MBA with Professional Certificate in Strategic Vendor Sourcing

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MBA with Professional Certificate in Strategic Vendor Sourcing

Overview

Strategic Vendor Sourcing

is a specialized field that requires professionals to navigate complex relationships with suppliers. This MBA with Professional Certificate in Strategic Vendor Sourcing program is designed for business leaders and procurement experts who want to develop the skills to optimize their sourcing strategies. By learning from industry experts, participants will gain a deep understanding of vendor management, contract negotiation, and supply chain optimization. They will also develop essential skills in data analysis, stakeholder management, and risk mitigation. With this knowledge, professionals can drive business growth, reduce costs, and improve overall performance. Explore this program to learn more.

Strategic Vendor Sourcing is a game-changer for professionals seeking to elevate their procurement skills. This MBA with Professional Certificate program equips you with the expertise to negotiate better deals, manage risk, and drive business growth. By mastering Strategic Vendor Sourcing, you'll gain a competitive edge in the job market, with career prospects in top-tier companies and industries. Unique features include a focus on data-driven decision-making, supplier relationship management, and contract negotiation. With this program, you'll develop a deep understanding of the procurement landscape and become a sought-after expert in Strategic Vendor Sourcing. (8)

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

•
• Strategic Sourcing Fundamentals •
• Vendor Selection Criteria •
• Negotiation Techniques for Strategic Sourcing •
• Contract Management and Governance •
• Supplier Relationship Management •
• Sourcing Strategy Development •
• Category Management and Cost Optimization •
• Risk Management in Strategic Sourcing •
• Performance Metrics and Evaluation •
• Digital Sourcing and Procurement Technologies

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
    •

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+44 75 2064 7455

admissions@lsib.co.uk

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Career path

Key facts about MBA with Professional Certificate in Strategic Vendor Sourcing

The MBA with Professional Certificate in Strategic Vendor Sourcing is a specialized program designed to equip students with the knowledge and skills required to effectively manage vendor relationships and drive strategic sourcing decisions.
Through this program, students will learn about the principles of strategic sourcing, including vendor management, contract negotiation, and supplier development. They will also gain expertise in data-driven decision making, market analysis, and supply chain optimization.
The program is typically offered over a period of 12-18 months, with a combination of online and on-campus learning. Students will have the opportunity to engage with industry experts, case studies, and real-world examples to deepen their understanding of strategic vendor sourcing.
The program is highly relevant to the industry, as companies are increasingly looking for professionals who can drive value through strategic sourcing and vendor management. The skills and knowledge gained through this program will be highly sought after by organizations across various sectors, including finance, healthcare, and technology.
Upon completion of the program, students will be awarded an MBA degree and a professional certificate in Strategic Vendor Sourcing. This will not only enhance their career prospects but also demonstrate their expertise in driving business growth through strategic sourcing and vendor management.
The program is designed to be flexible, with online learning options available to accommodate students' busy schedules. This makes it an ideal choice for working professionals who want to upskill and reskill in strategic vendor sourcing.
The industry relevance of the program is further reinforced by the fact that it is designed in collaboration with industry experts and thought leaders. This ensures that the curriculum is up-to-date and aligned with the latest industry trends and best practices.
The MBA with Professional Certificate in Strategic Vendor Sourcing is a unique and specialized program that offers students a competitive edge in the job market. With its focus on strategic sourcing, vendor management, and supply chain optimization, it is an ideal choice for professionals looking to drive business growth and value through effective vendor management.

Why this course?

Strategic Vendor Sourcing is a crucial aspect of modern business operations, particularly in the UK. According to a survey by the Chartered Institute of Purchasing and Supply (CIPS), 75% of UK businesses believe that effective vendor management is essential for their success. In today's market, companies need to be able to source goods and services from the right suppliers at the right price, while also ensuring quality and reliability.
Year Number of Suppliers Number of Contracts
2015 250 150
2016 280 170
2017 300 190
2018 320 210
2019 350 230

Who should enrol in MBA with Professional Certificate in Strategic Vendor Sourcing?

Strategic Vendor Sourcing Ideal Audience
Professionals seeking to enhance their procurement skills and knowledge in a rapidly changing business landscape. Typically, individuals with 2-10 years of experience in procurement, supply chain management, or a related field, holding a bachelor's degree in a relevant discipline.
In the UK, this course is particularly relevant for those working in industries such as finance, manufacturing, and public sector, where effective vendor sourcing is crucial for driving business growth and competitiveness. According to a report by the Chartered Institute of Purchasing and Supply (CIPS), the UK's procurement industry is expected to grow by 3.5% annually, with strategic vendor sourcing being a key area of focus for businesses looking to improve their supply chain management.
Individuals seeking to develop their skills in areas such as contract management, supplier relationship management, and category management will benefit from this course. By the end of the course, learners can expect to gain a deeper understanding of strategic vendor sourcing principles and practices, enabling them to make informed decisions and drive business success in their organizations.