Purchases & Stores

Training Course: Procurement KPIs


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PU235451

9 - 13 Jun 2025

London (UK)

Hotel : Landmark Office Space - Oxford Street

Cost : 5250 € Euro

Introduction

Effective procurement Key Performance Indicators (KPIs) are crucial for measuring and improving the performance of procurement activities within organizations. This training program focuses on identifying and implementing relevant KPIs to enhance procurement efficiency, reduce costs, mitigate risks, and optimize supplier relationships. Participants will explore various metrics and methodologies for measuring procurement performance, ensuring alignment with organizational goals and strategies.

Target Audience

  • Procurement managers

  • Supply chain managers

  • Purchasing officers

  • Contract managers

  • Anyone involved in procurement decision-making and strategy

Objectives

  • Understand the importance of KPIs in procurement management

  • Identify key procurement performance indicators and their significance

  • Learn methods to measure and interpret procurement KPIs effectively

  • Develop strategies to improve procurement processes based on KPI insights

  • Enhance decision-making and strategic planning through KPI-driven insights

Outlines 

Day 1:

Introduction to Procurement KPIs

  • Overview of procurement management and its strategic importance

  • Introduction to Key Performance Indicators (KPIs) and their role in procurement

  • Types of KPIs used in procurement (cost, quality, delivery, etc.)

  • Case studies and examples of successful KPI implementations in procurement

Day 2:

Defining and Setting Procurement KPIs

  • Defining organizational objectives and aligning KPIs with strategic goals

  • Methodologies for setting SMART (Specific, Measurable, Achievable, Relevant, Time-bound) KPIs

  • Tools and frameworks for selecting relevant procurement KPIs

  • Establishing baseline measurements and benchmarks for KPI tracking

Day 3:

Measuring and Analyzing Procurement Performance

  • Techniques for collecting and analyzing procurement data

  • Interpreting KPI results and identifying performance trends

  • Reporting formats and dashboards for presenting KPI insights

  • Continuous improvement strategies based on KPI analysis

Day 4:

Implementing  KPIs in Procurement Practices

  • Integrating KPIs into procurement processes and workflows

  • Stakeholder engagement and communication strategies for KPI implementation

  • Challenges and solutions in implementing KPIs effectively

  • Monitoring and evaluating the effectiveness of KPI-driven strategies

Day 5:

Enhancing Procurement Strategy with KPIs

  • Leveraging KPI insights to optimize supplier relationships and negotiations

  • Using KPIs to drive innovation and sustainability in procurement

  • Case studies and best practices in using KPIs to achieve procurement excellence

  • Review, feedback, and action planning for applying KPI knowledge in participants' organizations

Purchases & Stores

Training Course: Procurement KPIs


Register Now
Quick Inquiry
Discount Group Download Brochure (36)

PU235451

9 - 13 Jun 2025

London (UK) - Landmark Office Space - Oxford Street

Hotel : Landmark Office Space - Oxford Street

Cost: 5250 € Euro


  About London

The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.


  Things to do and places to visit in London

With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.

Some unmissable London attractions include:

  • Seeing priceless masterpieces in the Tate Britain or the National Gallery.
  • Watching the changing of the guard at Buckingham Palace.
  • Visiting Trafalgar Square's famous monument.
  • Marveling at the Crown Jewels in the Tower of London.
  • Getting a bird's eye view of the city from the London Eye.
  • Tasting one of Brick Lane's famous curries.
  • Browsing the exclusive shops of Knightsbridge.
  • Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
  • Admiring design from around the world in the Victoria and Albert Museum.
  • Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
  • Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
  • Eating Britain's most famous dish, fish and chips.
  • Watching the street performers in Covent Garden.
  • Enjoying the views at a South Bank cafe.
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