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Course info
Duration
Accredited by
Tutor Support
Course Access
2 Hours 52 Minutes
CPD UK
Included
1 Year
If you are intending to advance your knowledge in procurement to expand your business operations, join our comprehensive Advanced Online Course on Procurement. Obtain certification in procurement by undergoing strategic sourcing and value-based procurement training that includes case studies.
What you will learn from this course?
- Get an introduction to agile methodology in procurement
- Learn the difference between the loss of gross revenue and procurement savings
- Gain knowledge about strategic procurement and purchasing to understand the differences
- Learn what simple cost-cutting and complex value delivery
- Explore the evolution of the supplier selection process with a value-based approach
- Know different types of buying channels with category instructions
- Get ideas about procurement category strategy based on a PO analysis
- Identify how to analyse the spending profile to come up with numerous improvement ideas
Advanced Procurement Concepts Course Overview
Do you want to master procurement management skills with practical knowledge and guidance? Enrol in our Advanced online Course on Procurement and identify different procurement processes to excel in strategic sourcing and daily operations of your business to work more effectively.
In this advanced course, you will learn the true cost of agile procurement including agile supplier selection process with a realistic approach. You will know why reverse marketing is essential and how it differs from traditional buy-sell approaches. You will understand how to estimate vendor discounts using an NPV approach as well as various layers of spend. As the course progresses, you will gain methodical techniques to achieve long-lasting value output in procurement. By the end of this course, you will attain value stream mapping skills to maximise governance and your business processes.
Join this comprehensive course to gain practical skills and procurement management insights to expand your business successfully.
- This course is suitable for procurement professionals who want to understand the advanced concepts of procurement to excel in their business careers
- This course is also ideal for procurement managers and senior managers who want to revive and enhance their procurement skills with extensive training
- Any purchasing manager who wants to upgrade their ideas to optimise their sourcing strategies with advanced procurement skills can enrol in this course
- Any beginner who wants to initiate their professional journey into procurement management can also join this comprehensive course
This Good Procurement Practices Course has no academic prerequisites and is open to students from all disciplines. You can access the course anytime and anywhere from any location. You will, however, need a laptop, desktop, tablet, or smartphone and a reliable internet connection.
This Good procurement Practices Course assesses learners through multiple-choice questions (MCQs). Upon successful completion of the modules, learners must answer MCQs to complete the assessment procedure.
- Through the MCQs, it is measured how much a learner can grasp from each section.
- In the assessment, the pass mark is 60%.
Welcome Note and Introduction From the Course Author
- Author Credentials and Introduction
How to Apply Agile Methodology in Procurement
- Definitions of Agile
- Exercise 1: Agile or Not
- Waterfall vs. Agile
- The True Cost of Agile Procurement
- Exercise 2: Loss of Gross Revenue vs. Procurement Savings
- Exercise 2: Loss of Gross Revenue vs. Procurement Savings
- Agile Supplier Selection
- Exercise 4: Agile Supplier Selection of the Office Renovation Contractors
- Fixed Scope Negotiations for Legacy Projects
How to Excel in Strategic Sourcing
- Reverse Marketing
- Strategic Procurement vs. Purchasing
- Exercise 5: Test Your Procurement Profile
- Procurement Cost Evolution (+ Exercise 6)
- Sourcing Strategy
- RFP Alternatives
How to Deliver Procurement Value
- Case Study: Procurement Savings vs New Revenue
- From Cost-Cutting to Value Delivery
- The Evolution of Supplier Selection Process
- Exercise 7: Tco of Ipad Delivery
- Exercise 8: Lowest Bid vs. TCO vs. Value-Based Evaluation
- Exercise 9: Value-Based Choice of Air-Conditioners
- Exercise 10: Vendor Discount Calculation by Npv
- Exercise 11: Sourcing Levers Applied to Corporate Mobile Subscription Contract
- Layers of Spend
- Exercise 12: How to Achieve the Long-Lasting Value Output?
How to Work More Effectively
- Tail Spend and Buying Channels
- Case Study: A Procurement Category Strategy Based on Po Spend Analysis
- Types of Buying Channels
- Category Instructions for Buying Channels
- Exercise 13: Spend Profile Analysis
- Exercise 14: Value Stream Mapping
- Final Quiz and Course Materials
CPD certificates are accepted by thousands of professional bodies and government regulators here in the UK and around the world. Many organizations look for employees with CPD requirements, which means, that by doing this course, you would be a potential candidate in your respective field.
CPD UK And Accredited Certificate Of Achievement
Grow your career by earning CPD UK accredited certificate of achievement and add extra value to your CV. On successful completion of this course, you will be eligible to order your CPD UK accredited certificate of achievement to demonstrate your new skills. You can also share this certificate with prospective employers and your professional network. The CPD accredited certificate of achievement can be obtained in PDF format at a nominal fee of ยฃ12; there is an additional fee to get a printed copy certificate which is ยฃ25.
Course Success Stories
Course info
Duration
Accredited by
Tutor Support
Course Access
2 Hours 52 Minutes
CPD UK
Included
1 Year
0121 295 1244Course Review
FAQs
The effective six pillars of procurement are understanding and communicating requirements, engaging the market, packaging the works, choosing the risk allocation model, choosing the route to market, and communicating the benefits.
Effective procurement management ensures the smooth acquisition of goods and services, enabling businesses to operate efficiently and successfully.
This course aims to improve procurement management knowledge and skills through comprehensive lessons and training to boost learner efficiency and performance.
A degree in business is a good starting point. However, if you want to acquire high-level qualifications and proficient experience through an online course , we recommend enrolling in our Advanced online Course on Procurement. Start your learning with us today!
The course is typically delivered online through our Study Plex's learning platform, where you can access all the course materials and assignments at your own pace.
After successfully registering for the course, you will receive an email regarding your login details, allowing access to your online training course within the next 24 hours. .
You will receive an email with your login details upon successfully enrolling for a course. Kindly check your inbox or junk folder and spam folder, or you can contact our award-winning customer support team via [email protected].
You can gift any of our courses to your friends or dearest ones. After purchasing any course as a gift, kindly provide the learner's details via [email protected], and then we will send your gift to the learner with the login details of the course.
Definitely, you can enrol for this self-paced online video training course. Once you purchase the course, you will receive your login details via email. As you will receive lifetime access to the login portal, you can complete your course at your convenient time.
Absolutely! Each course is completely accessible from a tablet, mobile or laptop, as long as you have a secure internet connection.
Upon completing the course, you can order your certificate of achievement as proof of your new skill. You can also explore our websites to check out other courses as well. If youโre interested in learning about contracts and outsourcing, we recommend you join our Fundamental Online Course on Contracts and Outsourcing.
After successfully passing the MCQ exam, you can order the CPD-accredited Master in Google Ads Takeover Tactics Online Course certificate.
No prior knowledge is essential for this course, making it ideal for beginners. However, a positive attitude toward learning is always beneficial.
