Purchases & Stores

Training Course: Procurement KPIs


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PU235451

19 - 23 Jan 2025

Dubai (UAE)

Cost : 4150 € 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

19 - 23 Jan 2025

Dubai (UAE) -

Cost: 4150 € Euro


  About Dubai

Dubai, located on the Persian Gulf, is one of the seven United Arab Emirates and one of the most popular tourist destinations in the world. The discovery of oil in the region has made Dubai extremely wealthy, allowing it to build the glittering skyscrapers that it is now famous for. That wealth is strongly in evidence in Dubai and visitors will see luxurious buildings and supercars aplenty. Perfect beaches and endless shopping opportunities are to key to Dubai's attractions. Flights to Dubai open up the city's cultural attractions to tourists, with beautiful mosques, museums and art galleries scattered throughout this ultra-modern metropolis.


  Things to do and places to visit in Dubai

Dubai's wealth has made it famous for building ever taller buildings and creating artificial islands off its shores. The city's hotels are luxurious and shoppers will love its extensive shopping malls which showcase all the world's top brands. Dubai's attractions don't end there. Dubai also caters to adventure lovers, who can jump in a 4x4 or on a board to speed over dunes outside the city. Local culture mustn't be forgotten either, and visitors have wonderful mosques to visit and old districts to explore. All that combined means that a flight to Dubai is sure to lead to an unforgettable holiday.

When visiting Dubai, be sure to:

  • Go to the observation deck of the Burj Khalifa, the tallest building in the world.
  • Admire the intricately beautiful Grand Mosque, which has the tallest minaret in the city.
  • Understand the local history and culture with a visit to the Dubai Museum.
  • Discover objects from the 6th century at Jumeirah Archaeological Site.
  • Go skiing – That's not a joke, the Mall of the Emirates houses a snowdome.
  • Go shopping at the Mall of the Emirates or the Dubai Mall.
  • Explore the desert surrounding the city – either by 4x4 or atop a camel.
  • Eat fantastic seafood at Dubai Marina.
  • Cool off at the Wild Wadi Waterpark.
  • Marvel at gorgeous Arabic calligraphy at Jumeirah Mosque, the biggest in the city.
  • Take a yacht tour around the artificial islands of Palm Jumeirah.
  • Haggle for souvenirs in one of the city's souks.
  • Wander around the traditional building in Bastakiya District.
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