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Developing a Strategic Purchasing, Procurement and Contracting Plan - Webinar

  • ID: 4760433
  • Webinar
  • May 2019
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn the proper elements required to develop a strategic and tactical planning process.

Every organization needs a strategic plan to make sure it knows where its are going in order to do things better, faster, and cheaper. Strategic planning is all about setting the longterm direction of the company, knowing what the organizations goals, intentions and values are. Purchasing and supply management executives often get so preoccupied with the immediate issues (thinking tactically rather than strategically), that they lose sight of their ultimate objectives.

As procurement teams face the challenges and opportunities resulting from increasing competitiveness, accelerating globalization and the growth of services as a key differentiator in the marketplace, it is essential that organizations reassess their existing strategy and continuously validate its effectiveness based on the current and anticipated future business environments. Today, strategies are more a part of an organizations success than ever before.

Not only has technology given companies the opportunity to truly make purchasing and supply management more efficient and inexpensive, but companies are now spending a larger percentage of their revenue on products and services than they were 30 years ago. Most organizations spend around 2060 of their money on the materials, supplies, capital equipment, technology, and services that are necessary to keep the enterprise running. As a result of these changes, more organizations need to put in place best practices that can guide their purchasing decisions and that can help them make their business a success.

Learning Objectives
  • You will be able to define planning and strategic planning and procurement.
  • You will be able to describe the differences between tactical and strategic procurement process.
  • You will be able to discuss the characteristics of the four phases from tactical to strategic.
  • You will be able to review procurement strategy and its relationship with other company strategies.
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The Definition of Planning and Strategic Planning

The Definition of Strategic Procurement

The Differences Between Tactical and Strategic Procurement

The Various Phases of a Strategic Procurement Process

The Characteristics of the Four Phases From Tactical to Strategic

Strategic Skill Set for Professionals

The Strategic Maturity Model

The Kraljic Matrix for Various Types of Procurement

Procurement Strategy and Its Relationship to Other Company Strategies

Three Skills Critical to Strategic Procurement Planning (Supply Market Research, Spend Analysis and Management, and Make or Buy)

Specific Models/Templates for Strategic Procurement Plans
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LeRoy H. Graw, EdD, CPP, CPPM, C.P.M. CPSM, CPCM, CISCM - International Purchasing and Supply Chain Management Institute
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This webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators, project directors and buyers. .
Note: Product cover images may vary from those shown