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An Intensive Professional
Development Training Course on

Strategic Purchasing & Supply Management

Cost/Price Analysis, Value Analysis & Total Cost of Ownership Concepts

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Why Choose Us

The Strategic Purchasing & Supply Management training course develops the knowledge and skills required to turn procurement into a strategic advantage. Participants learn to formulate and apply purchasing strategies that lower operating costs while enhancing quality, efficiency and overall productivity. The course supports informed supply management decisions that contribute positively to an organisation’s bottom line. It also reflects procurement’s evolution from a routine operational activity into a strategic function within today’s competitive business environment.

Effective purchasing now depends on establishing collaborative, long-term supplier relationships that can provide a significant competitive advantage. Participants explore approaches that encourage organisations and suppliers to work in partnership and contribute actively to shared success. Modern supply management practices are examined to optimise procurement processes, strengthen supplier engagement and improve organisational performance. The course also addresses negotiation skills, supplier evaluation and the implementation of best-in-class purchasing strategies to enhance the participant’s supply management role.

This Strategic Purchasing & Supply Management training course will highlight:

  • Developing effective strategic purchasing approaches
  • Reducing operating costs while improving quality and efficiency
  • Making informed decisions that support the organisation’s bottom line
  • Building collaborative, long-term relationships with suppliers
  • Strengthening negotiation and supplier evaluation capabilities
  • Optimising procurement processes through best-in-class supply management practices
Why Choose Strategic Purchasing & Supply Management
Course Goals

What are the Goals?

Upon completion of this training course, participants will be able to:

  • Develop clear, practical procurement strategies that support organizational goals.
  • Establish distinctive strategic purchasing capabilities that strengthen operational performance.
  • Assess the essential liaison function connecting external suppliers with stakeholders inside the organization.
  • Increase profitability by managing total costs effectively.
  • Explore sustainable competitive advantages through the development and use of strong inter-organizational relationships.

This course equips participants with practical insights for converting conventional purchasing activities into strategic, value-adding functions that directly contribute to business objectives.

Who is this Training Course for?

This Strategic Purchasing & Supply Management training course is designed for:

  • Procurement Directors
  • Purchasing Managers
  • Supply Chain Managers
  • Strategic Sourcing Managers
  • Category Managers
  • Procurement Managers
  • Purchasing Officers
  • Contracts Managers
  • Supplier Relationship Managers
  • Supply Management Specialists
Learning Approach

How will this Training Course be Presented?

The Strategic Purchasing & Supply Management Training Course applies established adult learning methods to enhance comprehension, participation, and knowledge retention. Participants put concepts into practice through:

  • Participatory seminars and workshops
  • Group discussions examining real-life procurement challenges
  • Case studies and practical exercises that simulate supplier negotiations
  • Practical activities demonstrating cost and value analysis

By combining theoretical learning with practical application, the course enables participants to implement strategies immediately within their workplace. Through discussions, analysis, and case studies, learners gain the confidence to use their new knowledge to improve purchasing performance and supplier relationships.

The Course Content

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

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

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

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

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
Recognition

Certificate

  • • Wallstreet Development Academy Certificate of Completion for delegates who attend and complete the training course.

Frequently Asked Questions

This course covers strategic purchasing and supply management through the perspectives of cost/price analysis, value analysis and total cost of ownership. It brings these three concepts into a purchasing and supply management context. The course information does not specify additional topics beyond these areas.
The training includes cost/price analysis and total cost of ownership concepts. These topics are presented as part of the broader study of strategic purchasing and supply management. The available course description does not list specific cost models or calculation methods.
Yes, total cost of ownership is a core concept identified in the course subtitle. It is considered alongside cost/price analysis and value analysis. Together, these concepts support the course’s focus on strategic purchasing and supply management.
The course is relevant to people seeking knowledge of strategic purchasing and supply management concepts. It may be of interest to those who want to understand cost/price analysis, value analysis and total cost of ownership in this context. Specific job roles, experience levels or prerequisites are not provided.
You will learn about cost/price analysis, value analysis and total cost of ownership concepts. The course relates these analytical concepts to strategic purchasing and supply management. Detailed learning objectives are not provided in the available course information.
Yes, value analysis is one of the course’s named subject areas. It is addressed within the context of strategic purchasing and supply management. The course information does not provide a detailed breakdown of the value analysis methods covered.
The course builds understanding of analytical concepts used in strategic purchasing and supply management. Its stated focus includes cost/price analysis, value analysis and total cost of ownership. No additional technical or interpersonal skills are specified in the available content.
The course approaches strategic purchasing through cost/price analysis, value analysis and total cost of ownership concepts. This gives the subject an analytical focus within purchasing and supply management. The available information does not describe specific decision-making tools, exercises or case studies.