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PROCUREMENT MANAGEMENT

Program Objective:

The objective of this program is to equip participants with the end-to-end strategic framework required to manage modern procurement functions effectively. By the end of this course, learners will be able to navigate the full procurement lifecycle, from strategic sourcing and rigorous supplier evaluation to advanced negotiation and digital contract management. Participants will gain the skills to mitigate supply chain risks, implement ethical and sustainable sourcing practices, and leverage data-driven technology to drive cost efficiencies and long-term value for their organizations.

The Modules are as follows:

• The Procurement Lifecycle & Strategic Planning
• Need Identification
• Procurement Strategy
• The 7 Stages of Procurement
• Strategic Sourcing & Supplier Evaluation
• Market Analysis
• Supplier Selection Criteria
• The Bidding Process
• Negotiation Tactics & Conflict Resolution
• Preparation
• Win-Win Strategies
• Dispute Management
• Contract Management & Administration
• Drafting & Legal Basics
• Performance Monitoring
• Compliance
• Risk, Ethics, & Sustainable Procurement
• Risk Mitigation
• Ethical Sourcing
• ESG (Environmental, Social, Governance)
• Digital Procurement & Technology
• E-Procurement Systems
• Spend Analytics
• Automation

Program Cost

Total Fee: $TT 1,500.00

Duration

6 weeks

Class Schedule

Start Date: Saturday May 23rd, 2026

Class Times: Saturdays only: 11:30 am to 12:30 pm