Beyond the RFQ: Strategic Procurement Thinking

This course challenges traditional sourcing approaches by introducing strategic procurement thinking. Participants will learn to evaluate suppliers as partners, manage risk, and align procurement with organizational goals beyond the Request for Quotation (RFQ) stage.

By the end of this course, participants will be able to:
– Differentiate between tactical and strategic procurement approaches.
– Identify total cost of ownership (TCO) and value-based sourcing models.
– Engage stakeholders to align sourcing with business needs.
– Develop supplier performance metrics and relationship frameworks.
– Analyze sourcing risk and apply mitigation strategies.

1- Tactical vs. Strategic Procurement
2- Total Cost of Ownership and Lifecycle Costing
3- Supplier Relationship Management (SRM)
4- Risk Assessment and Sourcing Resilience
5- Cross-Functional Procurement Strategy

Procurement professionals, supply chain managers, sourcing officers, and category leads aiming to elevate their procurement approach.

Case studies, sourcing simulations, procurement planning labs, and supplier evaluation tools.

Participants will upgrade their procurement mindset to become strategic business partners and not just buyers.