Purchases & Stores

Training Course: Procurement KPIs


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PU235451

9 - 13 Jun 2025

Madrid (Spain)

Hotel : Pestana CR7 Gran Vía

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

Madrid (Spain) - Pestana CR7 Gran Vía

Hotel : Pestana CR7 Gran Vía

Cost: 5250 € Euro


  About Madrid

Madrid is a city that combines its enduring history with its cosmopolitan atmosphere to create a destination that favored amongst tourists from around the world. This is a city that is very much bursting at the seams with life and its vibrant atmosphere, cultural attractions and connection with history ensure travelers have everything they could possibly want from a European city break. At the end of a flight to Madrid, there are sites to see, picturesque streets to roam and, of course, excellent shopping opportunities to explore. Visitors can immerse themselves in Madrid's fantastic local culture, its peerless art scene and world acclaimed fine dining. In fact, there is very little that Madrid doesn't have to offer.


  Things to do and places to visit in Madrid

The only problem travelers will encounter during their visit to Madrid is knowing what to do first. Sampling the mouth-watering tapas, strolling through one of the many excellent museums or even simply soaking up the atmosphere are all excellent options. Spend a sunny day wandering through the splendid squares or marvel at the intricate architecture of the churches.With so many options, flights to Madrid are great for people of any age or inclination.

When visiting Madrid, be sure to:

  • See the superb collection of art is the Museo del Prado.
  • Stroll down the Gran Via.
  • Enjoy the atmosphere of the Plaza Mayor.
  • Wander through the stunning gardens of the Parque del Buen Retiro.
  • See the beautiful mansion of the Museo Lazaro Galdiano.
  • Find quirky fashions in the Fuencarral market.
  • Try some of the many different tapas dishes.
  • Visit the statues of Don Quixote and Sancho Panza in the Plaza de Espana.
  • See the breathtaking Basilica de San Francisco El Grande.
  • Wander the Casa de Campo park, which is five times the size of Central Park.
  • Shop in the luxury boutiques of the Golden Mile.
  • Look for bargains at the El Rasto flea market.
  • See Picasso's Guernica in the Reina Sofia museum.
  • Snack on churros with chocolate.
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