Executive Development Programme in Procurement Supplier Advantages Model

• Understanding Procurement and its Role in an Organization: This unit will cover the basics of procurement and its importance in achieving organizational goals. It will also discuss the role of procurement in supplier relationship management. • Supplier Evaluation and Selection: This unit will focus on the process of evaluating and selecting suppliers based on various factors, including quality, cost, delivery, and sustainability. • Negotiation Strategies in Procurement: This unit will explore different negotiation techniques that can be used in procurement to achieve favorable terms and conditions with suppliers. • Contract Management and Administration: This unit will cover the best practices for managing and administering contracts with suppliers, including contract terms, conditions, and performance monitoring. • Supplier Relationship Management (SRM): This unit will discuss the importance of building and maintaining strong relationships with suppliers to achieve mutual benefits and maximize value. • Risk Management in Procurement: This unit will focus on identifying and managing various risks associated with procurement, including supply chain disruptions, regulatory compliance, and financial risks. • Procurement Analytics and Performance Measurement: This unit will cover the use of data analytics in procurement to measure performance, identify trends, and make data-driven decisions. • Sustainable Procurement Practices: This unit will discuss the importance of incorporating sustainability principles in procurement practices to reduce environmental impact and promote social responsibility.