Training on Strategic Cost and Value Management in Procurement
Master strategic cost and value management in procurement. Learn to reduce costs, increase value, and improve procurement performance.
Next intake
20 Jul 2026 · Nakuru
Duration
5 days
Live instruction
Delivery
Physical + Virtual
Cohort based
Level
Foundation
Working professionals
Certification
NITA reimbursable
For Kenyan cohorts
Language
English
All materials
About this programme
Strategic Cost and Value Management in Procurement Course provides participants with the knowledge and skills to strategically manage costs and add value within procurement processes. It covers essential topics such as cost analysis, value engineering, supplier relationship management, and procurement strategies to optimize costs while maintaining or improving quality and service.
Course Duration
5 Days
Who Should Attend
- Procurement Managers
- Supply Chain Professionals
- Purchasing Agents
- Contract Managers
- Financial Analysts involved in procurement
- Operations Managers
- Business Analysts
What you'll walk away with
By the end of this course, participants will:
- Understand and apply cost management principles within procurement.
- Analyze procurement costs and identify cost-saving opportunities.
- Implement value management techniques to enhance procurement performance.
- Develop and execute cost-effective procurement strategies.
- Strengthen supplier relationships to optimize cost and value.
- Utilize various tools and methodologies for cost analysis and value engineering.
- Improve negotiation skills to achieve better procurement outcomes.
What we cover, module by module
Module 1: Understanding the Value Proposition of Procurement to a Corporate
- Linking corporate and procurement objectives
- World-class procurement performance benchmarking
- KPIs to measure procurement performance
- Typical procurement organizational structures
- Requisition-to-pay and contract management systems
- Private and public procurement policies
- Case Study: How strategic procurement alignment improved cost savings and compliance in a large organization
Module 2: Tools and Techniques in E2E Procurement Category Management
- Supply market analysis
- Market approaches
- Best-fit contracting strategy
- Contract award
- Contract performance management
- Case Study: Category management delivering improved supplier performance and reduced procurement costs
Module 3: Cost Management and Value Creation
- Understanding financial statements
- Applying and interpreting Net Present Value (NPV)
- Supply chain cost modelling
- Total cost of ownership and lifecycle cost
- Porter’s Five Forces
- Value in post-contract management
- Decision tools (decision trees, root cause analysis)
- Case Study: Using total lifecycle costing to select the most cost-effective supplier solution
Module 4: Selling Strategic Procurement to Stakeholders
- Create vision and mission statement
- Quantify benefits and implementation costs
- Organisational processes and systems alignment
- Deliverables and milestones
- Resource and time estimation
- Stakeholder identification and management plan
- Risk mitigation plan
- Communication plan
- Influencing skills
- Case Study: Gaining executive buy-in for a procurement transformation project
Module 5: Create a Deep Dive Category Strategy
- Define deliverables of a deep dive category strategy
- Introduction of categories for team selection
- Organizational expectations
- Category spend data analysis
- Supply market profiles
- Stakeholder positions
- Case Study: Successful category strategy reducing spend and improving supplier competitiveness
Where the change lands
Organizational Impact
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Improves profitability and resource allocation.
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Leads to better supplier relationships and risk mitigation.
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Enhances the organization's competitiveness and operational efficiency.
Personal Impact
-
Provides an in-demand skill set for a career in procurement.
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Is crucial for career progression into senior leadership and strategic roles.
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Builds the confidence to lead and champion cost and value-driven initiatives.
Dates and locations
Upcoming intakes
Every intake is limited to a small cohort. Booking closes when a date fills or three weeks before the start, whichever comes first.
| City | Starts | Ends | Delivery | Book |
|---|---|---|---|---|
NakuruNext | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kigali | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Accra | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kisumu | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Johannesburg | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Dakar | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
- NakuruNext
20 Jul → 24 Jul·In-Person
Book this intake - Kigali
20 Jul → 24 Jul·In-Person
Book this intake - Accra
20 Jul → 24 Jul·In-Person
Book this intake - Kisumu
27 Jul → 31 Jul·In-Person
Book this intake - Johannesburg
27 Jul → 31 Jul·In-Person
Book this intake - Dakar
27 Jul → 31 Jul·In-Person
Book this intake
Common questions.
Still not sure? Send us a note and a facilitator will get back to you within a business day.
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Course finder
Find the right course for you
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For corporate teams
Training 10+ professionals?
We deliver Training on Strategic Cost and Value Management in Procurement in-house at your offices, at a venue we arrange, or fully virtual. Customise the curriculum against your KPIs, and get a bespoke price for the cohort size you need.