Procurement Management Essentials

PMI Verified  Authorized Training Partner
2 days

8,500+ Professional Careers Supported

Training Overview

This two-day Procurement Management course provides you with the necessary knowledge and skills to contribute to your organization as a procurement professional. You will be shown how procurement affects the bottom line of any company and the essential skills you need to master to contribute to the company.

We will demonstrate the procurement mindset and allow you to bring structure and logic to your current procurement processes, and focus on how to propose and manage opportunities.

Virtual
Project Management Courses

Next Available Date:

There are currently no public dates available. However, this course is still available for private or group training. Contact us for more information.

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Learning Objectives

  • Define procurement and explain how procurement contributes to the business
  • Utilise industry standard procurement frameworks, tools and vocabulary
  • Distinguish between direct and indirect procurement
  • Analyse stakeholder needs versus wants
  • Develop a supplier selection instrument
  • Screen and select suppliers using request (Rfx) protocols
  • Create a supplier scorecard and manage contract performance
  • Develop and leverage a Spend Profile Matrix using expenditure data
  • Perform spend analysis to identify opportunities and risks
  • Research and monitor spend category profiles and implementation plans
  • Analyse the supply environment
  • Propose and prioritise procurement opportunities
  • Plan change initiatives and influence without authority

Skill Level

Designed for newcomers to project management and senior technical staff looking to advance their careers with project management. This course demystifies project management and offers practical exercises, empowering students to confidently handle basic projects independently.

Delivery

Choose between a 2-Day classrom or Online course

Inside a Procurement Management Essentials Course: What's Included?

Relevant Course Materials

Access to materials for the Introduction to Project Management course.

Practice Questions

Access to our practice questions designed to enhance your understanding of Introduction to Project Management.

Access to Educate 360 LMS

Access our learning management system for supplementary documentations recordings.

Course Agenda

Enhance your procurement management skills with this concise, hands-on course. Discover methods to analyze current spending, apply Excel tools for immediate business impact, understand stakeholder needs, draft specifications, and select suppliers effectively. Gain expertise in spend analysis and category planning.

Procurement Management Overview

    • Define procurement and how it contributes to the business
    • Procurement language
    • Distinguish between direct and indirect procurement

Spend profiling

    • Spend profile matrix (MS Excel®)

Supplier selection

    • Analyze stakeholders’ needs versus wants
    • Develop supplier selection instrument
    • Screen and select suppliers using Rfx

Risk profiling

    • Risk profile matrix (MS Excel®)

Supplier Performance

    • Develop Key Performance Indicators (KPIs) & Service Level Agreements (SLAs)
    • Create a supplier scorecard
    • Principles of contract management

Spend management.

    • Category profiling & opportunity analysis (MS Excel®)

Market Analysis 

    • Analyzing supply environment
    • Supply mapping
    • Buyer attractiveness
    • Supplier satisfaction

Change management.

    • Planning for change
    • Influencing without authority

Eligibility Requirements

Every company, regardless of size or sector, buys products and services from the market. Some companies will use dedicated procurement resources to carry out procurement, while others will use non-specialists. This course is ideal for both experienced and novice buyers and category specialists who want to maximize their performance.

No pre-requisite knowledge is assumed.

Why Study with Velopi?

Since our foundation in 2007, Velopi has carved a niche in the project management training space that is based firmly on close relationships with both companies and individuals. As our clients’ needs have evolved, so have our project management training courses. Today, we offer a comprehensive range of project management courses that are designed to meet the needs of any organisation or individual.

10k Careers Supported - 95% Exam Pass Rate
“Velopi helped us achieve our first objective – gaining a high-level overview and common understanding of project management across the Team. We found the learning particularly useful in examining the versatility of our product and methodologies to meet our customer needs.”

Aisling Creedon
Team Lead, Enterprise Customer Success, Teamwork

“The biggest impact that the Velopi course had on me was learning how the science and framework of project management can help in managing people as well as through interpersonal and direct communication- the penny really dropped about this for me during the course.”

Ann Heffernan
Tyndall

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FAQs

Everything you need to know about the course. If you can’t find the answer you’re looking for, chat with our team.

Every company, regardless of size or sector, buys products and services from the market.

Some companies will use dedicated procurement resources to carry out procurement, while others will use non-specialists.

This course is ideal for both experienced and novice buyers and category specialists who want to maximize their performance.

 

Students attending this course will receive a certificate of completion from Velopi/Educate 360.

No pre-requisite knowledge is assumed.

Computer literacy is required, as Microsoft Excel is referred to throughout the course.

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