Procurement Management

Unit 2 Mastering Procurement Strategies and Supplier Dynamics

This episode tackles the key facets of procurement, including supply market analysis, strategic sourcing, and supplier relationship management. Learn about effective methods for price variance management, utilizing data-driven spend analysis, and developing scorecards to assess suppliers. Case studies and retail procurement techniques are highlighted to demonstrate competitive advantages.

Unit 1 Procurement Management and Strategic Innovation

This episode covers the essentials of procurement management, from defining its scope in businesses and governments to understanding key processes like solicitation and contract close-out. Highlights include the differences between strategic and tactical procurement as well as how emerging technologies like the procure-to-pay cycle are transforming the field. Real-life scenarios provide practical insights into effective procurement strategies.