The Rausing Executive Development Centre (REDC) at LUMS successfully concluded this year’s offering of its Strategic Procurement Management (SPM) programme on November 8, 2019. As the role of the procurement function in organisations has dramatically changed over time, and it has become essential to specialise in all organisational functions, the four-day programme aimed to align procurement and organisational priorities.
Led by LUMS professors Dr. Jamshed H. Khan and Dr. Shakeel Sadiq Jajja, the programme focused on providing a bigger picture to senior procurement managers for implementing organisation-wide procurement decisions. The sessions followed REDC’s participant-centred learning model, and included a mix of case studies, group exercises and interactive discussions.
The programme covered the diverse areas of procurement, and provided insights into the integration of organisational and procurement strategies by demonstrating local and global practices. The sessions addressed techniques to optimise purchasing strategy in order to increase organisational profitability. The instructors also shed light on the key challenges faced by senior management in the procurement function, and familiarised them with efficient procurement processes to manage internal and external stakeholders. The SPM programme also provided a unique opportunity to reflect on sourcing strategy and understand the key challenges in its execution.
Participants appreciated the sessions and expressed their satisfaction with the programme. Umer Saleh, an employee at Kohinoor Textile Mills Limited, said, “The Strategic Procurement Management programme at REDC is the best available programme for procurement specialists where theory, experience and collective wisdom in a classroom setting challenges your thought process.”
Muhammad Amjad Malik, Habib Bank Limited, echoed similar sentiments and shared, “The programme provides insight on approaches that will help in strategic procurement, optimisation and value addition to any organisation. It is extremely relevant for all procurement functions.”