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Smeal College of Business

Strategic Procurement and Purchasing

Jun 8—9, 2020
2 days
State College, Pennsylvania, United States
USD 2150
USD 1075 per day

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Acquire a foundational understanding of managing and optimizing procurement and supplier management. You will learn basic principles of purchasing and develop strategies in supplier negotiations impacted by economic and regulatory issues.

Program Benefits

Improve your ability to:

  • Discuss the importance of purchasing in the supply chain—often the largest expense for a company (cost of goods sold)
  • Explain the dynamic environment of the purchasing industry including economic and regulatory issues
  • Decide what procurement strategies make sense for your company
  • Understand the basics of spend analysis
  • Discuss key issues in supplier negotiation that can be used in practice

Note: This program awards 1.5 CEUs. Penn State Continuing Education Units (CEUs) are available based on a standard of one unit per ten hours of classroom instruction.

Program Content

Trends in Procurement and Purchasing

  • Domestic
  • International

Key Purchasing Concepts

  • Spend analysis
  • Commodity segmentation
  • Supplier and industry research
  • Supplier evaluation (including financial analysis)
  • Request for information/proposal development
  • Supplier bid evaluation
  • Total cost of ownership analysis
  • Sustainability in the supply base
  • Supplier quality
  • Supplier management
  • Global/worldwide sourcing
  • Ethics in procurement

Value For You and Your Organization

Strategic Procurement and Purchasing provides practical information to better manage purchasing operations. You will learn techniques for lowering total procurement costs or maintaining current costs in an environment where material costs are on the rise.

Who should attend

This introductory program is for managers or directors who are new to purchasing, new to managing purchasing staff, or anyone looking to brush up on current purchasing issues and strategies. Past participant titles have included:

  • Procurement Operations Specialist
  • Director, Accounting Services
  • Manager, Contract Management
  • Strategic Influencers
  • Material Control Supervisor
  • Purchasing Manager
  • Strategic Sourcing Manager


Senior Partner, Chain Connectors, Inc. Dr. Christopher D. Norek is Senior Partner and founding member of Chain Connectors, Inc., a supply chain consulting and software implementation firm. He has over 20 years of supply chain experience with a unique combination of consulting, industry and acade...
Lecturer, Supply Chain & Operations Department of Business Management North Carolina State University Donavon Favre has experience in teaching, industry and consulting professional with deep supply chain management skills. His broad-based industry knowledge includes Oil and Gas, Utilities, C...


Detailed Description
Detailed Description

Next dates

Jun 8—9, 2020
2 days
State College, Pennsylvania, United States
USD 2150
USD 1075 per day

How it works

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