24 - 28 Mar 2025
Kuala Lumpur (Malaysia)
Hotel : Royale Chulan Kuala Lumpur
Cost : 5250 € Euro
Overview of the importance of procurement in organizational success.
Explanation of the purpose and benefits of the training program.
Introduction to the role of procurement professionals in optimizing processes and reducing costs.
By the end of this training program, participants will be able to:
Understand the fundamental concepts and principles of procurement.
Identify and implement best practices for procurement processes.
Develop effective negotiation skills to achieve optimal outcomes.
Apply risk management strategies to mitigate procurement-related risks.
Contribute to sustainable procurement initiatives within their organizations.
Procurement professionals, purchasing managers, supply chain professionals, and individuals involved in procurement activities within their organizations.
Day 1:
Fundamentals of Procurement:
Introduction to procurement and its strategic importance.
Key procurement terminology and concepts.
Procurement process stages: Planning, sourcing, procurement, and performance evaluation.
Legal and ethical considerations in procurement.
Day 2:
Best Practices in Sourcing and Supplier Selection:
Strategic sourcing vs. tactical sourcing.
Supplier evaluation and selection criteria.
Developing effective supplier relationships.
Supplier performance measurement and management.
Day 3:
Negotiation Skills for Procurement Professionals:
Principles of effective negotiation.
Preparation and strategy development for procurement negotiations.
Techniques for win-win negotiation outcomes.
Handling difficult negotiations and disputes.
Day 4:
Risk Management in Procurement:
Identifying procurement-related risks.
Strategies for risk assessment and mitigation.
Supplier risk management and contingency planning.
Incorporating risk management into procurement processes.
Day 5:
Sustainable Procurement and Future Trends:
Understanding sustainable procurement and its benefits.
Integration of sustainability into procurement decisions.
Trends in procurement technology and automation.
Continuous improvement in procurement practices.