Global Purchasing and Supply Strategy: Best Practices for Competitive Advantage
Introduction
In today’s competitive environment, organisations must adopt innovative strategies in purchasing and supply management to reduce costs, maximise value for money, and secure sustainable competitive advantage. This course equips delegates with the tools and techniques needed to move from tactical procurement to a truly strategic supply management function.
The programme provides deep insights into cost and price analysis, supplier pricing models, global sourcing, and Total Cost of Ownership (TCO). Delegates will learn how leading organisations achieve world-class performance by implementing value-driven strategies, optimising supplier relationships, and controlling costs across the supply chain.
This course will feature:
* Crafting strategies for world-class procurement and supply management.
* Methods to maximise value while reducing overall supply chain costs.
* International sourcing options and managing global supply risks.
* Understanding and applying supplier pricing models.
* Implementing Total Cost of Ownership (TCO) for long-term profitability.
Objectives
By the end of this course, participants will be able to:
* Analyse cost components within supplier pricing models.
* Evaluate international labour rates and currency impacts on sourcing decisions.
* Apply cost and price analysis techniques to ensure value for money.
* Develop strategies for supplier value analysis and cost control.
* Implement Total Cost of Ownership (TCO) across the supply chain.
Course Content
Day One – Setting the Strategic Direction
* Defining the supply management mission and vision
* Stages to world-class supply management
* Moving from tactical to strategic procurement
* Key skill sets for strategic supply managers
* Developing spend analysis
* ABC (Pareto) analysis for prioritization
Day Two – Knowing You Got a Good Price
* Supplier pricing models
* Cost vs. price analysis
* Methods of price analysis
* Using Producer Price Indexes
* Developing the organization’s purchase price index
* Estimating cost in supplier relationships
Day Three – Cost Analysis for Better Pricing
* Cost analysis methodologies
* Identifying major cost elements
* Understanding supplier overheads
* Sources of reliable cost information
* Analysing supplier cost breakdowns
Day Four – Leveraging Global Perspectives
* Comparing international labour rates
* Working with currency exchange fluctuations
* Cost-volume-profit analysis
* Understanding fixed vs. variable costs
* Applying value analysis for better supplier outcomes
Day Five – Total Cost of Ownership (TCO)
* Redefining supply management through TCO
* Overcoming barriers to TCO implementation
* Practical approaches to applying TCO
* Modelling total cost across the supply chain
* Steps to implement TCO for long-term success
Who Should Attend?
This course is designed for:
* Procurement and Purchasing Managers
* Supply Chain and Logistics Professionals
* Contract and Vendor Managers
* Strategic Sourcing Specialists
* Finance and Operations Professionals involved in supplier negotiations
* Anyone seeking to upgrade procurement from tactical to strategic
Training Methodology
The course uses a highly interactive approach, combining case studies, group discussions, real-world examples, and practical exercises. Participants will engage in cost/price analysis, supplier evaluation scenarios, and TCO modelling to ensure concepts are directly applicable to their workplace challenges.
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
