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Strategic Sourcing and Category Management

1 Day Training

Dates: 23 April 2024
Locations: Johannesburg, South Africa
Platform: Available In-Class / Online

Price: Available on request

This course is non-accredited

Course Introduction

As procurement continues to evolve toward a strategic enterprise function, procurement members are routinely evaluated on their team’s strategic contributions to the overall business.

Organisations are increasingly turning to category management as an effective lever to drive greater strategic value and growth for the business. A structured category management approach can not only help you generate higher savings, but also improve supplier performance, mitigate supply risks, and drive innovation and continuous improvement.

Course Objectives

By the end of the Strategic Sourcing and Category Management training, delegates will be able to:

  • Awaken to the role of procurement and how it can best contribute strategically to the business.

  • Examine critical areas of procurement capability for development and change.

  • Understand and develop effective procurement metrics.

  • Familiarize them with the procurement benchmarking model.

  • Gain insights to heighten strategic procurement excellence.

Who should attend?

TBC

Training methodology

Training Methodology

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.

Training Outline

Introduction:

  • Discussion on the evolution of procurement as a strategic enterprise function.

  • Overview of how procurement teams are driving business strategy.

  • The importance of category management in today’s business context.

Session 1: The Strategic Role of Procurement

  • Interactive session on understanding the strategic role of procurement.

  • Group activities to identify how procurement can contribute to overall business strategies.

Session 2: Developing Procurement Capabilities

  • Examination of critical procurement capabilities for development.

  • Case studies focusing on successful procurement transformations.

Session 3: Metrics and Measurement in Procurement

  • Workshop on developing and understanding effective procurement metrics.

  • Practical exercise on creating a metrics dashboard.

Session 4: Procurement Benchmarking

  • Detailed review of the procurement benchmarking model.

  • Role-play exercises to apply benchmarking in different scenarios.

Session 5: Achieving Strategic Procurement Excellence

  • Final insights into enhancing strategic procurement.

  • Group discussion and reflection on key takeaways.

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