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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

Strategic Purchasing & Supply Management Training Course equips participants with the skills and knowledge to transform procurement into a strategic advantage. This course emphasizes developing and implementing effective purchasing strategies that reduce operating costs while improving quality, efficiency, and overall productivity. By focusing on strategic supply management, professionals learn how to make informed decisions that positively impact their organization’s bottom line.

In today’s competitive business landscape, procurement is no longer a routine operational task. Companies now recognize purchasing as a strategic function that builds long-term, collaborative relationships with suppliers. The ability to manage these relationships effectively can be a major source of competitive advantage.

This training course goes beyond the basics of buying. It teaches participants how to foster partnerships where both the organization and its suppliers actively contribute to mutual success. Through modern supply management practices, participants learn to optimize procurement processes, strengthen supplier engagement, and drive organizational performance. Whether you are looking to enhance negotiation skills, improve supplier evaluation, or implement best-in-class purchasing strategies, this course provides the tools to elevate your role in supply management.

Why Choose Strategic Purchasing & Supply Management
Course Goals

What are the Goals?

By completing this training course, participants will gain the ability to:

  • Set clear and actionable strategies for procurement to align with organizational goals.
  • Build distinctive capabilities in strategic purchasing that enhance operational performance.
  • Evaluate the critical liaison role between external suppliers and internal organizational stakeholders.
  • Improve profitability through effective control of total costs.
  • Examine sustainable competitive advantages by creating and leveraging strong inter-organizational relationships.

This course ensures participants leave with practical insights to transform traditional purchasing activities into strategic, value-adding functions that directly support business objectives.

Who is this Training Course for?

This training course is designed for professionals involved in procurement, supply, and contracts management, including:

  • Purchasing, procurement, and contract administration personnel
  • Project managers overseeing material, parts, and service acquisitions
  • Professionals responsible for planning, evaluating, and managing supplier relationships
  • Individuals in organizations aiming for excellence in strategic supply management

Whether you are directly managing supplier contracts or contributing to procurement decisions, this course equips you with skills to enhance performance and drive better outcomes for your organization.

Learning Approach

How will this Training Course be Presented?

The Strategic Purchasing & Supply Management Training Course uses proven adult learning techniques to maximize understanding, engagement, and retention. Participants actively apply concepts through:

  • Interactive seminars and workshops
  • Group discussions to explore real-world procurement challenges
  • Case studies and practical exercises simulating supplier negotiations
  • Hands-on activities that illustrate cost and value analysis

By blending theory with practical application, the course ensures participants can immediately implement strategies in their workplace. The combination of discussion, analysis, and case studies enables learners to confidently apply new knowledge to optimize 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.
Collaborations

In Partnership With

Anderson Copex Coventry