Procurement Academy
Ongoing training of key employees is essential to building world-class procurement capabilities. A highly skilled procurement team is better equipped to implement best practices and take procurement operations to the next level. BCG’s Procurement Academy offers clients an on-site training program that integrates classroom instruction with on-the-job application.
The on-site program features nine training modules that can be customized to your organization’s specific procurement challenges. The Procurement Academy provides participants with strong functional knowledge and tools, and it covers all the essential elements for demonstrating how the procurement function adds overall value to the business.
- Spend analysis and prioritization of category optimization
- Ramp-up of cross-functional teams
- Internal and external analysis
- Definition of strategy and setting of targets
- Detailing strategy along seven levers
- Tender process and supplier selection
- Supplier negotiation
- Implementation management
- Performance measurement
Targeted to procurement category managers, strategic buyers, and others that do or should interface with procurement, the academy brings skilled experts directly to a client’s site for structured classroom sessions, real-world implementation, interactive discussions, and systematic feedback.
A Closer Look into the Classroom
Procurement Academy participants can expect to benefit from these program components:
- Structured classroom sessions that cover all necessary procurement tools and the essential skills for successful category managers
- Biweekly interactive sessions and case reviews taught by BCG or external faculty
- Advance individual preparation plus homework assignments
- Daily interaction with BCG consultants
- Real-world implementation of concepts and techniques, and continuous improvement of procurement processes
- Systematic and customized feedback on performance and skill development