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Advanced Procurement Concepts Course

Advanced Procurement Concepts Course

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Fast Track

Fast Track

Recognised Certification

Recognised Certification

Quality Guarantee

Quality Guarantee

Online Learning

Online Learning

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.

Who is this Course for?

  • 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

Entry Requirements

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.

Assessment

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%.

Advance Your Career

This Advanced online Course on Procurement Course will enable you to design your career by entering your chosen job market. Therefore, with your acquired skills and qualifications, your level of proficiency will increase and make you a tough competition in your desired field, enabling you to develop a successful career. However, if you are interested in learning about contracts and outsourcing as well, we recommend you join the Fundamental Online Course on Contracts and Outsourcing course and gain the necessary skills along with a recognised certificate.

Course Success Stories

Recognised Accreditation

CPD

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.

Course Curriculums

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

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Duration

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2 Hours 52 Minutes

CPD UK

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1 Year

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Course 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 you’re 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.