Professional Certificate in Procurement and Sourcing Strategy

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International applicants and their qualifications are accepted

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Overview

Overview

Procurement and Sourcing Strategy

is designed for professionals seeking to enhance their skills in sourcing and procurement. This course helps learners develop a strategic approach to procurement, focusing on cost savings, supplier management, and category optimization. Some key concepts include spend analysis, supplier evaluation, and contract negotiation. By mastering these skills, learners can drive business growth and improve operational efficiency. The course is tailored for procurement professionals, category managers, and business analysts looking to upskill and reskill in procurement and sourcing strategy. It provides a comprehensive understanding of procurement best practices and industry trends. Explore this course to discover how you can apply procurement and sourcing strategy to drive business success.

Procurement is a vital function in any organization, and our Professional Certificate in Procurement and Sourcing Strategy will equip you with the skills to excel in this field. This comprehensive course will help you develop a strategic approach to procurement, enabling you to procurement and procurement processes that drive business growth and profitability. You'll learn how to analyze market trends, negotiate contracts, and manage supplier relationships. With this certificate, you'll enjoy career prospects in industries such as finance, manufacturing, and construction. Unique features include expert-led sessions, real-world case studies, and a network of like-minded professionals.

Entry requirements

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

International applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

•
Procurement Strategy Development •
Sourcing Methodologies and Approaches •
Supplier Relationship Management •
Contract Management and Negotiation •
Procurement Process Improvement •
Spend Analysis and Optimization •
Category Management and Planning •
Procurement Technology and Tools •
Risk Management in Procurement •
Procurement and Sourcing in Global Markets

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 & course fee

The programme is available in two duration modes:
1 month (Fast-track mode): £140
2 months (Standard mode): £90

40% Cheaper

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

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Awarding body

 The programme is awarded by London School of International Business. This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.

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  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
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Got questions? Get in touch

Chat with us: Click the live chat button

+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about Professional Certificate in Procurement and Sourcing Strategy

The Professional Certificate in Procurement and Sourcing Strategy is a comprehensive program designed to equip individuals with the necessary skills and knowledge to excel in procurement and sourcing roles.
This program focuses on teaching learners how to develop and implement effective procurement and sourcing strategies that drive business value and improve operational efficiency.
Upon completion of the program, learners can expect to gain a deep understanding of procurement and sourcing principles, including sourcing strategies, contract management, and supplier relationship management.
The program also covers industry-specific procurement and sourcing challenges and opportunities, enabling learners to develop a nuanced understanding of the complexities involved in procurement and sourcing.
The duration of the program is typically 4-6 months, with learners completing a series of online modules and assignments that assess their knowledge and skills.
The program is highly relevant to the procurement and sourcing industry, with a focus on teaching learners how to apply procurement and sourcing best practices in real-world scenarios.
Learners who complete the program can expect to gain a competitive edge in the job market, with many employers recognizing the Professional Certificate in Procurement and Sourcing Strategy as a valuable credential.
The program is also highly relevant to industries such as manufacturing, construction, and services, where procurement and sourcing play a critical role in driving business success.
Overall, the Professional Certificate in Procurement and Sourcing Strategy is an excellent choice for individuals looking to launch or advance their careers in procurement and sourcing.
By gaining the skills and knowledge needed to succeed in procurement and sourcing, learners can drive business value, improve operational efficiency, and contribute to the success of their organizations.

Why this course?

Procurement and Sourcing Strategy is a vital component of any organization's supply chain management. In the UK, the demand for skilled professionals in this field has increased significantly, with the Chartered Institute of Procurement and Supply (CIPS) reporting a 25% growth in procurement jobs between 2019 and 2020.
Year Number of Jobs
2019 15,000
2020 18,750
2021 22,500
The increasing complexity of global supply chains, coupled with the rise of digital technologies, has created a pressing need for professionals who can develop and implement effective procurement and sourcing strategies. A Professional Certificate in Procurement and Sourcing Strategy can equip learners with the necessary skills and knowledge to navigate these challenges and drive business success.

Who should enrol in Professional Certificate in Procurement and Sourcing Strategy?

Ideal Audience for Professional Certificate in Procurement and Sourcing Strategy Procurement professionals, sourcing specialists, and business leaders in the UK looking to enhance their skills and stay competitive in the market.
Key Characteristics: Typically hold a degree in a relevant field, have 2+ years of experience in procurement or a related field, and are seeking to advance their careers or transition into a new role.
Industry Focus: Manufacturing, construction, public sector, and private sector organizations in the UK, with a focus on industries such as automotive, aerospace, and energy.
Career Goals: To develop strategic procurement and sourcing skills, improve supply chain management, and increase competitiveness in the global market, with a focus on driving business growth and profitability.
Relevant Skills: Procurement and sourcing strategy, supply chain management, contract management, negotiation, and stakeholder engagement, with a focus on data analysis and business acumen.