Procurement Best Practices

The Procurement Best Practices training course, hosted by the Oxford Management Centre, is an interactive 5-day program designed to enhance the strategic function of procurement within organizations. This course recognizes the evolution of procurement from a traditional administrative role to a pivotal strategic business unit that must consistently deliver value. Participants will delve into the modern approaches of procurement, learning essential best practices applicable at multiple levels to improve the overall procurement function. The course covers a range of topics, including the system approach versus traditional functional approaches to procurement, strategic planning, tactical decision-making, and operational procurement decisions. Attendees will engage with instructional methods such as lectures from experienced practitioners and consultants, exercises, and group discussions. These sessions will provide insights into current practices and their impact on the implementation of new concepts. The course is tailored for various professionals, including contracts, purchasing, and procurement personnel, as well as project and operational staff involved in purchasing and contract execution. Participants will develop enhanced skill sets, the ability to lead and manage procurement processes, and a deeper understanding of key performance indicators. Upon successful completion of the course, delegates will receive an Oxford Management Centre Certificate and eligible Continuing Professional Education credits. The training will also emphasize reducing non-value-adding activities, improving relationships between personnel, customers, and suppliers, and ultimately driving down total costs related to procurement.