selling Procurement Strategy to Stakeholders
Creating Vision and Mission Statements for Procurement Transformation
Quantifying Benefits and Cost of Implementation
Designing Processes and Systems for Strategic Procurement
Milestones, Resource Estimation, and Project Planning
Stakeholder Identification, Engagement, and Management
Risk Mitigation and Communication Planning
Module 7: Category Strategy Deep Dive
Defining Deliverables for Category Strategies
Category Spend Analysis and Supply Market Profiling
Understanding Stakeholder Positions and Expectations
Discover how our courses enhance professionals’ effectiveness in their workplaces.
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