Strategic Procurement Management

Strategic procurement management is a process of planning, implementing, evaluating, and controlling strategic and operating purchasing decisions for directing all activities of the purchasing function toward opportunities consistent with the firm’s capabilities to achieve its long-term goals

Strategic procurement management involves analyzing and aligning procurement functions with business goals and objectives, and optimizing facility and infrastructure performance and utilization. It also involves managing the supplier market, contract negotiation, risk management, and performance evaluation

Strategic procurement management can bring many benefits to an organization, such as:

• Increased customer retention and loyalty
• Enhanced customer satisfaction and trust
• Improved customer segmentation and targeting
• Higher customer lifetime value and revenue
• Reduced customer acquisition and service costs
• Greater operational efficiency and productivity
• More accurate forecasting and planning
• Better competitive advantage and differentiation

Strategic procurement management requires a combination of technical, managerial, and interpersonal skills, as well as knowledge of various disciplines, such as engineering, architecture, construction, finance, procurement, quality, safety, and environmental management. It also requires experience in working with different types of facilities and infrastructure, such as office buildings, industrial plants, transportation systems, utilities, and communication networks

There are many online and offline courses and training programs that can help you learn and improve your strategic procurement management skills and knowledge. For example, you can check out the following courses:

• Operations & Facility Management Training in Nigeria - Lagos, Abuja, Lagos: This is an online course from Ciel Consulting that teaches you the best practices and day-to-day activities of strategic procurement management. It is suitable for beginners and experienced professionals who want to formalize their knowledge and get certified. You can access the course materials for free or pay for a certificate and the full experience
• Procurement Strategy | CIPS: This is a web page from CIPS that provides information and resources on procurement strategy, such as how to develop a procurement strategy, what are the key themes and steps, and how to align it with the business context and vision. It also provides information on how to become a CIPS member and access the latest research, whitepapers, and tools across a range of key procurement topics
• Strategic Procurement: What is it, Objectives, Process & Example - Happay: This is a web page from Happay that explains what is strategic procurement, what are its objectives and benefits, what are the steps and factors involved in the process, and what is an example of a strategic procurement plan. It also provides information on how to use Happay’s cloud-based spend management platform to automate and optimize your strategic procurement activities
• What Is Strategic Procurement/Procurement Strategy? | Taulia: This is a web page from Taulia that defines what is strategic procurement and procurement strategy, and how they differ from traditional procurement. It also provides information on how to use Taulia’s supply chain finance solutions to improve your cash flow, reduce costs, and strengthen your supplier relationships