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Procurement Strategy and Policy

Name: Procurement Strategy and Policy
Price: 1461.00 SGD

Training Provider: Singapore University of Social Sciences

Course Reference: TGS-2024049729

S$1,461

About This Course

Analyse procurement data to assess business purchasing needs and requirements.
Develop strategic procurement plans in partnership with business units and divisions.
Construct risk and sustainable procurement assessment framework in consultation with the relevant stakeholders.
Assess the capability of supply base, including potential suppliers, whether it is feasible to meet procurement requirements of the organisation.
Examine the impacts from market trends and legislation changes to determine whether it is necessary to revise procurement strategy and policy.
Propose recommendations to improve competitiveness, effectiveness and efficiency of procurement strategy and policy.
Appraise the competitiveness, effectiveness and efficiency of the current procurement strategy and policy in terms of value for money.
Assemble the list of procurement objectives for each category of goods and services.
Interpret procurement strategy and policy to recognise actions need to be taken.

What You'll Learn

Procurement strategy and policy must be aligned with overall organisational strategy. This course aims to enable students to develop procurement strategy and policy for the organisation in consultation with relevant stakeholders. The 7-Step Framework, developed by consulting firm A T Kearney, will be introduced as the main approach for strategic sourcing. After reviewing category buying to identify improvement opportunities, students will explore how to improve the value-to-price relationships. Since the organised and collaborative approach is essential for the successful implementation of strategic sourcing, this course places emphasis on human resource management and performance management as well as strategic decision making and operational management of procurement. As a part of elaborating Value for Money, topics of Total Cost of Ownership and Value Analysis will be covered as strategic cost management.