Oxford College of Procurement and Supply’s Post

📈Elevate your procurement strategy with Category Management! Discover how this strategic approach segments spend, optimises negotiations, and enhances supplier relationships in this CIPS - The Chartered Institute of Procurement & Supply article 👇

Procurement & Sourcing,⛓️💥 In the realm of supply chain management, procurement and sourcing are two integral components that, while distinct, work hand in hand to drive organizational success. - Strategic Alignment: Effective sourcing informs procurement decisions, ensuring that purchasing aligns with organizational goals and market conditions. - Cost Management: Strategic sourcing enables procurement teams to negotiate better deals, thereby reducing costs and increasing efficiency. - Supplier Relationships: Strong supplier relationships, cultivated during sourcing, are crucial for successful procurement. They foster collaboration and innovation. - Risk Mitigation: Thorough supplier vetting during the sourcing phase helps procurement teams identify and manage potential risks, ensuring a reliable supply chain.

I am happy to share that I have successfully earned the Certificate in Procurement and Contract Negotiation in Supply Chain from Adarsh Amal 🎓 Throughout this program, I delved into key concepts such as strategic sourcing, supplier relationship management, and effective negotiation strategies. These insights not only enhance my ability to optimize procurement processes but also empower me to drive impactful results and foster collaborative partnerships. #Procurement #SupplyChain #Certification #CareerGrowth #ContractNegotiation

Excited to announce that I've just finished a spend management course in procurement and supply chain presented by Dr. Arafat El Mourad FCIPS, CIPS ASSESSOR, CPO. This program provided valuable insights into optimizing costs, mitigating supplier risk, and achieving strategic sourcing goals. Looking forward to leveraging this new knowledge to streamline procurement processes within my current role, identify cost-saving opportunities for my team and contribute to more effective supplier relationships 🤝. #procurement #supplychain #spendmanagement #costoptimization #suppliersourcing #learninganddevelopment

Category management is essential for strategic procurement. Learn how CategoryManagement can streamline sourcing processes, enhance supplier negotiations, and drive business results. Read our latest blog for actionable insights!  https://lnkd.in/gBkFuYGy #BusinessAdvisory #Procurement #SupplyChain #HRConsulting

The Importance of Relationship Building in Negotiations Negotiation is a multifaceted process that involves two or more parties aiming to reach a mutually beneficial agreement. Experienced negotiators understand that creating a personal connection with the other party is crucial to fostering trust and guaranteeing a favourable outcome. Understanding the supplier's perspectives, building a personal rapport with the person against whom they will be negotiating, and framing oneself as a friend first and a negotiator second can help organisations achieve their goals in a negotiation. A positive relationship with suppliers is crucial, as it engenders trust and is vital to securing an organisation's best negotiating position with suppliers. Effective leadership within the negotiating process is also essential to ensuring a successful outcome. ©️ Procurement and Supply Chain Management Made Simple. All rights reserved. #procurement #procurementtransformation #procurementmanagement #procurementstrategy #supplychainmanagement #supplychain #supplychainexcellence #purchasing #purchasemanagement #commerical #business #managementconsulting

Procurement : Beyond bean counting - The strategic arm of modern business. The preception of procurement as a purly cost-cutting function is arelic of the past. Today's Procurement teams are strategic partners, driving value creation by : 1) Managing risk 2) Building supplier relationships 3) Promoting sustainability #Procurement #Sourcing #Supply chain management

How do global procurement and supply leaders see their role and influence, their impact on society, and the risks coming down the track? The very first CIPS - The Chartered Institute of Procurement & Supply Global State of Procurement & Supply survey reveals powerful new insight into the forces shaping the procurement and supply profession from senior leaders at CIPS and our Global State of Procurement & Supply partner GEP Worldwide CIPS MENA https://lnkd.in/d3fSjM2v

🔍 **Master the Art of Category Management in Procurement!** Category Management is a game-changer in optimizing procurement processes, driving significant value, and ensuring strategic sourcing decisions. Whether you're looking to streamline your procurement strategy or enhance your organization's efficiency, this guide offers essential insights. 👉 Check out this comprehensive article on **Category Management** and discover how to optimize procurement categories effectively: [Read the full article](https://lnkd.in/epbawHjc) #Procurement #SupplyChain #CategoryManagement #Sourcing #Efficiency #BusinessStrategy #SupplyChainManagement

Robust procurement and supply chain management are pivotal drivers of value creation and operational excellence, supporting reduced costs and profitability. Discover the steps to implementing a strategic procurement program now. https://bit.ly/3X0DfzJ