Advanced Procurement Management

This course is designed for professionals who have a solid foundation in procurement and supply chain management and are looking to enhance their knowledge and skills in strategic procurement. The course will cover advanced topics in procurement management, including strategic sourcing, supplier relationship management, contract management, and risk management. Students will learn how to develop and implement a procurement strategy that aligns with the organization’s goals and objectives. They will also learn how to evaluate and mitigate risks associated with procurement activities.

Course Outline:

1. Introduction to Strategic Procurement

• Definition of Strategic Procurement
• Benefits of Strategic Procurement
• Key Concepts in Strategic Procurement
• Procurement Strategy Development

1. Strategic Sourcing

• Strategic Sourcing Process
• Make vs. Buy Analysis
• Supplier Selection Criteria
• Negotiation Techniques

1. Supplier Relationship Management

• Supplier Performance Metrics
• Supplier Segmentation
• Collaborative Supplier Relationships
• Supplier Development Programs

1. Contract Management

• Contract Types and Structures
• Contract Terms and Conditions
• Contract Administration
• Contract Renewal and Termination

1. Risk Management in Procurement

• Types of Procurement Risks
• Risk Assessment and Mitigation
• Contractual Risk Transfer
• Supplier Risk Management

1. Advanced Topics in Procurement

• Procurement Technology and Automation
• Sustainable Procurement
• Public Procurement
• Global Procurement Management

Prerequisites:

• A solid foundation in procurement and supply chain management concepts
• Familiarity with procurement processes and procedures
• Basic knowledge of contract management and negotiation

Recommended Textbook:

• “Procurement Management: A Strategic Approach” by Caroline Booth.

Assessment:

• Midterm Exam (30%)
• Final Exam (40%)
• Group Project (30%)

Note: The course syllabus and assessment methods are subject to change based on instructor’s discretion.