Strategic Cost and Value Management in Procurement Training Course

Have you ever questioned how top-tier businesses continuously remain on the cutting edge of cost control and procurement process optimization? Imagine being able to turn procurement into a force for value creation within your organization by discovering the keys to strategic cost management. The purpose of this training course on strategic cost and value management in procurement is to transform you into a procurement strategist who can increase overall value while promoting cost efficiency. Are you prepared to change the way you work and leave a lasting impression?

Strategic Cost and Value Management in Procurement Training

Duration: 5 Days

Level: Foundation To Intermediate

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Venue Location Duration Language
Nairobi, Kenya 5 Days English Dates & Prices
Mombasa, Kenya 5 Days English Dates & Prices
Kisumu, Kenya 5 Days English Dates & Prices
Naivasha, Kenya 5 Days English Dates & Prices
Nakuru, Kenya 5 Days English Dates & Prices
Kigali, Rwanda 5 Days English Dates & Prices
Code Start Date End Date Fee
SCV-03 Filling Fast Aug 19, 2024 Aug 23, 2024 USD. 680 Register Individual Register Group
SCV-03 Filling Fast Sep 16, 2024 Sep 20, 2024 USD. 680 Register Individual Register Group
SCV-03 Oct 07, 2024 Oct 11, 2024 USD. 680 Register Individual Register Group
SCV-03 Nov 11, 2024 Nov 15, 2024 USD. 680 Register Individual Register Group
SCV-03 Dec 09, 2024 Dec 13, 2024 USD. 680 Register Individual Register Group

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Learn emerging skills quickly with custom curriculum designed as per your needs.

Why top organizations prefer Trainingcred

  • High engagement and outcome-centric learning
  • Customized curriculum built with industry leaders, for industry leaders
  • Hands-on exercises and industry use cases
  • Strong reporting to track learning and calculate training ROI for managers
  • Day 1 production ready on the completion of the training

Programs delivered as per your training needs

On Premises
Virtual Instructor-Led
Self-Paced
Blended

About the Training Course

This intensive course delves into the strategic aspects of cost and value management within the procurement function of organizations. It combines the latest tools, techniques, and strategic approaches to equip participants with the skills needed to enhance procurement effectiveness, optimize costs, and deliver exceptional value to their organizations.

This course is designed for supply chain professionals, financial analysts, and procurement managers who wish to advance their knowledge of value creation and strategic cost management in the procurement domain. It covers the principles of value management, cost analysis, negotiation strategies, and supplier relationship management. Participants will learn how to encourage cost-effectiveness in procurement operations while optimizing value.

We will embark on a journey of discovery into the intricate realm of strategic cost management, uncovering the trade secrets of risk mitigation, total cost of ownership, and fruitful supplier negotiations. You will learn how to look at spending patterns, identify areas where you can cut costs, and make decisions that will increase the profitability of your company.


Target Audience

This course is ideal for:

  • Procurement and supply chain managers
  • Financial analysts and cost controllers
  • Contract managers and strategic buyers
  • Business leaders involved in procurement decision-making
  • Anyone interested in strategic procurement and cost management

Course Objectives

By the end of this course, participants will be able to:

  • Understand the principles of strategic cost management in procurement
  • Learn techniques for effective cost analysis and reduction
  • Develop strategies for value management in procurement
  • Master negotiation skills for better supplier agreements
  • Gain insights into sustainable and value-driven supplier relationships

Organizational and Professional Benefits

Organizations will gain through:

  • Improved cost efficiency in procurement processes
  • Enhanced value creation and strategic impact of procurement
  • Stronger supplier relationships based on mutual value and understanding
  • Better risk management and sustainable procurement practices
  • Increased competitive advantage through strategic procurement decisions

Participants will acquire:

  • In-depth knowledge of cost management strategies in procurement
  • Advanced skills in negotiating and managing supplier contracts
  • Ability to identify and leverage opportunities for value creation
  • Enhanced decision-making capabilities in procurement
  • Confidence in driving strategic change in procurement functions

Training Methodology

This training course is delivered through a mix of theoretical instruction, real-life case studies, practical exercises, and group discussions, all facilitated by experienced professionals with extensive backgrounds in procurement and strategic management. Participants will engage in interactive learning sessions designed to provide both foundational knowledge and practical skills.

Upcoming Sessions in International Locations

Virtual - Global

USD. 680

19th Aug-23rd Aug 2024

Kisumu - Kenya

USD. 1100

19th Aug-23rd Aug 2024

Nakuru - Kenya

USD. 1100

26th Aug-30th Aug 2024

Naivasha - Kenya

USD. 1100

26th Aug-30th Aug 2024

Kigali - Rwanda

USD. 1800

26th Aug-30th Aug 2024

Mombasa - Kenya

USD. 1100

26th Aug-30th Aug 2024

Nairobi - Kenya

USD. 1100

26th Aug-30th Aug 2024


Certification: Your Badge of Honor!

Upon successful completion of our Strategic Cost and Value Management in Procurement Training Course, you won't just walk away with newfound knowledge – you'll also snag a Trainingcred Certificate! This isn't just any piece of paper; it's your golden ticket, showcasing your expertise and dedication in Procurement, Logistics and Supply Chain Management.


Tailor-Made Course: Like a Suit, But for Your Brain!

Imagine Strategic Cost and Value Management in Procurement Training Course that fits your team's needs as perfectly as a tailor-made suit! That's what we offer with our bespoke training solution. We don't believe in one-size-fits-all; instead, we're all about crafting a learning experience that's as unique as your organization.

How do we do it? By diving deep with a Training Needs Assessment, we uncover the hidden gems – the skills your team already rocks at, the knowledge gaps we need to bridge, and the ambitions soaring in their minds. It's not just training; it's a transformation journey, meticulously designed just for you and your team. Let's make learning personal.

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