Strategic Procurement: Local to Global

In an increasingly interconnected and competitive world, procurement has evolved from a transactional function to a critical strategic enabler of business success. This comprehensive training is designed for Procurement Professionals, Supply Chain Managers, Sourcing Executives, Entrepreneurs, and Business Leaders who aim to elevate their procurement capabilities and drive value through smarter sourcing decisions.

✅ Course Objectives:

• By the end of this session, participants will:
• Understand the difference between tactical and strategic procurement
• Learn how to build sourcing strategies for both local and global markets
• Identify key risks and mitigation strategies in international procurement
• Gain insights into supplier relationship management and contract strategies
• Explore case studies and real-world examples

🧭 Training Outline:

• Session 1: Introduction to Strategic Procurement
• Definition and Evolution of Procurement
• Tactical vs Strategic Procurement
• The Procurement Maturity Curve
• Role of Procurement in Business Growth
• Local vs Global Procurement Dynamics
• Session 2: Local Procurement Strategies
• Understanding Local Market Dynamics
• Supplier Selection and Evaluation
• Cost, Quality, Delivery, and Compliance Focus
• Building Sustainable Relationships with Local Vendors
• Benefits and Constraints of Local Sourcing
• Session 3: Global Procurement Strategies
• Why Go Global? (Cost Advantage, Technology, Innovation, etc.)
• Global Supplier Identification and Due Diligence
• Managing Currency, Lead Time, and Geopolitical Risks
• Incoterms, International Contracts, and Compliance (e.g. UCP 600, WTO, Customs)
• Strategic Alliances and Offshore Procurement Hubs
  Session 4: Risk Management & Digital Transformation
• Procurement Risk Categories (Operational, Financial, Political)
• Strategies for Risk Mitigation in Global Sourcing
• Role of Technology – E-Procurement, AI & SRM Tools
• Transparency, ESG, and Ethical Sourcing
• Session 5: Real World Applications & Action Planning
• Global Procurement Trends (Post-COVID, AI, Nearshoring)
• Case Examples from MNCs and Local Giants
• Creating a Strategic Procurement Roadmap for Your Organization
• Final Q&A and Wrap-Up

Target Audience:

• Procurement Professionals, Supply Chain Managers, Sourcing Executives, Entrepreneurs, and Business Leaders

📌 Takeaway Tool:
Participants receive a “Strategic Procurement Checklist” & Supplier Risk Evaluation Template

📝 Learning Materials Provided:

• PDF slides of the session
• Templates for supplier evaluation and sourcing strategy
• List of tools/software used in global procurement
• Post-training quiz or reflection form