Certificate in Strategic Procurement: Driving Growth

Name: Certificate in Strategic Procurement: Driving Growth
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The Certificate in Strategic Procurement: Driving Growth is a comprehensive course designed to empower learners with the essential skills to excel in procurement and drive business growth. This course highlights the importance of procurement as a critical function in organizations, and how strategic procurement can provide a competitive advantage.

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AboutThisCourse

In an era of increasing global competition and rapidly changing supply chain dynamics, the demand for skilled procurement professionals has never been higher. This course equips learners with the knowledge and tools to manage complex procurement processes, negotiate effectively, and leverage data analytics for informed decision-making. By the end of this course, learners will have developed a deep understanding of strategic procurement principles and practices, and will have acquired the skills necessary to advance their careers in this high-demand field. Whether you're an aspiring procurement professional or a seasoned veteran looking to enhance your skillset, this course is an essential step towards achieving your career goals.

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CourseDetails

• Strategic Sourcing and Supplier Management: Understanding the concepts of strategic sourcing and supplier management, including identifying key suppliers, evaluating their performance, and building long-term relationships.
• Procurement Processes and Systems: Overview of procurement processes, from identifying needs and creating specifications to negotiating contracts and managing suppliers.
• Cost Analysis and Reduction Techniques: Techniques for analyzing costs and identifying opportunities for cost reduction, including value engineering, life-cycle costing, and total cost of ownership.
• Contract Development and Negotiation: Best practices for developing and negotiating contracts, including creating contract terms and conditions, negotiating pricing, and resolving disputes.
• Risk Management in Procurement: Identifying and managing risks in procurement, including supply chain disruptions, contract disputes, and compliance issues.
• Sustainable Procurement Practices: Strategies for incorporating sustainability into procurement practices, including reducing environmental impact, promoting social responsibility, and supporting diversity.
• Procurement Technology and Analytics: Overview of procurement technology and analytics, including e-sourcing, e-invoicing, and spend analysis tools, and how to use data to drive procurement decisions.
• Procurement Metrics and Performance Management: Defining and measuring procurement performance using key performance indicators (KPIs) and metrics, and using this data to drive continuous improvement.
• Ethics and Compliance in Procurement: Understanding ethical and compliance considerations in procurement, including legal requirements, ethical guidelines, and anti-corruption measures.

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EntryRequirements

BasicUnderstandingSubject
ProficiencyEnglish
ComputerInternetAccess
BasicComputerSkills
DedicationCompleteCourse

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FastTrack GBP £140

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AcceleratedLearningPath

ThreeFourHoursPerWeek
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StandardMode GBP £90

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FlexibleLearningPace

TwoThreeHoursPerWeek
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CERTIFICATE IN STRATEGIC PROCUREMENT: DRIVING GROWTH

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London School of International Business (LSIB)

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05 May 2025

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