Strategic Purchasing & Supply Management

Upcoming Sessions

Online sessions

Course Introduction

This COPEX training course guides participants through the development and implementation of strategic approaches for acquiring goods, parts, equipment, and services. It emphasizes the need to reduce operating costs while improving quality and productivity through careful planning and supplier management. As supply chain management grows in importance, purchasing has shifted from a routine administrative task into a strategic business function that contributes directly to organizational success.

Today’s competitive environment requires companies to reassess how they manage suppliers and their supply base. Purchasing is increasingly seen as a strategic lever, focused on creating collaborative relationships that strengthen business performance. The benefits gained from supplier partnerships depend on how those relationships are managed, and organizations must establish the right conditions for buyers and suppliers to contribute, innovate, and grow together. A range of supply management practices supports this process, helping firms achieve better results through strategic purchasing.

  • Learn how strategic purchasing impacts overall business performance
  • Understand the transition from traditional buying to supply chain leadership
  • Build collaborative supplier relationships for long-term value
  • Improve cost control while enhancing quality and productivity
  • Apply supply management practices that support competitive advantage

Objectives

This COPEX training course enables delegates to build a strong strategic purchasing capability and align procurement activities with broader organizational goals.

  • Set clear and actionable procurement strategies to drive efficiency and performance
  • Develop a distinctive capability in strategic purchasing that supports business objectives
  • Understand the key liaison role of purchasing between external suppliers and internal customers
  • Improve profitability through effective total cost control and spend management
  • Examine how inter-organizational relationships can create sustainable competitive advantage
  • Learn to manage supplier relationships in a way that enhances value, collaboration, and long-term success

Training Methodology

This COPEX training course uses a practical and interactive approach that combines theory with real-world application. Participants will engage in structured learning, case studies, and hands-on exercises that reflect the challenges faced in modern procurement and supply management. The methodology focuses on building strategic thinking skills, improving decision-making, and applying best practices to real business scenarios.

Delegates will also benefit from group discussions, practical examples, and tools that help them apply concepts such as spend analysis, cost and price analysis, value analysis, and total cost of ownership. The training ensures participants can develop strategic procurement plans, evaluate supplier performance, and drive cost savings while maintaining quality standards. This approach helps attendees become more effective in managing suppliers and building collaborative relationships that contribute to competitive advantage.

Who Should Attend?

This COPEX training course is designed for professionals involved in purchasing, procurement, and supply management, especially those who play a role in managing contracts, suppliers, and acquisition activities. It is ideal for individuals who want to strengthen their strategic thinking and enhance their ability to drive cost efficiency and quality improvements.

  • Purchasing and Procurement staff
  • Contracts and Contract Administration personnel
  • Project team members involved in procurement activities
  • Professionals managing supplier relationships and supply base performance
  • Individuals responsible for planning, evaluation, and management of purchasing and contracts
  • Anyone working in organizations seeking high levels of excellence in procurement and supply management

Course Outline

Day 1: Setting the Strategic Direction

  • Defining the supply management mission and vision
  • Stages to world class Supply Management
  • Becoming more strategic in procurement
  • Supply Management skill sets
  • Developing the Spend analysis
  • The ABC (Pareto) analysis

Day 2: How do you know that you got a Good Price?

  • Supplier Pricing models
  • Defining Cost and Price analysis
  • Methods of Price analysis
  • Working with Producer Price Indexes
  • Developing the Organization’s purchase price index
  • Estimating Cost in relationships

Day 3: Getting a Better Price by Analysing Cost

  • Methods of Cost analysis
  • Major elements of Cost
  • What and how important are Supplier overheads
  • Sources of cost information
  • Analysing Supplier cost breakdowns

Day 4: Using Price, Volume, International Labour and Value Analysis

  • Global Industrial Labour Rates
  • Working with Currency Exchange Rates
  • Cost Volume Profit Analysis
  • Fixed and Variable Costs Defined
  • Defining Value Analysis
  • Checking Supplier Value

Day 5: Total Cost of Ownership (TCO)

  • Changing Supply Management
  • Defining TCO
  • Barriers to TCO
  • Approaches to TCO
  • Total Cost Modelling of the Supply Chain
  • Implementing TCO

Certificate

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Purchasing & Supply Chain Management

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

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Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

Enquiry

We can customize this training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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