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Gain efficiency in value-based procurement to optimise your business operations with our Fundamental Procurement Training Course. Learn how to exercise value creation methodology with appropriate measures and a dynamic framework of business models. Obtain career opportunities by acquiring your accredited qualification.
What you will learn from this course?
- Understand the fundamentals of procurement with procurement value evolution
- Learn how a value can be created with appropriation to enable a competitive advantage
- Know what changes are required to exercise value-based procurement
- Acquire what is reverse marketing and how it functions
- Explore how to create value in negotiations strategically
- Learn about the supplier selection process from the lowest bid to the value-based procurement
- Identify the dynamic capabilities framework to improve profits and customer expectations
Fundamental Procurement Training Course
If you want to enhance the efficiency of your business by optimising its daily operations, enrol in our Fundamental Procurement Training Course. Obtain primary procurement concepts to build a notion of value as an ability and succeed in the market with effective value models.
This course will enable you to understand comprehensively how companies succeed by creating value with a stakeholder work system. You will learn the procurement value curve with its peaks and lows through a product life cycle. This course will teach you how to conduct a sourcing strategy with a value-based approach. You will also attain the best-value procurement process and how it changes the traditional approach in supplier selection activities, including the value stream mapping as the course progresses.
Join this comprehensive course to gain practical skills and professional insights in procurement to maximise your business at a large scale.
Who is this Course for?
- This course is efficient for corporate employees who want to develop knowledge and skills in the procurement process
- This course is also suitable for business owners to enhance performance and efficiency by understanding the elements of procurement within the wider discipline
- Anyone who wants to develop a career in procurement management can take this course
- Any beginner who wants to learn about procurement practices to manage their business activities effectively can also join this comprehensive course
Entry Requirements
This Procurement Training Course has no academic prerequisites and is open to students from all academic 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 Procurement Training 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 Fundamental Procurement Training 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 how to practise procurement in general as well, we recommend you join the Advanced online Course on Procurement Course and gain the necessary skills along with a recognised certificate.
Recognised Accreditation
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 Curriculum
Procurement Value Evolution
Value-Based Pricing
Value Creation and Appropriation
Exercise on Value Creation and Appropriation Mapping
Procurement Value Curve
Dynamic Capabilities Framework
Value Creation Through Stakeholder Work System
VIPER Model
Efficiency, Effectiveness, and Value
Section Summary
From Lowest Bid to Value-based Procurement
Changes Required to Exercise Value-based Procurement
Exercise: Lowest Bid vs. Tco vs. Value-Based Evaluation of Air Conditioners
Exercise: Value-based Procurement of an Electronic Queue System
Reverse Marketing
Creating Value in Negotiations
Value-add Area in Negotiations
Best-Value Procurement Process
Value Stream Mapping
- Individual
- Business
Course info
Duration
Accredited by
Tutor Support
Course Access
106 Minutes
CPD UK
Included
1 Year
0121 295 1244Course Review
FAQs
The primary objective of a procurement process is to reduce costs. Negotiation is the only effective measure that can help a procurement team achieve cost savings. By negotiating on the right terms, a business can establish a better relationship with its suppliers and obtain better supplies.
Possessing strong procurement skills is essential for purchasing managers to make informed decisions and ensure the smooth functioning of their departments.
This procurement training aims to enhance procurement function management by increasing staff knowledge and skills, elevating performance and efficiency.
If you want to learn procurement skills and knowledge, online courses in business, supply chain management, and related fields can be a valuable opportunity. You can check out the Fundamental Procurement Training Course on StudyPlex, where you can gain proficient knowledge and skills with expert guidance regarding procurement. You'll receive a CPD-accredited certificate upon completion, adding merit to your career development.
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 how to practise procurement in general, we recommend you join our Advanced online Course on Procurement.
After successfully passing the MCQ exam, you can order the CPD-accredited Fundamental Procurement Training Course certificate.
No prior knowledge is essential for this course, making it ideal for beginners. However, a positive attitude toward learning is always beneficial.
