COURSE OVERVIEW

 

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. 

 

This course is designed to provide participants with a complete and up-to-date overview of Procurement Category & Commodity Management. It covers the importance of procurement and the key procurement roles and responsibilities; the category, commodity and supplier management and the benefits of category management; the different commodities and commodity lifecycle management and the impact of global market trends on commodities; the procurement strategy basics and performance measurement metrics; and the principles of ethical procurement, compliance, regulatory requirements and supplier code of conduct. 

 

Further, the course will also discuss the procurement technologies covering ERP and procurement software, digital transformation, data analytics for category management and emerging technologies; the category segmentation, category strategy development and market analysis for category management; the types of procurement contracts and key contract clauses; and the pitfalls and legal and regulatory compliance. 

During this interactive course, participants will learn the supplier performance management, operational procurement process and global sourcing; the sustainable and ethical procurement, innovation in procurement practices and continuers improvement methodologies; the collaborative procurement strategies, procurement analytics and predictive analytics for market trends; the digital procurement transformation and procurement project planning; and the emerging trends in procurement.