MBA with Professional Certificate in Procurement Cost Reduction

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International Students can apply

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MBA with Professional Certificate in Procurement Cost Reduction

Overview

Procurement Cost Reduction


Master the art of optimizing procurement processes with our MBA with Professional Certificate in Procurement Cost Reduction.


This program is designed for procurement professionals and business leaders looking to enhance their skills in cost reduction, negotiation, and supply chain management.


Learn how to analyze procurement data, identify areas for improvement, and implement strategies to reduce costs without compromising quality or service.


Develop a deeper understanding of procurement best practices, including contract management, supplier relationship management, and procurement technology.


Take your career to the next level with this comprehensive program, and discover how to drive business growth through effective procurement cost reduction.


Explore the program further and start your journey to becoming a procurement cost reduction expert.

Procurement Cost Reduction is a game-changing MBA program that equips you with the skills to optimize procurement processes and drive business growth. By combining theoretical knowledge with practical expertise, this course helps you reduce costs and increase efficiency. With a focus on real-world applications, you'll learn from industry experts and develop a network of peers and mentors. Upon completion, you'll be equipped to reduce costs and improve profitability, opening doors to exciting career opportunities in procurement, supply chain management, and more. With a procurement cost reduction focus, you'll be poised for success in a rapidly evolving business landscape. (6)

Entry requirements

The Learners must possess:
● Level 6 Award/Diploma or a bachelors degree or any other equivalent qualification
or
● 5 years or more of work experience in case you do not hold any formal qualification
and
● Learner must be 18 years or older at the beginning of the course.


International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

•
Procurement Cost Reduction Strategies •
Supply Chain Management •
Cost Accounting and Analysis •
Procurement Contract Management •
Vendor Relationship Management •
Category Management •
Procurement Process Optimization •
Cost Reduction Techniques •
Procurement Cost Benchmarking •
Procurement Data Analysis

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

12 Months: GBP £7700
18 Months: GBP £6700
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

12 Months - GBP £7700

● Payment option (a) - GBP £770 x 10 monthly instalments
● Payment option (b) - GBP £2566 x 3 quarterly instalments
● Payment option (c) - GBP £3850 x 2 half yearly instalments
● Payment option (d) - GBP £7315 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

18 Months - GBP £6700

● Payment option (a) - GBP £478 x 14 monthly instalments
● Payment option (b) - GBP £1340 x 5 quarterly instalments
● Payment option (c) - GBP £2233 x 3 half yearly instalments
● Payment option (d) - GBP £6365 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

40% Cheaper

Our course fee is upto 40% cheaper than most universities and colleges.

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Accreditation

 Stage 1 (Delivered by LSIB):
The programme involves delivery through on-line Learning Management System (LMS). This stage leads to award of Level 7 Diploma in Strategic Management and Leadership. Credits earned at this stage - 120 credits (60 ECTS).

Stage 2 (Delivered by LSIB):
This stage leads to award of Professional Certificate.

Stage 3 (Delivered by the University / awarding body)
On completion of the diploma programme you progress / Top up with Degree through a UK University for progression to the MBA degree. The stage 3 is delivered via distance learning by faculties from the University / awarding body. Credits earned at this stage - 60 credits (30 ECTS).

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

Got questions? Get in touch

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about MBA with Professional Certificate in Procurement Cost Reduction

The MBA with Professional Certificate in Procurement Cost Reduction is a specialized program designed to equip students with the knowledge and skills necessary to optimize procurement processes and reduce costs in various industries.
This program is typically offered by top business schools and universities, and its duration can range from 12 to 24 months, depending on the institution and the student's prior experience.
Upon completion of the program, students can expect to gain a range of learning outcomes, including advanced knowledge of procurement strategies, supply chain management, and cost reduction techniques, as well as the ability to analyze complex procurement data and develop effective cost-saving plans.
The program's focus on procurement cost reduction makes it highly relevant to industries such as manufacturing, construction, and healthcare, where cost control is critical to maintaining competitiveness and profitability.
Throughout the program, students will have the opportunity to develop strong analytical, problem-solving, and communication skills, which are essential for success in procurement and supply chain management roles.
The MBA with Professional Certificate in Procurement Cost Reduction is also highly relevant to professionals working in procurement, supply chain management, and logistics, who seek to enhance their skills and knowledge in order to drive cost savings and improve operational efficiency.
By combining the rigors of an MBA program with specialized training in procurement cost reduction, this program provides students with a unique combination of business acumen and technical expertise that is highly valued by employers in a range of industries.

Why this course?

Procurement Cost Reduction is a vital aspect of business operations, particularly in today's market where companies are constantly seeking ways to optimize their supply chain management and reduce costs. According to a report by the Chartered Institute of Procurement and Supply (CIPS), the average procurement spend in the UK is around £1.2 trillion, with a significant portion of this spend being attributed to cost reduction initiatives.
Year Cost Reduction (%)
2015-2016 2.5%
2016-2017 3.2%
2017-2018 4.1%
2018-2019 5.0%

Who should enrol in MBA with Professional Certificate in Procurement Cost Reduction?

Ideal Audience for MBA with Professional Certificate in Procurement Cost Reduction Procurement professionals, Supply Chain Managers, and Business Owners in the UK looking to enhance their skills in cost reduction and procurement optimization, with a focus on the public sector, where the UK government's procurement spend is estimated to be over £200 billion annually.
Key Characteristics: Typically hold a bachelor's degree in a relevant field, with 2-5 years of experience in procurement or a related field, and a strong desire to upskill and reskill in procurement cost reduction and optimization.
Industry Focus: Public sector, including government agencies, local authorities, and non-profit organizations, as well as private sector companies with a focus on cost reduction and procurement optimization.
Career Goals: To enhance their skills in procurement cost reduction and optimization, and to progress to senior roles such as Procurement Manager or Supply Chain Director, with a salary range of £40,000-£80,000 per annum in the UK.