Procurement Fundamentals Training | 26 + 27 November

2 x half days | 9.30 - 1pm

26 + 27 November

By the end of this dynamic workshop, you'll confidently understand the fundamentals of procurement and it’s its strategic business impact, navigate the complete procurement process from need identification to contract management, evaluate and manage suppliers using professional best practices and understand contract basics and key legal considerations.

Key inclusions for this training

Procurement fundamentals – understanding procurement and it’s importance, types of procurement and key principles, tactical purchasing versus strategic procurement.

Governance in procurement – the role of strategy, policy, steering committees. Ethics and key principles of procurement.

The role of value in procurement - the procurement value chain and business impact.

The procurement process – the full cycle of procurement, writing effective specifications using SMART-ER framework, supplier evaluation methods and criteria, risk assessment and mitigation strategies.

Supplier management - performance monitoring and KPIs, strategic partnerships vs. transactional relationships, managing underperforming suppliers.

Contracts and legal essentials - key contract terms and clauses, risk management through contracts, negotiation basics and best practices.

Technology and the future of procurement – AI, automation, social and sustainability considerations.

Who should attend the Procurement Fundamentals Training?

This entry-level training is aimed at those new to procurement or want to build a career in this exciting profession. It is also suitable for those with a role working with procurement regularly and want to understand more.