Strategic Procurement and Purchasing

Acquire a foundational understanding of managing and optimizing procurement and supplier management. You will learn basic principles of purchasing and develop strategies in supplier negotiations impacted by economic and regulatory issues.

Short Course

Strategic Procurement and Purchasing

Overview

Acquire a foundational understanding of managing and optimizing procurement and supplier management. You will learn basic principles of purchasing and develop strategies in supplier negotiations impacted by economic and regulatory issues.

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Current Offerings

Start

Feb 14, 2023

End

Feb 16, 2023

Schedule

February 14-16, 2023: 10:00-11:30am, 1:30-3:00pm Eastern

Location

Live Remote

Fee

Who Should Attend

  • This introductory program is for managers or directors who are new to purchasing, new to managing purchasing staff, or anyone looking to brush up on current purchasing issues and strategies. Past participant titles have included:
    • Procurement Operations Specialist
    • Director, Accounting Services
    • Manager, Contract Management
    • Strategic Influencers
    • Material Control Supervisor
    • Purchasing Manager
    • Strategic Sourcing Manager

Program Benefits

  • Improve your ability to:
    • Discuss the importance of purchasing in the supply chain
    • Explain the dynamic environment of the purchasing industry including economic and regulatory issues
    • Decide what procurement strategies make sense for your company
    • Understand the basics of spend analysis
    • Discuss key issues in supplier negotiation

Program Content

  • Key Purchasing Concepts
    • Spend analysis
    • Commodity segmentation
    • Supplier bid evaluation
    • Supplier and industry research
    • Global/worldwide sourcing
    • Total cost of ownership analysis
  • Current Trends
    • Domestic trends
    • International trends
    • Sustainability in the supply base
    • Ethics in procurement
    • Supplier quality
  • Influence the Process
    • Data and influence
    • How to get the most out of the supply base
    • Maintaining strong supplier relationships
  • Case Studies
    • Cost modeling techniques
    • Market intelligence
    • Negotiation
    • RFP Development in Manufacturing and Services
The course curriculum was a great blend of supply chain and procurement. It was also a great blend of people who brought different experiences to the program.
Bill Bianco Buyer/Inventory Supervisor, Hussey Copper

Value For You and Your Organization

Strategic Procurement and Purchasing provides practical information to better manage purchasing operations. You will learn techniques for lowering total procurement costs or maintaining current costs in an environment where material costs are on the rise.

The Executive Programs Short Course Experience

All of our transformational learning experiences provide the right environment for you to quickly develop and apply new capabilities.

Pre-work

You'll have access to a personal learning portal where you will obtain pre-program assignments, travel support (if applicable), and a list of fellow participants. Pre-work prepares you to immediately engage in content and learning allowing for a more effective application of knowledge.

Practical Content

Our learning experiences pair practical action learning and coaching with new knowledge, tools, and perspectives. We'll explore current, real-world examples of how organizations around the globe address critical challenges and how it may relate to yours.

Led by Experts

Plug into our network of thought leaders. Our award-winning teachers, researchers, consultants, and practitioners understand today's leaders and the critical challenges they face. They will work with you to offer guidance before, during, and after each program.

Peer Networking

You'll learn as much from your peer cohort as you do from the instructors! The value of different perspectives coming from different organizations and their challenges are immeasurable.

Faculty

Expert executive faculty who have led significant change within the private and public sectors will provide models and frameworks to help you transform vision into and action plan for results.

Customize This Program

All programs can be tailored to your organization and team, and be delivered to groups of 10 or more. Contact us about custom program possibilities. View Details Request Info 800-311-6364
group of people consulting

Additional Details

Our Learning Solutions Associate will be happy to hold a seat for you in this program. A reservation does not commit you to the program until you submit the registration form online. To reserve your spot, click the ‘Save my Seat’ button next the program’s offering, listed above.

Discount Rates

  • 20%: In-Person delivery, or Live Remote delivery with 20+ participants on same invoice (Contact us to register your group)
  • 10%: Live Remote delivery

Eligibility

Tuition discounts are available for:

  • DoD or government employees
  • Penn State alumni
  • Individuals who commit to earning a Professional Certificate
  • Teams of three or more attending from the same organization
  • CSCR Corporate Sponsors and other affiliated groups (with valid discount code)

After registration, you will receive access to your personal learning portal. There you can find the following information:

  • Pre-program assignments, which prepare you for the program before the start date
  • A list of program faculty and fellow registered participants
  • Travel coordination and support, if applicable

Transfers

If an accepted Penn State Executive Programs applicant finds it necessary to transfer to another session of the same program, one transfer will be allowed with no charge if arranged more than six (6) weeks prior. Additional transfers, transfers to a different program, or transfers arranged less than six (6) weeks prior incur a charge of 10% of the current program fee.

The sponsoring company may identify a replacement candidate, but the replacement candidate must be accepted for the program through an admissions review.

Refunds

The following refunds will apply for withdraws if Penn State Executive Programs is notified in writing within the time period stated:

  • Full refund with notification received more than six (6) weeks prior to start of the program
  • 50% refund with notification received between two (2) and six (6) weeks before the start of the program.
  • No refund with notification received two (2) weeks or less prior to the start of program.

Note: The registered participant or their agent must confirm all notification of withdrawals, transfers and substitutions in writing. If written notification is not received, the full program fee will be assessed.

Cancellations

The University may cancel or postpone any course or activity because of insufficient enrollment or other unforeseen circumstances. If a program is canceled or postponed, the University will refund registration fees but cannot be held responsible for any other related charges, or expenses, including cancellation/change charges by airlines or travel agencies. In the case of postponement, as an alternative to a refund, program fees may be transferred to another session of that program.

If you have any questions or concerns about our cancellation policy, please contact us to discuss further.