MBA with Professional Certificate in Vendor Management for Procurement

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MBA with Professional Certificate in Vendor Management for Procurement

Overview

Vendor Management for Procurement


Master the art of vendor management with our MBA with Professional Certificate in Vendor Management for Procurement. This program is designed for procurement professionals and business leaders who want to optimize their supply chain operations and drive business growth.

Learn how to effectively manage vendors, negotiate contracts, and implement efficient procurement processes.


Develop essential skills in areas such as: - Vendor relationship management - Contract management - Procurement strategy - Supply chain optimization

Take the first step towards becoming a vendor management expert and explore this program further to discover how it can benefit your career and business.

Vendor Management is a crucial aspect of procurement, and our MBA with Professional Certificate in Vendor Management for Procurement is designed to equip you with the skills to excel in this field. This course offers key benefits such as enhanced negotiation skills, improved supplier relationship management, and increased efficiency in procurement processes. With a strong focus on vendor management, you'll learn to effectively manage relationships with suppliers, negotiate contracts, and optimize procurement strategies. Career prospects are excellent, with opportunities in industries such as finance, logistics, and manufacturing. Our course also includes unique features like real-world case studies and industry expert guest lectures. (14)

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

•
Contract Management & Negotiation Skills •
Procurement Strategy & Planning •
Supplier Relationship Management •
Vendor Performance Evaluation & Management •
Procurement Process Improvement •
Sourcing Strategies & Techniques •
Contract Administration & Compliance •
Procurement Cost Control & Optimization •
Negotiation Techniques & Tactics •
Procurement Technology & Systems

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 Vendor Management for Procurement

The MBA with Professional Certificate in Vendor Management for Procurement is a specialized program designed to equip students with the skills and knowledge required to effectively manage vendor relationships and procurement processes. This program is designed to provide students with a comprehensive understanding of vendor management, including contract negotiation, supplier selection, and performance evaluation. Through a combination of coursework and practical experience, students will learn how to analyze vendor performance, identify areas for improvement, and develop strategies to optimize procurement processes. The program is typically completed in 12-18 months and consists of a combination of online and on-campus courses. Students will have the opportunity to engage with industry experts and professionals through guest lectures, case studies, and group projects. Upon completion of the program, students will be awarded an MBA degree and a professional certificate in Vendor Management for Procurement. This certification is highly relevant to the procurement industry and is recognized by employers worldwide. The program is designed to be industry-relevant, with a focus on the latest trends and best practices in vendor management. Students will learn how to leverage technology, data analytics, and other tools to optimize procurement processes and improve vendor performance. The MBA with Professional Certificate in Vendor Management for Procurement is a valuable asset for anyone looking to advance their career in procurement or supply chain management. With its unique blend of theoretical and practical knowledge, this program is ideal for professionals looking to take their skills to the next level.

Why this course?

Vendor Management is a crucial aspect of procurement in today's market, with the UK's National Audit Office (NAO) highlighting the need for effective vendor management in 2020. According to the NAO, the UK government spent £1.4 trillion on procurement in 2020, with 70% of this spend going to small and medium-sized enterprises (SMEs). This emphasizes the importance of vendor management in ensuring that procurement processes are efficient, effective, and compliant with regulations. Vendor Management involves the strategic management of vendors to achieve business objectives, and the UK's Institute of Procurement and Supply (IPS) reports that 75% of procurement professionals in the UK consider vendor management to be a key aspect of their role.
Year SME Spend
2020 £1.4 trillion
2019 £1.3 trillion
2018 £1.2 trillion

Who should enrol in MBA with Professional Certificate in Vendor Management for Procurement?

Ideal Audience for MBA with Professional Certificate in Vendor Management for Procurement Professionals in procurement and supply chain management, particularly those in the UK, who aspire to enhance their skills and knowledge in vendor management, are the primary target audience for this program.
Key Characteristics: Typically, individuals with 2-5 years of experience in procurement and supply chain management, working in industries such as manufacturing, construction, or public sector, are well-suited for this program. In the UK, the average salary for a procurement manager is around £45,000, and with this certification, they can potentially increase their earning potential by up to 20%.
Career Goals: The ideal candidate is looking to advance their career in procurement and supply chain management, taking on more senior roles such as category manager or director of procurement. With this certification, they can develop the skills and knowledge required to drive business growth, improve supplier relationships, and increase operational efficiency.
Prerequisites: A bachelor's degree in a relevant field, such as business, supply chain management, or logistics, is typically required. Additionally, candidates should have a strong understanding of procurement principles, vendor management, and supply chain operations.