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Procurement Market intelligence

Overview

Introduction

Procurement Market Intelligence enables organizations to make informed and strategic sourcing decisions using reliable market insights. This course provides a strong foundation in analyzing markets, suppliers, competitors, and pricing to support procurement excellence. Participants gain hands-on exposure to tools, frameworks, and analytical methods that improve negotiation, risk assessment, and supplier evaluation. The program includes case studies, exercises, and best-practice decision-making techniques.

Learning Outcomes

By the end of this training course, the participants will be able to:

  • Understand and apply market intelligence in procurement decisions.
  • Conduct market, supplier, and competitive analysis effectively.
  • Utilize analytical tools for insights and forecasting.
  • Evaluate supplier performance and risks using PMI methods.
  • Integrate PMI into strategic sourcing and cost-saving initiatives.


Main Modules

  1. Foundations of Procurement Market Intelligence
  2. Market Research & Industry Analysis Frameworks
  3. Supplier Evaluation, Risk Assessment & Performance Measurement
  4. Competitive Intelligence, Benchmarking & Data Interpretation
  5. Pricing Analysis, Cost Structures & Forecasting
  6. Strategic Sourcing Using Market Intelligence
  7. Tools, Technologies & Digital Market Intelligence Platforms
  8. Real-Time Market Monitoring & Early Warning Systems
  9. PMI Documentation, Reporting & Decision-Support Techniques


Certification

All participants will be awarded a Program Completion Certificate from TRACEZ upon satisfying the following conditions:

  • 100% attendance and active participation in class and group discussions
  • Submission of all continuous assessments (individual and group exercises)
  • Successful completion of the end-of-course assessment


Mode Of Learning

online, classroom

Course Code

TRLSCM011

Price

Duration

5 Days

Category

Logistics & Supply Chain Management

Language

English

Certification

Yes

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