Why Attend
Planning is both the most critical and the most challenging phase of any procurement operation. It provides direction towards how the function intends to secure the supply security of the organization. When it comes to bid management, a sound procurement plan will help balance the often conflicting goals of generating savings and satisfying internal customers. In this course, we provide a thorough explanation on how to approach the planning of procurement objectives and initiatives. We delve into the different qualitative and quantitative forecasting techniques as they relate to inventory planning and we demonstrate how different vendor integration strategies can be applied to help sustain operations and projects.
Course Methodology
This course uses a variety of individual exercises, team exercises, case studies and videos.
Course Objectives
By the end of the course, participants will be able to:
Write strategic procurement objectives and initiatives to support long term directions
Arrange 'spend items' into categories that support planning of go-to-market strategies
Apply demand forecasting techniques to improve planning of procurement activities
Generate vendor integration strategies to ensure supply security
Evaluate vendor bids in a scientific manner to support selection decision making
Target Audience
Purchasing and supply chain professionals at all levels of the organization who are involved in planning, sourcing, buying and bid selection activities, as well as personnel who are involved in the purchasing process.
Target Competencies
Procurement planning
Business analysis
Structured thinking
Business forecasting
Inventory planning
Performance evaluation
Course Outline
Strategic procurement planning
Setting procurement mission and objectives
Selection of improvement initiatives
Structure-related initiatives
Systems-related initiatives
Workstreams-related initiatives
Culture-related initiatives
Performance measures and targets
Communication of procurement plan
Stakeholder engagement
Spend category planning
Spend impact analysis
Financial impact
Vendor segmentation
Market risk analysis
Value chain analysis
SWOT analysis
Porter’s five forces
Risk heat maps
Vendor risk scores
Category report consolidation
Forecasting and demand planning
Tetlock’s foxes and hedgehogs
Taleb’s black swan
Principles of demand planning
Quantitative forecasting techniques
Qualitative forecasting techniques
Vendor integration
Vendor prequalification criteria
Legal criteria
Financial criteria
Technical criteria
Staff criteria
HSE criteria
Service Level Agreements (SLAs)
Strategic partnering
Supplier diversity programs
Bid evaluation and selection
Bid evaluation criteria
Scoring systems and protocols
Selection and award
Total Cost of Ownership (TCO) for complex purchases
INFORMATECH is the region’s leading provider of in-house custom-designed courses. We have been tailoring in-house solutions for our clients aimed at helping them achieve short term training wins or long term strategic requirements. In addition to being significantly cost effective, these courses are constantly in demand because they:
16 - 20 February 2026
3450 €
Register
15 - 19 March 2026
4250 €
19 - 23 April 2026
3200 £
3 - 7 May 2026
4500 €
14 - 18 June 2026
19 - 23 July 2026
3850 €
2 - 6 August 2026
6 - 10 September 2026
11 - 15 October 2026
8 - 12 November 2026
13 - 17 December 2026
If you did not find the appropriate date or venue suitable for you, or you would like to join the course online, you can request a custom course from the link below.
We offer group and corporate discounts on many courses. These discounts are available for clients who want to maximize their return on investment.
We offer individual discounts on many courses for people who are self-sponsored and make their payment in full and upfront at the time of registration.
Nominations to our public courses are to be processed by the client’s HR/Training department except for self-nominations which are to be paid in advance using the “payment by self” option on the online registration form. A refund will be issued back to the client in the event of course cancellation or seat unavailability. Registration confirmation is subject to INFORMATECH's review of registration request and seat availability.
Clients are responsible for any type of tax levied in their country.
If you are interested in having a course custom-designed for your organization, please submit a request using the link below. Once we receive your duly completed request, one of our business development professionals or consultants will get in touch with you to understand your requirements with more detail and answer any relevant questions you may have. After all pertinent information has been exchanged, we will work on the custom-designed request and send you the proposal you require and work with you to identify the ideal period and place for delivering the custom-designed solution.