Code Date City Venue Fees
MM026e 10 - 14 Dec 2018 London - UK Grosvenor House, A JW Marriott Hotel $5,800 Register
MM026e 22 - 26 Jul 2019 London - UK TBA $5,950 Register
MM026e 09 - 13 Dec 2019 London - UK TBA $5,950 Register
TBA* = To be Announced   |  All fees are exclusive of VAT
Home » Seminars » Purchasing, Logistics & Supply Chain Management » ILM® Endorsed Procurement Management Professional

Introduction

This Procurement Management Professional is an intensive 5-day GLOMACS training course designed to meet global changes in transformational leadership, finance and procurement strategies. In today’s world middle and senior managers are faced with increasingly complex “value chain management”. A strategic approach to procurement can give organisations a competitive advantage by maximizing benefits received in return for spend, therefore professionals need to understand the various elements driving change strategies, ensure cost efficiencies and achieve competitive procurement in a global environment. This Procurement Management Professional concentrates on the core leadership strategies, financial implications and sourcing activities.

This GLOMACS training seminar will feature:

  • Understanding of strategic leadership in the economic context for your business
  • Developing innovation approaches for strategy development
  • Enhancing costs awareness within the value chain and understanding the impact on the bottom line
  • Defining and apply sourcing strategies in line with your organizational goals and objectives
  • Building collaboration and long term supplier relationships

Objectives

By the end of this GLOMACS training seminar, participants will be able to:

  • To understand the benefits of strategies that create and lead change
  • To apply tools and techniques that develop strategic thinking and innovation
  • Implement Analysis and Problem Solving
  • Understand Total Cost of Ownership
  • Develop robust service level agreements
  • Maximising supplier contribution and performance

Training Methodology

Participants will learn by active engagement during the training seminar through the use of seminar materials, exercises, videos and group discussions on “real life” issues. Procurement management knowledge, skills, tools and techniques are taught through case studies, experiential exercises and practical examples that can be used immediately to improve your procurement results.

Who Should Attend?

Professionals interested in furthering their leadership and procurement management skills would benefit from this GLOMACS training seminar. It will also be beneficial to:

  • Managers and Leaders involved in major global sourcing activities
  • Finance Professionals involved with major capital expenditure projects
  • Senior Procurement Professionals
  • Project Managers
  • Contract and Procurement Managers
  • Senior Buyers
  • Commodity Procurement Specialists

Seminar Outline

DAY 1

Procurement Leadership

  • Perceptions of Leadership in the Field of Procurement
  • Management vs. Leadership
  • Transformational Leadership in Procurement
  • The Leadership Challenge: Balancing Strategy and Culture
  • Leadership in Strategic Thinking Organisations
  • Understanding the Interrelated Factors that Impact Procurement

DAY 2

Aligning Procurement to Organisational Strategy

  • Participating in the Strategic Implementation Planning Process
  • Recognizing and Interpreting forces in the Strategic Environment
  • Strategic implementation Tools and Frameworks
  • Analysing and Prioritizing Strategic Sourcing Issues
  • Harnessing Uncertainty and Risk
  • Converting Strategy into Action

DAY 3

Cost Awareness and Financial Impact Along the Value Chain

  • From Strategic Planning to the Operating plan
  • Budgeting and Costing along the Value Chain
  • Fixed vs. Variable Costs
  • Contribution Margin
  • Direct vs. Indirect Costs
  • Performance Measurement and Impact on the Bottom Line

DAY 4

Global Sourcing and Critical Procurement Strategies

  • Defining Procurement Excellence
  • Definition of Sourcing Strategy and Critical Supply Strategies
  • Tactical vs. Strategic Sourcing
  • Developing The Strategic Procurement Plan
  • Using International Supply Chains for Competitive Advantage
  • Developing a Framework for Managing Contract Risk

DAY 5

Developing and Maintaining Long-term Supplier Relationships

  • Implications on Supplier Selection Procedures
  • Turning Vendors into Partners
  • Relationship Management – suppliers and stakeholders
  • Performance Improvement Metrics
  • The Service Level Agreement Framework
  • Applying The Right Incentives for The Right Outcome

 

Assessment

This training course is endorsed by the ILM. Opting to receive an ILM-endorsed certificate requires you to accomplish an on-the-job assessment component applying the knowledge gained on the training course to your area of responsibility. You need to consider the modules and topics covered in this GLOMACS training course when developing your assessment.

  • Using the full details contained in the Procurement and Fit Out exercise and using the material based on the Building Blocks, you will be required to construct your own Business Model Canvas and explain how you would identify and explain a bad business strategy
  • Describe and explain your procurement strategy; your planning and scheduling strategy; your vendor selection strategy for the categories of products; your contracting and risk strategy to avoid the Liquidated Damages
  • Explain how you can save money without detriment to the deadline objectives stated in the exercise; calculate the full amount of money to be made available and describe your evaluation of the ROI and future cash flows

Accreditation

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REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

In Association With

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients

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PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Home » Seminars » Purchasing, Logistics & Supply Chain Management » ILM® Endorsed Procurement Management Professional

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

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