Procurement Manager — Strategic Sourcing & Category Management
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What you'll learn:
Building a Foundation - **Description:** This day focuses on establishing a foundational understanding of procurement. You will learn what procurement is, its importance in a business, and the various roles within a procurement department. You'll specifically explore the responsibilities of a Procurement Manager, focusing on strategic sourcing and category management. - **Specific Resources/Activities:** - **Expected Outcomes:** Understand the basic concepts of procurement, the value it brings to an organization, and the core responsibilities of a Procurement Manager. Define the differences between tactical and strategic procurement.
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What you'll learn:
From Need to Payment - **Description:** This day delves into the steps involved in a typical procurement process. You'll learn about needs assessment, sourcing, supplier selection, negotiation, contract management, and payment. Understanding this process is crucial for managing procurement strategically. - **Specific Resources/Activities:** - **Expected Outcomes:** Comprehend the procurement cycle, its key stages, and their interdependencies. Understand how each stage contributes to overall procurement goals.
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What you'll learn:
Finding the Right Suppliers - **Description:** This day focuses on the strategic aspect of procurement – finding and selecting the best suppliers. You'll learn about market research, supplier analysis, and different sourcing strategies. - **Specific Resources/Activities:** - **Expected Outcomes:** Grasp the concept of strategic sourcing, the importance of supplier selection, and some initial methods for evaluating potential suppliers.
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What you'll learn:
Organizing Spending for Efficiency - **Description:** This day introduces category management, a crucial aspect of a Procurement Manager's role. You will learn how to group similar items or services into categories and develop strategies to optimize spend within those categories. - **Specific Resources/Activities:** - **Expected Outcomes:** Understand the concept of category management and its benefits, and gain some basic experience in categorizing goods and services.
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What you'll learn:
Building Strong Partnerships - **Description:** This day focuses on SRM, which involves building and maintaining positive and productive relationships with suppliers. You'll explore the importance of SRM, the benefits it brings, and some basic techniques. - **Specific Resources/Activities:** - **Expected Outcomes:** Understand the importance of building strong supplier relationships and have some ideas on how to manage them effectively.
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What you'll learn:
Getting the Best Deal - **Description:** Negotiation is a crucial skill for any Procurement Manager. This day provides a basic introduction to negotiation techniques. You will learn about preparation, different negotiation styles, and strategies for reaching mutually beneficial agreements. - **Specific Resources/Activities:** - **Expected Outcomes:** Understand the basics of negotiation, identify key negotiation techniques, and be able to practice these skills in a simulated setting.
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What you'll learn:
The Modern Landscape - **Description:** This day covers important aspects of procurement in the modern business environment. You'll learn about ethical considerations, compliance requirements (e.g., anti-bribery policies), and the use of technology in procurement, such as e-procurement systems. - **Specific Resources/Activities:** - **Expected Outcomes:** Understand the importance of ethics and compliance in procurement, the basic role of technology, and have a summary of your learning journey.
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