Register Online - Add to Cart


Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 404805
Credit & Course Provided by:

Developing a Strategic Purchasing, Procurement and Contracting Plan

Live Webinar
May 29, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart

Learn the proper elements required to develop a strategic and tactical planning process.

Every organization needs a strategic plan to make sure it knows where it’s are going in order to do things better, faster, and cheaper. Strategic planning is all about setting the long-term direction of the company, knowing what the organization’s goals, intentions and values are. Purchasing and supply management executives often get so preoccupied with the immediate issues (thinking tactically rather than strategically), that they lose sight of their ultimate objectives. As procurement teams face the challenges and opportunities resulting from increasing competitiveness, accelerating globalization and the growth of services as a key differentiator in the marketplace, it is essential that organizations reassess their existing strategy and continuously validate its effectiveness based on the current and anticipated future business environments. Today, strategies are more a part of an organization’s success than ever before. Not only has technology given companies the opportunity to truly make purchasing and supply management more efficient and inexpensive, but companies are now spending a larger percentage of their revenue on products and services than they were 30 years ago. Most organizations spend around 20-60% of their money on the materials, supplies, capital equipment, technology, and services that are necessary to keep the enterprise running. As a result of these changes, more organizations need to put in place best practices that can guide their purchasing decisions and that can help them make their business a success.

Learning Objectives

• You will be able to define planning and strategic planning and procurement.

• You will be able to describe the differences between tactical and strategic procurement process.

• You will be able to discuss the characteristics of the four phases from tactical to strategic.

• You will be able to review procurement strategy and its relationship with other company strategies.


Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart